09/03/2013
About 35,000 Global Bank Employees May Face EU’s Bonus Curbs
The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.
Wealth and Asset Management
08/29/2013
Investment One Acquires Nigfund From Fidelity
The Bank's transfer of the fund management right and responsibilities is in compliance with Central Bank of Nigeria policy which directed all banks to divest from their non-core financial services.
08/28/2013
RBC Posts Record Profit of $2.3-billion, Hikes Dividend
Royal Bank of Canada’s profit soared to new heights in the third quarter as the bank reported record earnings of $2.3-billion.
08/27/2013
Commission is the foundation for extending financial advice to South Africa's poor
Financial advisers who use the Old Mutual Wealth platform will have to negotiate a fee-for-service with their clients.
08/26/2013
Old Mutual has big plans for its wealthy clients
We have sourced the capability in terms of the information technology required
08/25/2013
Millionaires Abound in Major African Cities, a study finds
Johannesburg has the top number of millionaires on the African continent with some 23,400 very rich people
08/22/2013
Survey: Nairobi’s superrich numbers up
The newly ranking released by New World Wealth indicates Nairobi is growing at the fastest rate only second to Ghana’s Accra.
08/19/2013
Old Mutual’s new wealth unit to offer ‘integrated, holistic’ service
Each of the seven business units that have been drawn into the wealth division bring different strengths, he said.
08/19/2013
Forbes Blasts Rise of Africa’s Richest Woman as Corrupt, “Kleptocratic”
With more money comes more scrutiny and Isabel Santos the richest woman in Africa is no exception.
08/19/2013
A world without financial product commissions?
radley believes advisors and the financial services companies play an important role.
08/11/2013
CBA launches exclusive suites for the wealthy
The suites will target salaried individuals with a net income of Sh300,000
08/11/2013
Sanlam Private Wealth snaps up two more client banks
Samlam Private Wealth has bought two more financial planning client banks
08/06/2013
Old Mutual operating profit rises on robust cash flows
unds under management up 9% to £289.3 billion
08/06/2013
Accra tipped to be Africa's fastest growing city by 2020
Ghana's capital, Accra, has been tipped to be the fastest growing city for Africa millionaires starting from the end of 2012 to the year 2020.
08/05/2013
South Africa's Nedbank H1 profit up 13 pct on fee income boost
The group benefited from its portfolio of diverse businesses and strong performances in the wholesale and wealth businesses resulted in overall headline earnings growth of 13,3%.
08/05/2013
Standard Chartered Knocked By $1bn Korean Business Hit
Standard Chartered, which makes more than 90% of its profits in Asia, Africa, and the Middle East, said Korea remains its most difficult market and that it was writing down the value of the business.
08/05/2013
Wealth manager tests African investments
Africa is evolving, fast. Technology is helping.
08/05/2013
Johannesburg is home to the rich and richer
Johannesburg was the city with the most millionaires in Africa last year.
08/03/2013
New-look Barclays Africa sets bar high
ABSA Group, rebranded Barclays Africa on Friday, wants to be the “go to” bank. But investors appear to be rushing elsewhere.
08/01/2013
Investec completes sale of asset management stake
The deal is aimed at aligning the interests of the employees to the long-term performance and value creation of Investec Asset Management.