AFH extends £1.9m fundraiser 17/12/2014 The Board of AFH, a financial planning led investment management firm, has received applications from investors by the first closing date for approximately £1.9 million of unsecured loan notes and indications of further applications to be received through SIPPs in January 2015. The Directors have agreed to exercise their discretion to accept these applications up until 31 January 2015 to allow these investors to participate.
Islamic private bank rebrands 17/12/2014 The Islamic Bank of Britain, the Sharia compliant retail and private bank, is changing its name to Al Rayan Bank.
Foreign private bank in unusual foray into China 17/12/2014 Bordier & Cie has partnered with Credit China Holdings, a leading internet financing service provider in China, in what the two call “a strategic collaboration” to provide high net worth clients with personal financial services through internet platforms.
Liontrust reveals directorate reshuffle as director resigns 16/12/2014 The director of Liontrust Asset Management Plc, Jonathan Hughes-Morgan, has resigned from the company with immediate effect. He will remain with the company as co-head of International Sales, alongside James Beddall, and will concentrate on building the firm’s international distribution. He also remains a member of Liontrust Fund Partners LLP.
Morgan Stanley launches multigenerational e-learning program 15/12/2014 Morgan Stanley Wealth Management has launched an interactive e-learning program designed to help its Financial Advisors better serve clients’ growing multigenerational needs. Known as the Institute of Family Wealth Management (IFWM), the program will provide advisors with the resources required to develop individual relationships into family relationships.
Succession Holdings restructures senior management team 15/12/2014 Succession Holdings, a vertically integrated financial services firm, has reorganised its senior team to help oversee the acquisition and integration of 50 firms from its membership. So far, the firm have completed the integration of the first ten of the 50 planned acquisitions, with the remainder expected by 2017.