RBS offloads Coutts international clients to UBP
Royal Bank of Scotland has reached a deal to sell off the international elements of the Coutts private banking and wealth business to Switzerlands Union Bancaire Privée.
Companies
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Some like it hot Asset allocator with
Birmingham-based family business Margetts Fund Management was one of the pioneers of risk-rated funds back in the 1990s. This came about after Toby Ricketts father, Tim, had left his job in the 1980s with Equitable Life to set up an IFA joint venture with a stockbroking firm, and in 1992 found the need to put…
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DeVere set for aggressive UK expansion
International advice firm deVere has announced plans to aggressively develop in the UK and capitalise on the areas improving economy and pension changes.
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Alliance Trust digs in for battle
Alliance Trusts board has unanimously rejected a proposal from major shareholder Elliott Advisors to add three new members.
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Alliance trust digs in for battle
Alliance Trusts board has unanimously rejected a proposal from major shareholder Elliott Advisors to add three new members.
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BlackRock unveils UK real estate ETF
The worlds largest asset manager, BlackRock, has launched its second exchange-traded fund (ETF) which aims to mirror the risk and return profile of UK real estate.
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Scale concerns see First State split FSS business
First State Investments has decided to split First State Stewart into two in a bid to retain its flexible investment approach.
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Julius Baer poaches Barclays
Swiss banking group Julius Baer has appointment two senior Barclays Wealth figures to its UK team as it looks to offer wealth management services to north-west England.
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Aberdeen AM launches China A share fund
Global investment manager Aberdeen Asset Management has launched a China A-share fund with the aim of achieving long term growth for investors through the Chinese stock market.
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LGIM positioning for the retirement flood
Legal & General Investment Management expects new business volumes to grow strongly in 2015 as the firm benefits from the ongoing de-risking of defined benefit pension market.
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GAM to grow multiasset drop Swiss Global
GAM Holdings plans to strengthen its position in the multi-asset space as it seeks to take advantage of growing demand for outsourced chief investment officer solutions.
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Carmignac equity fund managers leave for personal reasons
Two Carmignac emerging equity fund managers have left the Parisian investment firm for personal reasons as Xavier Hovasse and David Park take their place.