Axa Wealth restructure puts 50 jobs at risk

“While Axa Wealth has experienced unprecedented growth, it has resulted in us being unable, at times, to devote the specialist support that we feel we need to give to different adviser segments.


Brooks Macdonald hits £3 billion

Brooks Macdonald saw discretionary assets under management jump by 11% in the final quarter of 2011 and pass the £3 billion mark.


Bank bonus dispute goes to High Court

The legal spat is likely to fan the flames of public anger at a time when high inflation, rising job losses and sharp government spending cuts eat into the livelihoods of Britons asked to bail out the banking sector in the 2008 credit crisis.


Barclays Wealth names Saudi head

Gilbert said the appointment reflects the "mounting focus" on Saudi Arabia, which is one of the region's most appealing private banking hotspots.


British asset managers hit by client withdrawals

British asset managers suffered a wave of withdrawals in the final three months of last year, as clients fretting about a deepening euro zone crisis and choppy financial markets trimmed exposure to investment funds.


Close Brothers reports asset management loss

Tough times are continuing at the Securities division of merchant banking group Close Brothers, but the Banking division continues to do well, with good growth in the loan book.