Kleinwort Benson reduces losses but assets under management fall 08:00 GMT 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 08:37 GMT 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.
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.
Wealth management helps boost Walker Crips profit 20/11/2014 Walker Crips has reported a year on year increase in gross profit of 10.4 percent to £7.4 million for the six months to 30 September 2014. The firm said this “reflecting considerable progress made in investment and wealth management businesses.”