Crestbridge complements rise in assets with new appointment 26/11/2014 Independent corporate and fund services provider Crestbridge has reported significant growth in its Luxembourg office. The value of investment fund assets under management (AUM) within its management company, ManCo, and the value of assets it administers (AUA) within corporate structures have both risen, while its ManCo capabilities have been further bolstered with the appointment of Christopher Bennett.
Ashcourt Rowan reports 'positive' growth 26/11/2014 UK wealth management group Ashcourt Rowan plc has seen earnings before tax and interest more than double this year to £1.9 million while discretionary and managed assets have recorded a year-on-year increase of 40 percent to £2.3 billion, according to its interim results for the six months ended 30 September 2014.
New joint venture asset management firm aims to make investment case for agriculture 25/11/2014 Dexion Capital, an alternatives investment bank, and Brown & Co, an international agribusiness advisor, have united in to launch a joint venture called Agricultural Asset Management (Agri-AM). The initiative aims to bring the investment case for agriculture to a wider investor audience, making the asset class more accessible.
Kleinwort Benson reduces losses but assets under management fall 24/11/2014 An uplift in banking and treasury-related revenues helped London-based Kleinwort Benson Wealth Management (KBWM) to record a much improved result for the first half of 2014, according to the interim statement produced by RHJ International, its Brussels-based owner.
RBC's retreat from global wealth management gathers pace 24/11/2014 RBC is exiting its international wealth management network in the Caribbean and has started a strategic review of its RBC Swiss operation as it continues to retreat from areas with a perceived risk of doubtful or legacy client business.
One step forward and one back at Kleinwort Benson 24/11/2014 At first sight Kleinwort Benson Wealth Management (KBWM) appears to be making progress, at least according to the data contained in the interim trading statement released by RHJ International, its owner (see thewealthnet 24/11/2014).
BNY Mellon realigns Middle East & Africa leadership 21/11/2014 BNY Mellon has realigned its leadership team in the United Arab Emirates and wider Middle East & Africa region with the appointments of Tarek Sherlala as senior executive officer, Dubai branch, and Rajai Ayyash as regional executive for the Gulf region. Mr Sherlala succeeds Tarek Elrefai, who has retired following five years as senior executive officer, Dubai branch and head of client management for the Middle East & Africa region.
Close Brothers launch free financial planning surgery 21/11/2014 Close Brothers Asset Management (CBAM) is launching a free financial planning surgery in the South West as part of the Financial Planning Week. The initiative, which is run by the Institute of Financial Planning, will provide the general public one-to-one help with their finances.