Geneva bank publishes annual results for first time 14:00 GMT Mirabaud Group reported that assets under administration for 2014 totalled CHF 32.7 billion, in releasing annual results for the first time since the Geneva bank converted into a public company.
Alive, well and growing: ABN AMRO's private banking interests 23/03/2015 The private banking activities of ABN AMRO, the Netherlands’ largest bank, have tended to be overlooked, especially by UK-based commentators. This may reflect the events of 2008 when ABN AMRO effectively went off radar in the aftermath of the collapse of Fortis and Royal Bank of Scotland, part of the triumvirate that acquired the bank along with Santander. The sale of its UK private banking interests to Societe Generale may not also have helped in this respect either.
UBS' Asia Pacific bounty 16/03/2015 The latest UBS annual report and accounts makes for more interesting reading than usual as the Swiss bank profits a much more detailed breakdown of the financial performance of its various wealth management operations.
Future growth likely to be organic not M&A driven, Brooks Macdonald CEO tells thewealthnet 11/03/2015 Ten years to the day since it was first AIM listed on the London Stock Exchange, Brooks Macdonald's half year results reveal discretionary funds under management have reached a record £6.95 billion (see thewealthnet 11/03/2015). Speaking to thewealthnet, chief executive of the wealth management firm Chris Macdonald is particularly jubilant with progress over the last six months and is looking ahead to a period of “continued growth”.
Close Brothers Asset Management reports 'steady' growth 10/03/2015 Close Brothers Asset Management, the group’s arm which serves private clients, has reported an adjusted operating profit of £5.1 million for the half year ended 31 January 2015. This represents a year on year increase of 59 percent.