Goldman Sachs
BNY Mellon Wealth Management Creates Senior UHNW Post In Northern California
11 June 2013
BNY Mellon Wealth Management has brought in Megan Gorman to work with ultra high net worth clients as a senior director in Northern California - a new role at the firm.
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North America Executive Moves - May 2013
10 June 2013
New York-listed Kohlberg Kravis Roberts & Co, the global investment firm, hired former Central Intelligence Agency director David Petraeus as chairman of the newly-created KKR Global Institute. The firm has, in recent years, increased engagement on macroeconomic and geopolitical considerations, as well as on environmental, social and governance issues . “The KKR Global Institute will be the nexus of KKR’s focus on the investment implications of these issues,” it said.
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Deutsche Asset & Wealth Ramps Up UHNW Team
3 June 2013
Deutsche Asset & Wealth Management, the wealth arm of German banking giant Deutsche Bank, has appointed Vinit Sahni to expand its services for ultra high net worth clients. Sahni most recently served at Bank of America, where he was head of rates and foreign exchange sales for Europe and Asia, and global head of hedge fund and central bank sales for rates and foreign exchange . Before that, he was the co-head of fixed income sales for Goldman Sachs in Asia ex-Japan.
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Goldman Sachs AM Launches Alternatives Mutual Fund
17 May 2013
Goldman Sachs Asset Management is launching a multi-manager fund offering access to a range of alternative strategies within a mutual fund. The Goldman Sachs Multi-Manager Alternatives Fund will invest in long-short equity, dynamic equity, event-driven and credit, relative value, tactical-trading, and opportunistic fixed income strategies . Co-managing the fund are Jason Gottlieb and Ryan Roderick, who sit within GSAM’s alternative investments and manager selection group, which manages around $120 billion of client assets.
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Global Headhunter Hires Financial Services Principal In New York
8 May 2013
New York-listed CTPartners, the global executive search firm, has hired Noah Schwarz as a principal within its financial services practice. Based in New York, Schwarz will focus on serving clients in investment banking, private equity and asset management . Schwarz joins from Heidrick & Struggles, where he was a member of the firm’s global financial services practice.
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New Hampshire Trust Firm Expands Management Team
3 May 2013
Perspecta Trust, the New Hampshire-based trust and wealth management firm, has promoted Scott Baker to president, and hired Todd Mayo as a principal. Baker succeeds Paul Montrone, who has been president of the firm since it was founded in 2007 . Montrone will remain as chairman and chief executive.
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Summary Of Wealth Management Firms' Results For First Quarter, 2013
29 April 2013
Here is a roundup of Q1, 2013 wealth management results from the largest US banks. The numbers may be revised later.
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Goldman Sachs Bank USA Given Green Light For UK Branch
17 April 2013
Goldman Sachs Bank USA has confirmed that is has received approval to operate a private bank in the UK, following the bank’s expansion plans announced in October 2012. In a filing with the UK’s Financial Conduct Authority, Goldman Sachs Bank USA - the US commercial banking unit - was granted the approval for its UK operation on March 21 . The new London-based branch will provide advice on investments, deposit-taking, dealing on an agency and principal basis, as well as the safeguarding and administration of assets, according to the FCA filing.
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Net Revenues Up, Earnings Down At Goldman Sachs In Q1 2013
17 April 2013
US-listed Goldman Sachs reported total net revenues of $10. 09 billion for the first quarter ended March 31, 2013, up 9 per cent from $9 . 23 billion in the final quarter of 2012 and up 1 per cent year-on-year.
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Tiedemann Wealth Makes Senior Hire In Florida
8 April 2013
New York-headquartered Tiedemann Wealth Management has hired Thaddeus Shelly as a managing director and senior advisor in Palm Beach, FL - a role in which he will develop and maintain client relationships. Shelly joins Tiedemann from Lazard, where he served as a managing director and chief executive of Lazard Wealth Management, overseeing the firm’s private wealth management effort in the US . Prior to joining Lazard in 2009, he was a senior managing director at Bessemer Trust, where he oversaw client acquisition and account management for their Mid-Atlantic, south and southeast regions, as well as the firm’s Delaware Trust Company.
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News and Features
Latest News
Janney Makes Senior Hires At New Office In Maryland, Adds Senior VP In Florida
BMO Private Bank Hires Two Managing Directors In Illinois
Resource Real Estate Launches Diversified Income Fund
Argent Financial Group Appoints Business Development Officer
Global Investor Confidence Rose In May; Europe Makes A Comeback - Merrill Survey
Comment and Analysis
EXCLUSIVE: Citi Private Bank: Reaping Rewards From Client Feedback
WE Family Offices Sets Out To Reshape The Landscape Of UHNW Wealth Management
FEATURE: A Look At The Mexican High Net Worth Client Market
EXCLUSIVE: Thomas Carroll On His First Few Months At The Helm Of GenSpring
EXCLUSIVE: Industry Leaders Debate Hot Topics Of Client Centricity, Communications
Expert Commentary
- Top Story
- Opinion of the Week
- Industry Insight
- View from the Top
- Editor's Choice
- Investment Strategy
Regulation Puts Squeeze On Global Wealth Industry - RBC/Capgemini
The rising level of financial sector regulation means that fewer firms will be able to offer the full suite of wealth management products, according to the RBC/Capgemini World Wealth Report.
Tom Burroughes
19 June 2013
Guest Opinion: An Earnings Report Every Hedge Fund Manager Should Review
Here Diane Harrison, principal and owner of Panegyric Marketing, argues that the debate over fees in the hedge fund industry often focuses on the wrong topics.
Diane Harrison
20 March 2013
Q&A: Rockefeller & Co's Jimmy Chang On The Investment Environment
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
Harriet Davies
4 April 2013
INTERVIEW: Regular Risk Reviews Gain Traction In The Family Office World
The period between 2008 and 2012 saw an uptick in risk reviewing business at New York’s Rothstein Kass Family Offices Group, says partner Evan Jehle.
Harriet Davies
9 April 2013
FEATURE: Twins And The Business Of Family
Building functionality into a family’s business affairs involves defining each person’s role but it’s never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
Charles Lowenhaupt
8 April 2013
Guest Opinion: Diversification In The Age Of Globalisation
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
Marc Odo
25 March 2013
