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Ansbacher to sell wealth management divisions

18:39 | 06 Jan 2009 | By Sara Smith

Citywire undertands that Ansbacher Group has put its London and Channel Islands based wealth management operations up for sale.

Tenet appoints Richards to take Sinfonia helm

18:01 | 06 Jan 2009 | By Maryrose Fison

Tenet has announced ex-Barclays distribution director Andy Richards as the new managing director for its asset management arm Sinfonia Asset Management. 

Jupiter's Gibbs remains cautious but eyes insurance sector

16:15 | 06 Jan 2009 | By Matthew Goodburn

Jupiter's financials veteran Philip Gibbs is eyeing selective opportunities in the insurance sector despite his continuing bearish stance on the outlook for global financials.

McCann ends 26-year Merrill Lynch stint

11:55 | 06 Jan 2009 | By Sara Smith

Merrill Lynch's head of global wealth management, Bob McCann, is leaving the firm voluntarily after 26 years at the company.

Killik offers advisory clients greater access to company materials

09:46 | 06 Jan 2009 | By Drazen Jorgic

Paul Killik, a senior partner at the wealth management group,  believes the improvement in direct communication from companies will enhance shareholder democracy.

Private clients hammered by bear market

09:01 | 06 Jan 2009 | By Dylan Lobo

The iron grip of the bear market has wiped out all private client returns above cash in the last five years, according to the latest estimates from Asset Risk Consultants (ARC).

Thinc becomes Bluefin from tomorrow

16:18 | 05 Jan 2009 | By Maryrose Fison

Thinc Group will tomorrow assume the new name of Bluefin Wealth Management as part of a planned rebranding strategy

Private investors shun UK stockmarket

13:50 | 05 Jan 2009 | By Dylan Lobo

Private investors owned the smallest percentage of the UK equity market in history at the end of 2008, according to research from Capita Registrars.

ABI relaxes share issue rules to help companies raise cash

10:44 | 05 Jan 2009 | By Iain Martin

The Association of British Insurers has relaxed its share issue rules to allow companies to create new shares worth up to two-thirds of their existing capital without holding an extraordinary shareholder meeting.

IMA figures reveal November a bumper month for retail fund sales

15:41 | 23 Dec 2008 | By Drazen Jorgic

November saw the best retail fund sales in 18 months, the latest IMA report reveals.

Loanmakers languishes in lending squeeze

12:46 | 23 Dec 2008 | By Iain Martin

Loanmakers, the master broker hit by the exit of First Plus from secured lending in August, has fallen to a £1.6 million pre-tax loss in its half-year results.

Mortgage brokers banned after doctoring reports

10:45 | 23 Dec 2008 | By Iain Martin

Two brokers have been banned by the Financial Services Authority for doctoring official reports.

Nectar founder launches campaign against Coutts for AIG exposure

11:11 | 19 Dec 2008 | By Dylan Lobo

The man behind Airmiles and Nectar loyalty cards, Sir Keith Mills, has launched a public campaign against Coutts following heavy losses suffered from exposure to AIG bonds.

Standard Life to market direct to consumers next year

17:30 | 18 Dec 2008 | By Edward Lander

Standard Life is planning to promote its products direct to customers in 2009 as part of the group’s revamped marketing strategy.

Announcement of buyer for SocGen UK arm expected imminently

14:04 | 18 Dec 2008 | By Matthew Goodburn, Charlie Parker

Citywire sources indicate that news of the buyer for Société Générale's UK arm could be released within 24 hours.

Prestbury set to wind-up its network as cash runs out

12:40 | 18 Dec 2008 | By Richard Harris

Mortgage and GI network Prestbury Financial has been served with a winding-up order after failing to find money to pay creditors.

Blue Oar attacks 'derisory' Evolve bid

10:26 | 18 Dec 2008 | By Dylan Lobo

Blue Oar has slammed its former founder's offer for the firm in a detailed 34-page defence document.

Burns-Anderson adds staff and professional connections

13:30 | 17 Dec 2008 | By Richard Harris

Bristol-headquartered IFA Burns-Anderson is expanding under new managing director Colin Sutton, as it seeks to distinguish itself from the network of the same name.

Adviser raises £6,000 with Himalayan hike

13:07 | 17 Dec 2008 | By Richard Harris

Pace Financial Solutions co-founder David Knight faced sub-zero conditions to raise money for MacMillan Cancer Support, with his third biannual trek for the charity.

Bestinvest appoints Gartmore veteran Collins to board

12:25 | 17 Dec 2008 | By Richard Harris

Former Gartmore managing director Adrian Collins has joined Bestinvest in a non-exec role to brainstorm new business opportunities, while new accounts reveal an £8.4 million profit in the year ended 31 May.

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