Citywealth News
11 Aug 2010
RBS appoints new head of Wealth Division
RBS appoints Rory Tapner as new Head of Wealth Division RBS announced that Rory Tapner has been appointed CEO of RBS Group’s Wealth Division. He joins the bank from UBS Group, where he was a member of the Group Executive Board. Read more...
06 Aug 2010
BOA Merrill Lynch WM hire from HSBC
Edward Raymond has joined BOA Merrill Lynch WM as Senior Portfolio Manager within the Merrill Lynch Portfolio Management (MLPM) business. Read more...
22 Jun 2010
Maitland hires former Cains’ lawyer Daniel Mackelden as a partner in its London office
Mackelden most recently headed up the London office of offshore law firm Cains joins Maitland as a partner in its legal advisory group. He has over fifteen years’ experience as a cross-border corporate, banking and finance lawyer. Prior to Cains he worked at Walkers and originally trained and qualified at Linklaters. As well as continuing with fee-earning, his new role will include working across Maitland’s private client, corporate commercial and investment funds practice groups to strengthen ties with existing and new clients. Read more...
22 Jun 2010
The most talked about and colourful Elephant Parade is coming to an end
At the end of the month there will be an auction of thirty one designer and collectable elephants from the elephant parade at Sothebys. Registration is now open, contact Karen Jones, Citywealth for information. There is phone bidding with the Sotheby's team available on the night. Read more...
14 Jun 2010
The OECD and UNCTAD have commend G20 countries for avoiding new protectionist barriers to inward investment
The OECD and UNCTAD have commended G20 countries for avoiding new protectionist barriers to inward investment, while warning that continued vigilance is needed in the face of emergency measures to address the economic crisis that still pose a threat to competition and international investment. In their third report to the G20 on this issue, the two organisations find that “by and large, G20 governments have continued to honour their commitment to refrain from raising new barriers to international investment.” Read more...
10 Jun 2010
Fidelity China Special Situations PLC joins FTSE 250 Index
Anthony Bolton, Manager of the Fidelity China Special Situations portfolio, added, “Fidelity China Special Situations’ inclusion in the FTSE 250 Index is good news. I have been travelling extensively in China and meeting the management of a large number of companies in order to find the best investments for the portfolio. I have been able to make the most of the market correction to purchase companies at attractive valuations and have now fully invested the proceeds from the Initial Public Offering. Read more...
10 Jun 2010
Matrix delivers positive returns in May for its Asia hedge fund
The Matrix Asia Fund, a long/short equity fund managed by Rupert Foster, returned +1.32% in May adding value on both the long and short books and outperforming the MSCI Asia Index by 11.16% for the month. Year-to-date the Fund is up +9.58% whilst the MSCI Asia Index has returned -5.79%. Since inception on 08/08/08, the Matrix Asia Fund has outperformed the MSCI Asia Pacific Index by 64.6% returning 50.5% (to 31 May 2010). Read more...
10 Jun 2010
Stephen Eggins joins Coutts Private Office as a Senior Partner
Coutts Private Office has appointed Stephen Eggins as Senior Client Partner. Based in London and reporting to Duncan MacIntyre, Stephen will look after the financial affairs of ultra-high-net-worth clients, whose assets will typically exceed £30m net, or those who have more than £10m above lifestyle to be invested. Read more...
07 Jun 2010
New date for Jersey Finance London Wealth Management Conference
Jersey Finance has announced that its annual Trust and Private Wealth Conference in London will now take place on Tuesday 6th July, having been postponed from April as a result of travel disruption caused by volcanic ash. The conference, which will now be a breakfast event starting from 8am, will retain its planned focus on the implications for the wealth management sector of the rise of the emerging ‘BRIC’ economies and the sharp contrast with the increasingly troubled Eurozone economies. Read more...
07 Jun 2010
BNP Paribas, Fortis and Insinger de Beaufort brand as one: Ligia Torees Head of WM
BNP Paribas is to combine BNP Paribas'existing private banking activities with those of Fortis Private Investment Management and Insinger de Beaufort UK under the BNP Paribas Wealth Management brand. The new business manages over £5.5bn in assets and employes 130 people and will be led by Ligia Torres. Read more...
