Updated Saturday, April 19, 2014 as of 5:31 AM ET
Deutsche Bank Snags Barclays Advisor
Financial advisor Christopher Guttilla and client analyst Erica Mongello have left Barclays to join Deutsche Bank’s wealth management unit at its New York office.
Guttilla has worked in the financial services industry for more than 25 years. He started his career at Rooney, Pace in 1985, according to FINRA documents.  He later worked for Oppenheimer & Co. and then PaineWebber, before joining Lehman Brothers in 1999.   more »
More in Industry
Morgan Stanley Wealth Management's profits were up for the first quarter, following strong growth in fee-based assets and interest income. Overall, the bank's profits grew to $1.5 billion in the first quarter of 2014. more »
Bank of America’s wealth management unit reported a modest increase in profits and a surge in advisor productivity, but the bank suffered a net loss for the quarter as litigation expenses related to the financial crisis rose to $6 billion. more »
New York’s top banking regulator sent a subpoena to Credit Suisse Group last week as he examines whether its private bank helped clients evade state taxes, a person with knowledge of the matter said. more »
Credit Suisse Group AG, the second- biggest Swiss bank, reported a slump in first-quarter earnings as a drop in debt trading weighed on investment-banking profit. more »
The wealth management industry has weathered recent storms and is set to set to meet future challenges, says Morgan Stanley's Greg Fleming more »
Profits for the firm's wealth, brokerage and retirement division surged in the first quarter, up 41% year-over-year. And with $19 billion in cash on the firm's balance sheet, are acquisitions in store? more »
Switzerland's biggest bank hired 88 advisors this year to service rich Asian clients after assets at its wealth management business in the region jumped 38% in the past two years. more »
Employees are putting more money into their 401(k) plans and Health Savings Accounts, according to a new study from Bank of America Merrill Lynch. more »
A graying workforce. A homogenous culture. New technologies. With its future at stake, the wealth management industry is finally confronting its many challenges. more »
Benjamin Edwards is luring away talent from Wells Fargo, boosting its presence in the Midwest and New England. more »
Former UBS banker Mark Zaino walked out of court a free man Thursday after a federal judge chose to impose no further sentence on him for his role in rigging municipal bond contracts. more »
An advisor team which managed more than $600 million in assets at Merrill Lynch has left the firm to join Morgan Stanley. more »
Former Bank of America Chairman Kenneth Lewis agreed to a three-year ban on serving as a public company's officer or director and to pay $10 million to settle claims by New York's attorney general that he misled investors about the bank's 2009 purchase of Merrill Lynch. more »
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