Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Xcap rebrands as Hume Capital

Xcap rebrands as Hume Capital

Xcap Securities has rebranded itself as Hume Capital Securities to reflect the name of its wealth management division.

In a statement to the stock exchange, the firm said: ‘This name change is part of the repositioning strategy adopted by the board last year and reflects the significant changes that have been made to the business over the past 12 months.

‘The new name aligns the two main aspects of Hume’s business, capital markets and wealth management where the focus is on an integrated solution for its clients.’

Xcap acquired Hume Capital in October 2012, the latter having been founded in 2007 by former Credit Suisse Private Bank global chief investment officer Nitin Parekh, who remains as the group’s chief executive.

In June last year the Financial Conduct Authority (FCA) fined Xcap £120,900 for failing to protect client money and assets adequately, the regulator’s first client asset case under its new penalty regime.

The fine represented 2% of Xcap’s average client money balance plus 0.2% of its average client asset balance over the period of the breaches.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter