Asset Management
Daily News Analysis
New York Asset Management Firm Names Chief Executive
10 June 2013
New York-headquartered W P Stewart & Co, the global asset management firm, has named Michael Maquet as chief executive. Maquet joins other members of the firm’s senior management team, which includes Mark Phelps, president and managing director within global investments, and James Tierney, managing director and chief investment officer . The firm had not confirmed who Maquet replaces as CEO at the time of publication.
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US Private Equity Houses Buy 50 Per Cent Stake In Major Spanish Asset Manager
31 May 2013
US private equity firms Warburg Pincus and General Atlantic have agreed to buy a 50 per cent stake in the asset management arm of Santander, Spain’s largest bank, confirming media reports earlier this week that a deal had been done. “Santander reaches agreement with Warburg Pincus and General Atlantic to grow its global asset management business,” the bank said in a statement today . This is not the first foray by Warbug Pincus into a Santander-owned operation.
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UK’s Aberdeen Confirms Commitment To US With Acquisition
22 May 2013
Aberdeen Asset Management has completed the deal to buy US-listed Artio Global Investors for a sum of $179. 7 million, based on a price of $2 . 75 per share, following the firm’s announcement in February.
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BMO Global Asset Management Makes Senior Hires In Chicago, Las Vegas
20 May 2013
BMO Global Asset Management has hired Don Borschel as director of national accounts in Chicago, IL, while Jeff Cole rejoins the firm as a relationship coordinator for BMO Taft-Hartley Services in Las Vegas, NV. Borschel will join the intermediary distribution team, responsible for distributing BMO Global Asset Management investment strategies and BMO Funds to the bank channel and various broker-dealer platforms . Meanwhile, as part of the original team that established BMO’s Taft-Hartley Services business line in 2002, Cole rejoins as a relationship coordi.
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CIBC Global Asset Management Names Chief Investment Officer
20 May 2013
Canada-based CIBC Global Asset Management has made two senior appointments, including a chief investment officer, to strengthen its portfolio management team. Suzann Pennington has been appointed managing director and CIO, while Stephen Carlin starts as a vice president and senior portfolio manager for Canadian equities . Pennington will oversee all of CGAM’s portfolio management and research efforts, but will remain as head of equities and continue to manage the Canadian all-cap mandate, the firm said.
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Features
FEATURE: A Look At The Mexican High Net Worth Client Market
2 April 2013
Mexico is home to the world’s richest man in the form of telecoms magnate Carlos Slim, but its wealth management market has not received the attention of Brazil’s. That may be changing as the emerging economy garners attention from the industry.
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FEATURE: Many Generation Y Donors Are "Taking The Reins" In Philanthropy
4 March 2013
A rising number of young individuals are “taking the reins” on their families’ philanthropic efforts, says Rebecca Eastmond, head of philanthropic services for EMEA at JP Morgan Private Bank.
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Executive Search Firms See Continued Jobs Ferment In North America Market
8 February 2013
This publication recently spoke to a number of wealth management executive search firms about their views about trends in the industry and issues to watch this year.
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INTERVIEW: Private Banking In US Bright Spot For Credit Suisse
2 November 2012
As part of a series interviewing some of the most senior people at the world’s best-known private banks, here Family Wealth Report contributing editor Charles Paikert sits down with Credit Suisse’s Anthony DeChellis.
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EXCLUSIVE INTERVIEW: Clients Must Drop Investment Assumptions To Protect Wealth - Presidio Group
19 October 2012
Wealthy individuals and their advisors must realize that volatility is not the same as risk and accept that market gyrations can be a price worth paying if it means avoiding permanent losses, says Presidio Group.
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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
