All articles by BBR Staff
BBR Staff
Matrix Asset Management to acquire equity interests of First Affiliated
Matrix Asset Management, an asset and wealth management company, has entered into a strategic arrangement with First Affiliated, a Canadian Multi-Family Office (MFO) providing integrated wealth, lifestyle and legacy management services to affluent families.
Citi Wealth Advisors launches second Smart Broking branch in Pune
Citi Wealth Advisors (CWA), a retail business unit of Citigroup Global Markets India, has launched its second Smart Broking branch in India in Pune, the first being in New Delhi.
Sanlam acquires Merchant Securities for GBP12.25 million
In an strategic move to expand its UK footprint, Sanlam UK has acquired wealth management firm Merchant Securities for GBP12.25 million.
CCOs face increasing responsibilities with limited resources, says SEI poll
For the second consecutive year, poll results conducted by SEI show that chief compliance officers (CCOs) are burdened with responsibility and are trying to keep pace with the pressure of ongoing regulatory changes.
Abide by RDR rules or consider restructuring, says Tenet
To remain independent after the Financial Services Authority’s Retail Distribution Review (RDR) comes into effect in 2012, a vast majority (80%) of independent financial advisors (IFAs) need to change their business model, says Tenet, the UK advisor support group.
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Wells Fargo to launch new advisory unit for super-rich clients
As the race to attract the ultra-wealthy heats up in the US, Wells Fargo has started a new advisory unit aimed at families which have US$50 million or more in investible assets.
CFTC, SEC introduce transparency rules for US private fund reporting
The Commodity Futures Trading Commission (CFTC) has put its seal of approval to the new rule that US investment advisors with at least US$150 million in private fund assets under management will have to file regular information to Securities and Exchange Commission (SEC).
Wealth management arm of Deutsche Bank registers Q3 profit
Deutsche Bank has reported a pre-tax profit was EUR186 million from its asset and wealth management (AWM) in the third-quarter of 2011. The figures more than double the third quarter 2010 result.
BNP Paribas Wealth Management on hiring spree in Asia-Pacific
BNP Paribas Wealth Management has made some high-profile appointments in the higher echelons of its Asia-Pacific business as it aims to benefit from the growing wealth in the region.
No secrecy in Singapore private banking, says Citigroup head
Singapore is fast emerging as a top destination for the wealth management industry. The country has eased its banking laws and is as touted as the next Switzerland. But that has also raised doubts about the bank secrecy laws due to which Switzerland is losing its clout.