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Latest Results from /wealth

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RBS tech upgrade to cost 500 wealth management jobs

The Royal Bank of Scotland is cutting around 500 back office jobs at its wealth management division as the introduction of new technology streamlines business processes.

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HSBC data theft victim numbers rise as French authorities step up investigation

Around 79,000 customers are now believed to have been affected by the theft of data from HSBC's Swiss private banking arm by an IT employee, according to a French prosecutor who has launched a tax evasion investigation based on the information.

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Barclays plans major IT investment to lure wealthy clients

UK bank Barclays is set to spend around £200 million overhauling technology and infrastructure at its wealth management unit in a bid to win high net worth accounts.

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Wealth management IT spending to pick up in 2010 - Celent

After a tough 2009, global wealth management technology spending will see a recovery this year, rising five per cent to $3.7 billion, according to research firm Celent.

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Odyssey creates Glasgow jobs with new software development centre

Wealth management software vendor Odyssey Financial Technologies is opening a centre of excellence in Glasgow, in a move that could lead to 200 jobs in the city in the "medium term".

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FSA fines UBS £8 million for unauthorised trading losses

The Financial Services Authority has slapped an £8 million fine - its third-largest ever - on UBS for failing to prevent employees from posting unauthorised trading losses to customer accounts.

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Temenos signs Bank of Georgia to T24

Bank of Georgia (BOG) has signed for the T24 core banking system from Swiss vendor Temenos in a bid to consolidate operations on a single platform.

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Oppenheimer signs for Thomson One Wealth Management

Investment bank Oppenheimer & Co is rolling out Thomson Reuters' wealth management technology to 2500 employee desktops.

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Bravura in A$33.4 million rights issue

Australian wealth management software house Bravura is proposing to raise A$33.4 million in a rights issue to reduce its loan obligations.

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Nomura selects Avaloq core system for Asia wealth management ops

Japan's Nomura Group is rolling out core banking technology from Swiss vendor Avaloq across its Asia wealth management operations.

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Northern Trust chooses Bravura platform for move into Australia

US custodian Northern Trust has selected technology from Bravura Solutions to support its move into the Australian superannuation investment accounting market.

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Three arrested for murder of Barclays Wealth COO McGarahan

Norfolk Constabulary's major investigation team has arrested three local males in their early 20s in connection with the murder of Barclays Wealth chief operating officer Frank McGarahan.