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Kleinwort Benson Wealth Management halves operating losses 28/08/2015
The combination of a diverse source of income coupled with cost control helped London-based Kleinwort Benson Wealth Management (KBWM) reduce operating losses substantially during the first quarter of 2015, despite another reduction in client assets under control and management.

Threat to the future of Duncan Lawrie is lifted 28/08/2015
The future of Duncan Lawrie Private Bank looks to have been secured.

HSBC moves leadership of $445bn fund arm from London to Hong Kong 28/08/2015
HSBC has relocated Sridhar Chandrasekharan, chief executive of HSBC Asset Management, its $445 billion fund management arm to Hong Kong from London.

Pictet Group reports increased first half profit 28/08/2015
Geneva-based private bank and asset manager firm Pictet Group has seen an increase in operating income and consolidated profit for the first half of 2015, compared to the same period last year, in unaudited figures.

BHF Kleinwort tightlipped on Fosun offer but reports higher profit 27/08/2015
Reporting its first-half results, BHF Kleinwort Benson didnít mention the controversial EUR 675 million acquisition offer from Chinaís Fosun International group.

RBC Wealth Management reports static income 27/08/2015
RBC Wealth Management has reported net income of C$285 million for the third quarter ended 31 July 2015.

Valartis Group posts a half year loss 26/08/2015
Valartis Group has reported a loss of CHF 21.4 million for the first half of 2105. This compares with a loss of CHF 20.7 million for the first half of 2014.

Palamon Capital Partners and Credit Suisse seal liquidity transaction 26/08/2015
Palamon Capital Partners, a pan-European growth investor, completed a funding transaction where five top-tier investors purchased stakes in Palamon funds from existing limited partners, committing capital to a new vehicle investing alongside Palamon Auxiliary Partnership 2013

Departures as Deutsche continues restructure around UHNWI 26/08/2015

Tavistock Investments in period of 'construction' 25/08/2015
Tavistock Investments sees total revenues of £5 million with a post-tax loss of £864,000 from the 15 months ending 31 March 2015, in a time period described as 'one of construction', the firm said.

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