Zurich-based private bank, EFG International, has agreed a deal with Brazilian bank BTG Pactual to buy its Lugarno-based private banking unit BSI, one of the oldest Swiss banks, for about CHF1.33bn ($1.34 bn, £940m) in cash and stock.
A disappointing fourth quarter saw HSBC report a 7% drop in adjusted pre-tax profit to $20.4bn for the full year to end 2015
Edmond de Rothschild Asset Management has made much of its fund range available in the United Kingdom.
Novia Financial founder Bill Vasilieff outlines the evolution of the platform sector and shares his firm’s plans to keep one step ahead of his peers
Standard Life Investments has reported its net third party inflows leapt to £10.3bn in 2015 from just £1.7bn in 2014.
Aegon’s UK platform business has benefited significantly from the pensions freedoms announced in April, the firm said.
Retail and institutional investors share the view that financial professionals are falling short on the issues of fees, transparency, and performance, according to a new survey by the CFA Institute, the global association of investment professionals. The institute surveyed 3,312 retail investors from 10 countries and 502 institutional investors from six countries between October and…
Centrica saw its shares climb this morning following the release of its full year results.
Zurich Insurance Company will divest its 25% stake in financial services partnership Openwork within the next four years, under an agreement that will see Openwork continue to distribute Zurich product lines in the UK.
Momentum UK, has expanded into the UK DFM market with the acquisition of London & Capital’s Adviser Solutions business for an undisclosed sum.
Resilience is a word that cropped up repeatedly in comments by Anglo American CEO, Mark Cutifani as the firm announced a massive restructuring programme on Tuesday.
Industry reaction to the news HSBC would retain its London headquarters was mixed as higher capital requirements and being “trapped” in the European Union might work against the banking giant.
