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
RBC Wealth Management appoints managing director
RBC Wealth Management, a part of the Royal Bank of Canada, has appointed Hermann Leiningen as managing director of family office and institutional investments.
Aberdeen finalises £550m acquisition
Aberdeen Asset Management has completed the acquisition of Scottish Widows Investment Partnership (SWIP) in a deal worth approximately £550 million.
Cazenove boosts Schroders’ results
Schroders’ wealth management arm saw revenues rise 90% compared to the same time last year, mainly due to the acquisition of Cazenove Capital in July last year.
BNP Paribas Wealth & Asset Management divisions remain stable
BNP Paribas Wealth & Asset Management remained stable in the first quarter of 2014 despite a 1.3% drop, from 173 million to 170 million, in revenue for the division since the previous quarter.
Safra Sarasin captures Morgan Stanley’s Swiss private bank
Bank J. Safra Sarasin has agreed to acquire Morgan Stanley’s Swiss private banking business. The agreement includes qualifying clients and their relationship management teams related to ultra high net worth (UHNW) clients across the Latin American and EMEA regions.
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Duncan Lawrie: UK adults unlikely to buy an annuity
75% of UK adults with a pension will not buy an annuity or are unsure of what to do, following the Chancellor of the Exchequer’s 2014 Budget, according to research by Duncan Lawrie Private Bank.
DeAWM pre-tax income drops 23%
Deutsche Asset & Wealth Management (DeAWM) saw their pre-tax income drop 23% in the first quarter of 2014, totalling at EUR 169 million compared to EUR 219 million in the previous quarter.
SJP records 26% rise in FuM net inflow
British wealth manager St. James’ Place (SJP) has seen net inflow of funds under management (FuM) reach £1.2 billion in the first quarter of 2014, up 26% from the £0.9 billion earned at the same point last year.
Barclays: Entrepreneurial spirit strong in the UK
The entrepreneurial spirit in the United Kingdom is rising according to Barclays’ Entrepreneurs Index, released last month.
Heptagon expands private team
Heptagon Capital has hired Rajaa Mekouar to develop their private client business, particularly among family offices and ultra high net worth individuals across Europe.