Client concerns

1. KKR's deal maker and truffle hunter

   Earlier this year, private-equity investor Joseph Bae helped his firm, Kohlberg Kravis Roberts seal the $1.8bn (€1.2bn) acquisition of Korea's second-largest beer maker, Oriental Brewery. Earlier this month, he aided in a decidedly posher acquisition.

2. Stanhope Capital grows staff by 50%

   Stanhope Capital, the private investment manager, has taken the opportunity to cherry-pick staff from rivals during the downturn, growing its headcount from 26 to 40 over the last year.

3. UBS Outlines Path to Profit

   UBS AG laid out ambitious plans to restore the troubled Swiss bank to profitability, but struggled to convince investors who worried that new management still faces an uphill battle in turning the group around.

4. Swiss Banque Heritage Sees Gains From Foreign Expansion

   Geneva-based Banque Heritage is among the latest of a string of small Swiss private banks to expand its presence abroad as a way of offsetting the burden of increased regulation at home, and to compensate for the erosion of Switzerland's status as an offshore banking center.

5. Family-run businesses outperform their public rivals

   Family businesses have long been considered more profitable than publicly owned companies, and industry analysts said the recession bears this theory out.

6. FSA bans ex-UBS client adviser

   The UK Financial Services Authority has handed out its first fine to an individual involved in the rogue trading scandal that hit UBS' wealth management unit, banning director Andrew Cumming for complicity allowing a senior colleague to continue making unauthorised trades.

7. Julius Baer Flags Slower Inflows Vs Mid-Yr; Assets Up

   Julius Baer Group AG Tuesday said that inflows of funds from wealthy clients have slowed from mid-2009, as clients in Europe shift assets and the Zurich-based bank exits U.S. business.

8. Local authority drops UBS after ‘unsuccessful’ run

   The Bexley local authority pension scheme has decided to dump a balanced mandate managed by UBS, after research found the asset manager’s investment decisions were “unsuccessful” over six years.

9. Recovery at UBS: work in progress

   For a bank which hoped all the bad news was now finally behind it, the £8m (€8.9m) fine imposed on UBS last week by the Financial Services Authority came at an unfortunate time.

10. RBS Posts Loss, Cautious Outlook

    Royal Bank of Scotland Group PLC, which is about to see its government ownership rise to 84%, posted a £1.8 billion ($2.99 billion) net loss for the third quarter, hurt by £3.28 billion in impairment losses, and said it remains cautious on the outlook.