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...Lloyds is two years in to a £4bn, five-year investment plan to diversify its income away from mortgages towards income streams less dependent on interest rate changes including wealth management and insurance...
...He is also bringing an unfair dismissal claim against Accenture after he was made redundant as part of the firm’s plans last year to cut roughly 19,000 positions globally....
...The wealth manager guarantees these loans, which are drawn from a consortium of external banks....
...The fund’s assets under management totalled $9.5bn at the end of last year, up by a third from 2022....
...All the cases shared similar traits — employees were mentioning conditions such as autism and ADHD for the first time once they had been put on some form of performance management plan or were facing dismissal...
...“We’ve increasingly seen diverging generational attitudes towards wealth management, how wealth should be invested, and how family businesses should be run or sold,” comments Azim at RBC....
...The answer, I think, is “stakeholder management”. Way back in 2020, the Labour leadership made a whole bunch of warm noises about racial equality....
...“In a global context, the performance remains disappointing,” said Frédérique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia....
...Present shareholders, which include the sovereign wealth funds of China and Abu Dhabi, last month declared Thames Water “uninvestable” and backtracked on plans to inject a further £500mn into the business...
...“This underscores concerns about potential erosion of family wealth over time. Consequently, there’s a growing focus among families to plan for succession.”...
...According to people involved in UBS’s plans for its US wealth business, the bank is looking to replicate moves made by Morgan Stanley in recent years....
...The FT’s Money Clinic podcast wants to speak to couples who have signed, or plan to sign, a prenup. How did you broach the conversation with a potential spouse — and how did they react?...
...The California Public Employees’ Retirement System has named a former top executive at the New Zealand sovereign wealth fund to direct the largest US public pension plan’s investments following the abrupt...
...There are always a lot of different interests to manage at the top of a pension plan, but the psychodrama between the board, plan members, the investment staff, the media, and local, regional and national...
...Although Close Brothers specialises in corporate lending, wealth management and securities trending, it has had a motor finance arm since 1988....
...More than two dozen buyout groups, including Apollo, TPG, Warburg Pincus and Advent International have committed to a plan called Ownership Works that aims to generate more than $20bn in wealth for workers...
...The wealth manager talks of bringing in private equity to help with partner financing. Given its £159bn of assets under management, SJP will get attention....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...The deal would elevate BHP to rank as the world’s largest copper producer, up from the third largest currently, according to RBC....
...Anglo has sounded out potential buyers of its De Beers diamond business, including Gulf sovereign wealth funds, luxury houses and wealthy individuals in recent weeks, according to two people familiar with...
...management at Goldman Sachs....
...Chief Jane Fraser recently hired Andy Sieg, the former president of Merrill Lynch Wealth Management, to revive the bank’s wealth business....
...“The heirs to billionaires are gaining prominence,” said Benjamin Cavalli, UBS’s head of global wealth management strategic clients....
...Capital Group employed ETF specialists who were considered salespeople that worked alongside wealth management consultants, who were wholesalers, Davis said....
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