All articles by BBR Staff
BBR Staff
Barclays Wealth makes two senior hires in Hong Kong
Barclays Wealth has hired Fabian Neo as head of FX Advisory, Asia and Chi Lee as director, head of active advisory and investment solutions, North Asia.
Focus Financial invests in $1.3bn RIA firm Colony Group
New York-based Focus Financial Partners has added to its partnership The Colony Group, a Boston-based registered investment advisory firm (RIA) with approximately $1.3bn in assets under management.
Bank of America hires more than 50 Merrill Edge FSAs in Central New England region
Bank of America has hired more than 50 Merrill Edge Financial Solutions Advisors (FSAs) in the Central New England region, including Boston and Hartford.
Swiss firms to augment focus on operational efficiency, accountability: Advent regional sales head
Following the financial crisis, and with several game-changing pieces of regulation coming into force by 2013, current trends towards streamlining operations to increase productivity and reporting capabilities will significantly develop, according to Ger van Nijkerken, regional sales director of Advent Software.
Fusion Wealth goes live with SEI Global Wealth Services
Fusion Wealth has implemented SEI’s Global Wealth Services (GWS) solution, through which SEI will provide Fusion Wealth with investment processing, order management, settlement, and core custody services.
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Fullerton Securities acquires wealth management unit of Pioneer Investcorp
Temasek-backed Fullerton Securities & Wealth Advisors has acquired the wealth management division of Pioneer Investcorp, a provider of investment banking, wealth management and financial advisory services. Both companies are based in India.
MPS sells Monte Paschi Monaco to Andorra Banca Agricola for EUR21.7m
The Board of Directors of Banca Monte dei Paschi di Siena (MPS) has approved the sale of Monte Paschi Monaco SAM in Andorra Banca Agricola Reig.
Commonwealth Bank of Australia makes executive hires
Commonwealth Bank of Australia has appointed Grahame Petersen as group executive of business and private banking and Annabel Spring as group executive of wealth management.
UK widens tax probe of HSBC’s Swiss private banking unit
The UK tax regulator, HMRC, is investigating HSBC wealthy clients with accounts at its Swiss private bank in Geneva to see if there is evidence of tax evasion.
Brooks Macdonald annual underlying pre-tax profits up 37%
Wealth management group Brooks Macdonald has reported an underlying pre-tax profit of GBP7.8 million for the year ended 30 June 2011, up 37% compared with GBP5.7 million in the year ago period.