All articles by BBR Staff
BBR Staff
Bendigo Wealth acquires AIM Financial Services
Bendigo Wealth has acquired the AIM Financial Services, a boutique Independent Financial Planning business located in Melbourne.
Morgan Stanley gains seven advisors with US$1 billion assets
Morgan Stanley Smith Barney has hired seven new advisors who come from Merrill Lynch, UBS and RBC who collectively handled more than US$1 billion in assets under management and total annual fees and commissions of roughly US$11 million.
IRESS Market Technology launches wealth management division in UK
Australian software company IRESS Market Technology has launched a wealth management division in the UK.
UBS confirms Sergio Ermotti as permanent CEO
The UBS board has appointed Sergio Ermotti, the interim CEO, as permanent chief executive.
Former UBS UK wealth management unit chief challenges FSA penalty
The Financial Services Authority (FSA), UK’s finance regulator’s intention to fine UBS’s senior executive in Zurich and former CEO of the wealth management unit in the UK up to 100,000 pounds ($159,000) has been challenged.
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Société Générale reports 30% fall in Q3 net income
French private banking and financial services company Société Générale has reported net banking income of EUR 622 million for the third quarter of 2011.
Coutts appoints Jennifer Mathias as new CFO
Coutts has appointed ex-Lloyds director Jennifer Mathias as its new chief financial officer and she will also be a member of Coutts Executive Committee.
San Francisco-based Gordian hires Sanctuary Wealth Services for biz support
Gordian Wealth Advisors, a newly formed independent advisory firm based in San Franscisco, has hired Sanctuary Wealth Services to provide infrastructural and institutional support.
SEC files a record 735 enforcement actions in 2011
The Securities and Exchange Commission (SEC) filed a record 735 enforcement actions in the fiscal year that ended on September 30, 2011 and involved cases such as highly complex products, transactions, and market practices as well as those related to the financial crisis and insider trading by market professionals.
Snowball acquires Australian wealth management firm Jeena
Snowball Group, an Australian non-aligned client focused financial advice and wealth management firm, has acquired the Melbourne-based wealth management firm Jeena which provides family office services to high net worth clients.