- July 22, 2010 - Morgan Stanley's Wealth Arm Swings Back Into Profit, Revenues Rise
Morgan Stanley’s wealth management business enjoyed a sharp jump in revenues and pre-tax income in the second quarter of 2010, the Wall Street financial firm said today. Pre-tax income rose to $207 million, against a comparable loss for a year ago of $71 million.
Net revenue rose to $3.
- July 20, 2010 - Quilter Pushes On With Regional Expansion
Quilter has appointed Keith Edwards as a senior investment manager at the firm’s Salisbury office, in a bid to continue its regional expansion drive.
Edwards joins the investment management firm from Church House Investments, where he was a director.
For Quilter, part of the Morgan Stanley Smith Barney group, the appointment follows that of Wilf Blake, who was appointed as an investment manager at its Bristol office in April 2010.
- July 20, 2010 - Morgan Stanley PWM Appoints Head For US
Morgan Stanley Private Wealth Management has appointed a new head for the US, serving ultra high net worth clients, the US banking and brokerage giant said today.
The position of head of the wealth management division had been opened, a spokesperson said.
The segment, which is part of Morgan Stanley Smith Barney, said Douglas Ketterer most recently served as chief operating officer of wealth management, US, in MSSB.
- July 16, 2010 - UK Wealth Manager Sees Two Senior Departures
Brewin Dolphin, the UK-based wealth management firm, sees the departure of Colin Wickens, head of the firm’s Llandudno office in the north of Wales, and Matthew Gilman, its divisional director, the firm confirmed to WealthBiefing.
The two men will reportedly join the Liverpool office of Quilter, the UK investment manager which is part of Morgan Stanley Smith Barney, according to Citywire. A spokesperson at Quilter was yesterday unable to confirm these moves when contacted by WealthBriefing.
- July 15, 2010 - There Is More To Transparency Than Data - BK Communications Group
Summary
Transparency has typically been equated with access to data (trade, exposure, valuation, etc. ), but the financial crisis and fund scandals have led clients, investors, as well as regulators to demand more. Major surveys and anecdotal evidence indicate communication is now in demand.
- July 15, 2010 - Morgan Stanley Rolls Out UK Equity Structured Product Plans
In a move to give investors more protection in a volatile market, Morgan Stanley announced yesterday that it has launched a new income and growth plan based on the FTSE 100 Index of blue-chip UK stocks.
The FTSE Income Plan 2 offers investors an income of 7. 5 per cent annually, regardless of how the FTSE 100 Index performs, bar certain conditions.
- July 15, 2010 - Barclays Wealth Reissues FTSE 100 Structured Product
Barclays Wealth has reissued its FTSE Returns Plan, a product it says is aimed at investors seeking “respectable” capital gains without undue risk to their original investment.
The six-year FTSE Returns Plan offers investors a return of two times the first 22. 5 per cent rise in the FTSE 100 Index of blue-chips, up to a maximum of 45 per cent.
- July 15, 2010 - Quilter Expands Liverpool Office
Quilter, the UK investment manager which is part of Morgan Stanley Smith Barney, is continuing to implement its regional expansion strategy and has appointed Philip Brown as a consultant at its Liverpool office, charged with developing client relationships in North Wales.
Prior to his appointment at Quilter, Brown worked at Brewin Dolphin in North Wales for ten years.
“Liverpool is one of Quilter’s longest established offices and Philip’s experience will be invaluable as we continue to develop our services to private investors in North Wales and the North West of Engl.
- July 14, 2010 - Barclays Wealth Appoints Head Of Ultra High Net Worth, UK And EMEA
Barclays Wealth has appointed Stefanie Drews to the newly created position of head of ultra high net worth, UK and EMEA, as it continues to build out this business segment.
Drews joins the firm from Morgan Stanley Wealth Management, where she worked for 13 years, latterly as managing director in the EMEA region. In her new role at Barclays Wealth, which she is due to take up in the autumn, Drews will be responsible for further developing the UHNW team, which works across Barclays’ corporate, investment banking and wealth management businesses.
- July 12, 2010 - Morgan Stanley Lauds European Stress Tests On Banks
Regulators’ “stress-tests” on 91 European banks are likely to be more rigorous and disclose more detail than investors currently expect, according to Morgan Stanley.
The tests, designed to see how much damage would be done to banks’ capital strength and liquidity in the event of market shocks, are being conducted to avoid a repeat of recent financial blowups. Banks will be tested to see how they fare in the event of a shock to interest rates, government bond markets, and other events.
