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.
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 . ďThe KKR Global Institute will be the nexus of KKRís focus on the investment implications of these issues,Ē it said.
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.
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 GSAMís alternative investments and manager selection group, which manages around $120 billion of client assets.
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 firmís global financial services practice.
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.
29 April 2013
Here is a roundup of Q1, 2013 wealth management results from the largest US banks. The numbers may be revised later.
17 April 2013
Goldman Sachs Bank USA has confirmed that is has received approval to operate a private bank in the UK, following the bankís expansion plans announced in October 2012. In a filing with the UKís 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.
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.
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 firmís 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 firmís Delaware Trust Company.
News and Features
Comment and Analysis
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.
19 June 2013
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.
20 March 2013
Here, Jimmy Chang, a senior portfolio manager and a managing director of Rockefeller & Co, discusses some issues around investing in the current environment.
4 April 2013
The period between 2008 and 2012 saw an uptick in risk reviewing business at New Yorkís Rothstein Kass Family Offices Group, says partner Evan Jehle.
9 April 2013
Building functionality into a familyís business affairs involves defining each personís role but itís never easy to think differently about family members who were children at the dinner table, but are now adults around the board table.
8 April 2013
Marc Odo, director of research at software and business intelligence firm Informa Investment Solutions, discusses why diversification failed during the credit crisis.
25 March 2013