What next for Kleinwort Benson? 26/05/2015 The decision of Samena Capital to acquire a 31.2 percent stake in Kleinwort Benson Bank (KBBL), BHF Kleinwort Benson’s London-based private banking and corporate advisory subsidiary for £15 million, opens another chapter on one of the UK’s best known merchant banking names. Quite where it will lead to remains another question, however.
Citi Private Bank on the secret to success 26/05/2015 Outlining your value proposition is essential when establishing a business, but it’s retaining that focus that is the secret to long-term success, says Citi Private Bank.
How tough is it to get a job with a family office? 21/05/2015 Moving from a firm where there may be hundreds if not thousands of employees to a tight-knit family office can be a tough call, not least in adapting to the culture of a focused firm dealing with the myriad interests of a wealthy family.
JO Hambro Capital Management founders show that there is life after a buy-out 21/05/2015 The recent activities of two of the co-founders of JO Hambro Capital Management (JOHCM), provides further evidence of the nuanced nature of so-called “consolidation” within the UK investment and wealth management sectors. Instead of reducing the number of institutions active in the sectors merger and acquisitions-related activity has a habit of spawning new firms.
Investment managers uncertain over bond proxies 20/05/2015 Although attention has been focused on the volatility in the bond market, the impact has been felt in the equity market as well. Particularly vulnerable appear to be the so-called ‘bond proxies’ previously valued for the stability of their earnings and dividends, but which now look extremely expensive relative to the wider market. Could it be an inflection point for these stocks?
MiFID II – uncertainty could stifle innovation, experts say 19/05/2015 MiFID II, a pan-European piece of legislation that seeks to stop financial advisers benefitting from retrocession payments from investment product providers, is likely to lead to attempt by clients to drive down costs. This has the potential to drive innovation and new market entrants disrupting the wealth management market, delegates at a London conference heard last week.