04/24/2012
Villiger, whose tasks include developing recommendations for the CEO’s pay with the compensation committee, said the bank won’t assess Ermotti’s performance by profit alone, but will also include targets for boosting capital ratios and c
04/24/2012
The two analysts are well known in the technology and interactive entertainment sector, having covered companies including Google Inc., Yahoo Inc. and Amazon Inc. at UBS for roughly three years.
04/24/2012
The loan loss provision charged to earnings in the first quarter of 2012 was $900 thousand, the lowest quarterly provision since the first quarter of 2008.
04/24/2012
The number of Ameriprise Financial advisors rose slightly to 9,744 as of March 31, from 9,730 as of Dec. 31, 2011, and 9,653 as of March 31, 2011. Assets under management in the Advice & Wealth Management Unit were $334 billion in Q1’12 vs. $315
04/20/2012
Fairhills Group is a New York-based alternative asset management firm originally founded as the family office of Mr. Edward Bronson, a veteran principal investor and former telecom entrepreneur.
04/20/2012
Brown Advisory has purchased a minority stake in a hedge fund manager with New York and London offices.
04/20/2012
Qatar’s sovereign wealth fund has made its first big investment in a US public company by acquiring a 5.2 per cent stake in Tiffany, the jewellery retailer known for its diamond rings and blue, ribboned boxes.
04/20/2012
Morgan Stanley set aside $2.11 billion to pay employees at its investment-banking division in the first quarter, 10 percent more than a year earlier.
04/19/2012
It said that in the past seven months, Northern Trust Hedge Fund Services (NTHFS) had secured 22 client wins on four continents.
04/19/2012
For these reasons, Philanthropy Management suggests that wealth consultants and other advisors manage the expectations of entrepreneurs who are making their first serious forays into philanthropy.
04/19/2012
US subsidiary of leading French bank launches mortgage service for wealthy clients
In addition to the creation of the private mortgage banking team, the bank continues its investments in its wealth management service model and capabilities, including the opening of additional dedicated wealth management client centers.
04/18/2012
Last year, almost 1,800 people followed Superman's lead, renouncing their U.S. citizenship or handing in their Green Cards.
04/18/2012
Few Americans know what it is like to have one million dollars a year to their name.
04/18/2012
The shareholder vote, mandated by the "say on pay" legislation under the Dodd-Frank Act, was taken at the firm's annual meeting in Dallas.
04/18/2012
STATE Street said yesterday that first-quarter profit fell 11 per cent as compensation and other employee benefits surged at nearly three times the pace of operating revenue.
04/17/2012
First Midwest Bank has announced that it has formed a new Wealth Management Division as part of the bank's strategic organizational realignment.
04/17/2012
Wealth Managers View Creating Efficiencies a Vital Part of Operational Philosophy
04/17/2012
US wealth management firm to go private
The proposed transaction is expected to close in the third quarter of 2012.
04/17/2012
The U.S. Senate has blocked President Barack Obama’s proposal to raise tax rate on those who earn more than $1 million a year.
04/16/2012
According to the Mei Moses World All Art index, investment grade art grew in value by 10.2 per cent in 2011, outperforming both the S&P 500 and the FTSE All Share total return indexes.