wealth

Desjardins, credit union centrals, Cumis to form Aviso Wealth

1 day ago DieselGasoil Comments Off on Desjardins, credit union centrals, Cumis to form Aviso Wealth
(Reuters) – Canadian asset manager Desjardins Group is partnering with five credit union centrals and insurer Cumis Group to form a wealth management firm with about C$55 billion ($42.74 billion) in assets under management. The new entity, Aviso Wealth, will be equally owned by Desjardins and a partnership between the credit union centrals and Cumis, Read More

Wealth manager Brown Shipley creates head of London office role

2 weeks ago DieselGasoil Comments Off on Wealth manager Brown Shipley creates head of London office role
(Reuters) – UK-based wealth manager Brown Shipley said Andrew Butler-Cassar will be its head of London office, a newly created role, effective Jan. 8 next year. Butler-Cassar has over 20 years of experience, including the last four as head of private office at Investec Wealth & Investment. At Brown Shipley, he will focus on the Read More

Oil industry shows signs of life after Norway wealth fund shock

3 weeks ago DieselGasoil Comments Off on Oil industry shows signs of life after Norway wealth fund shock
A week after Norway’s $1-trillion sovereign wealth fund said it wanted to get out of oil and gas investments, the latest spending plans from oil companies show how the country’s not about to quit petroleum. Oil companies operating offshore Norway increased their investment forecast for next year and could add billions of kroner more over Read More

Norway's $1 trillion wealth fund looks to dump oil & gas stocks

4 weeks ago DieselGasoil Comments Off on Norway's $1 trillion wealth fund looks to dump oil & gas stocks
The global campaign to divest from fossil fuels may have just picked up its most significant ally to date – the largest sovereign wealth fund in the world. Norway’s trillion-Dollar sovereign wealth fund has proposed dropping investment for oil and gas companies. The plan, backed by the central bank, still needs approval by the finance Read More

Arrested Saudi royals must cough up 70% of their wealth in exchange for freedom – report

4 weeks ago DieselGasoil Comments Off on Arrested Saudi royals must cough up 70% of their wealth in exchange for freedom – report
Published time: 17 Nov, 2017 11:51 Riyadh seems to have found the way to curb the budget deficit caused by lower oil prices. As the Financial Times report, Saudi officials are offering the arrested royals a deal – pay up to 70 percent of your wealth and go free. The Saudi government could appropriate hundreds Read More

Norway's $1-trillion wealth fund wants out of oil and gas stocks

4 weeks ago DieselGasoil Comments Off on Norway's $1-trillion wealth fund wants out of oil and gas stocks
By Sveinung Sleire on 11/16/2017 OSLO (Bloomberg) — Norway’s $1 trillion sovereign wealth fund proposed dumping about $35 billion in oil and gas stocks, including Royal Dutch Shell and Exxon Mobil, to protect the economy of western Europe’s biggest petroleum producer. The nation will be “less vulnerable” to a drop in oil by not being Read More

Norway's $1 trillion wealth fund wants out of oil and gas stocks

4 weeks ago DieselGasoil Comments Off on Norway's $1 trillion wealth fund wants out of oil and gas stocks
By Sveinung Sleire on 11/16/2017 OSLO (Bloomberg) — Norway’s $1 trillion sovereign wealth fund proposed dumping about $35 billion in oil and gas stocks, including Royal Dutch Shell and Exxon Mobil, to protect the economy of western Europe’s biggest petroleum producer. The nation will be “less vulnerable” to a drop in oil by not being Read More

Global wealth – a rising tide lifts all yachts: McGeever

4 weeks ago DieselGasoil Comments Off on Global wealth – a rising tide lifts all yachts: McGeever
(The opinions expressed here are those of the author, a columnist for Reuters.) By Jamie McGeever LONDON (Reuters) – As the debate over wealth inequality rages, a paradox is expected to play out over the next five years: the share of people in the lowest strata will decline, while the wealth of the world’s richest Read More

Richard Fuld-led Matrix Wealth rebrands; expands to Los Angeles, Florida

1 month ago DieselGasoil Comments Off on Richard Fuld-led Matrix Wealth rebrands; expands to Los Angeles, Florida
(Reuters) – New York-headquartered Matrix Wealth Partners, led by former Lehman Brothers chief executive Richard Fuld, rebranded itself as Matrix Private Capital Group and expanded to Florida and Los Angeles. The firm offers investment solutions to wealthy, family offices and institutions. Reporting By Aparajita Saxena in Bengaluru; Editing by Saumyadeb Chakrabarty Our Standards:The Thomson Reuters Read More

Prudential's U.S. life business enters private wealth market

1 month ago DieselGasoil Comments Off on Prudential's U.S. life business enters private wealth market
(Reuters) – Prudential Plc’s U.S. life insurance business Jackson has set up a private wealth and trust arm to manage the investments and finances of very wealthy clients. Jackson National Life Insurance Company, which provides retirement products and income strategies for clients in the United States, said it had created an investment-only, tax-deferred variable annuity Read More