Advisers

1. Comment: Credit Suisse results underline hiring spree

   If you want a job in the financial services sector then best choose private banking.

2. Bahrain family office seeks AIM listing

   Family Shari'ah Fund on Wednesday said that it has successfully closed a $31.5m (€20m) placing undertaken by The Family Office Company, a Bahrain-based wealth management multi-family office, according to a report in Bahrain Tribune.

3. France ponders professional investment exams

   Asset managers and buyside analysts in France may soon face professional examinations and registration in the same way that their colleagues in the UK and US do, as the Autorité des Marchés Financiers, the country's market regulator, considers the introduction of such a regime.

4. European family office market ripe for growth – report

   The European family office market, which currently has penetrated just 18% of the ultra-wealthy market in the region, is poised for rapid expansion, according to a report from the US-based research and consulting group Celent.

5. UK wealth manager eyes acquisitions for growth

   Premier Wealth Management, the independent financial adviser, is eyeing potential acquisition opportunities in the North West of UK over the next twelve months as part of its short-term expansion strategy, according to a MoneyMarketing report.

6. UK structured product sales heading for annual record

   Sales of structured products to UK retail investors hit £3.7bn in the first six months of the year, 15% up on last year and on target to reach a record level of £8bn by the end of the year, according to Blue Sky Asset Management, a structured products specialist.

7. Credit Suisse hires hedge fund chief

   Erin Callan, who was forced to step down as chief financial officer at Lehman Brothers after just six months in the role, has moved to Credit Suisse.

8. Wealth management fees rise at Northern Trust

   US bank Northern Trust said today fees from its wealth management operations increased in the second quarter compared with the same period last year, despite the downturn in the US economy.

9. UBS pursues cooperation between investment bank and wealth management in Asia

   The head of equity research at UBS's investment bank in Hong Kong will also work for the bank's wealth management arm from next month, according to a report in Infocast News.

10. E*Trade To Sell Canadian Ops To Scotiabank

    E*Trade Financial Group agreed to sell its Canadian operations to Bank of Nova Scotia for $442 million and said the sale and return of related capital would generate about $511 million for the struggling online brokerage firm.