Saunderson solid while James Hay lags at IFG 17/05/2013 While Saunderson House provided a “solid” performance for IFG Group’s Q1 figures, the SIPPs provider noted medium term “attrition and lag” at recent acquisition James Hay.
More evidence of PAM Award Winner McInroy & Wood’s ability to outperform its bigger peers 17/05/2013 McInroy & Wood is not a firm usually associated with emerging markets investing. Ashmore (especially for emerging market debt), together with First State and Aberdeen Asset Management are much better known in this respect, especially by UK-based investors. But according to data produced by FE Analytics the Haddington, East Lothian-based investment management firm which won its first PAM Award in March is the best performing firm active in the UK authorised investment funds market in terms of generating alpha by a considerable margin.
All is not as it seems at HSBC Global Private Banking 13/05/2013 The declaration of a $125 million loss at HSBC Global Private Banking (GPB) during the first quarter has raised predictable questions about the current viability of private banking at both HSBC and other institutions.
OCBC derives third of revenues from growing wealth division AUM 07/05/2013 Oversea-Chinese Banking Corporation Limited (OCBC), which derives a third of its revenues from its wealth division, reported growing private client assets under management of S$55 billion, up from US$35 billion for the same period the previous year.
RBS reports increase in wealth profits 03/05/2013 RBS’s wealth division, which includes Coutts, has reported an operating profit before impairment losses of £61 million for the first quarter of 2013. This compares with £53 million for the same period last year.