All articles by Patrick Brusnahan
Patrick Brusnahan
Patrick is a senior reporter working on GlobalData's consumer finance titles. You can reach him at patrick.brusnahan@verdict.co.uk
Arbuthnot posts pre-tax profits of £9.5m in first half
Arbuthnot Banking Group, based in the UK, earned half-yearly pre-tax profits of £9.5 million, a sharp increase of 368% compared to the same period in the previous year.
Julius Baer snaps up Bank Leumi’s private banking businesses
Julius Baer, the Zurich based private bank, has acquired the private banking activities of Bank Leumi in Luxembourg and Switzerland in a deal that will cost up to $78 million. Both businesses combined currently hold CHF 7 billion in AuM.
BlackRock records a 19% growth in AuM
BlackRock, the world’s largest asset manager, recorded $4.6 trillion assets under management (AuM) in the second quarter of 2014, 19% higher than at the same time last year.
Goldman Sachs’ profits rise 5% in Q2
Goldman Sachs saw net profits of $2.04 billion for the second quarter of 2014, 5.5% higher than the $1.93 billion net profits at the same time last year.
Barclays W&IM looses another senior executive
Rory Tobin, head of global investments and solutions (GI&S) at Barclays’ Wealth and Investment Management (W&IM) has decided to step down and return to institutional asset management.
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DeAWM: Intergenerational opportunity could be missed
Many financial institutions could miss out on the opportunities that will be created when the baby boomer generation passes its assets to NextGen clients and see significant setbacks according to Deutsche Asset & Wealth Management’s (DeAWM) white paper, NextGen Wealth Management 2030.
Lombard Odier hires Barclays executive to head Europe
Lombard Odier has appointed Henry Fischel-Bock as head of its domestic European private client business.
Citigroup’s profits plummet 96%
Citigroup recorded second-quarter profits of $181 million, a staggering 96% less than the $4.2 billion at the same point last year.
DeAWM makes senior appointments as CEO retires
The CEO of Deutsche Asset & Wealth Management (DeAWM), Wolfgang Matis, has retired from the firm after over 40 years.
Citi Private Bank expands law firm services
Citi Private Bank has expanded its Preferred Custody and Escrow group on the West coast.