All articles by BBR Staff
BBR Staff
ABN Amro completes LGT Bank Deutschland acquisition
The Dutch state-owned bank ABN Amro has completed the acquisition of LGT Bank Deutschland, part of Liechtenstein-based wealth and asset manager LGT Group, for an undisclosed amount.
Citigroup launches new fund platform for Asian HNWI clients
Citigroup has introduced a new service for its High Net Worth Individual (HNWI) clients in the Asia-Pacific region called Institutional & High Net Worth Fund Platform.
European Union summit produces fiscal plan, Britain isolated
The European Union’s closely watched Brussels summit ended in the early hours of Friday with mixed results. In principle, all of the 27 EU members except the UK backed a tax and budget plan.
Temenos and IBM sign global agreement
Temenos, provider of banking software, and IBM have entered into an agreement under which IBM will provide consulting and integration services together with software and hardware for Temenos implementations.
Use of LDI strategies highest in 5 years, says SEI poll
The number of pension plans with liability-driven investing (LDI) strategies is on the rise, according to the annual SEI Global Quick Poll, which states that 63% of surveyed pension executives employ an LDI investment approach, the highest in the polls five year history.
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Raising taxes on New York wealthy gets lawmakers approval
New York lawmakers have approved Governor Andrew Cuomos tax package to raise taxes on wealthy residents while cutting taxes for middle-class earners with less than US$300,000 a year.
Morgan Stanley CFO favors raising taxes on the rich
Speaking at a conference hosted by The Economist magazine in New York, Morgan Stanley CFO Ruth Porat said that the US government should raise taxes on the rich to narrow its budget deficit.
Advisors hoping for a delay in RDR, says poll
With just over a year to go, there is still a little hope among the advisors for a delay in the retail distribution review (RDR), says a survey conducted by Opinium research.
BMO’s Private Client Group registers 20% rise in Q4 net income
BMO’s Private Client Group net income, excluding insurance, was C$103 million in the fourth quarter of 2011, a year-on-year increase of C$17 million or 20%.
Cash and bonds find favour with fund managers, says poll
Fund managers are gradually moving away from equities and are finding bonds and cash as safe-haven assets due to the volatile market and the uncertainties of the European market, says a poll conducted by HSBC.