07/27/2023
J.P. Morgan Private Bank announces new U.S. Family Office Practice
The U.S. Family Office Practice will be led by William Sinclair, a 17-year veteran of J.P. Morgan and a member of the U.S. Private Bank Operating Committee.
Wealth and Asset Management
07/27/2023
Digital platforms have potential to tap into next-gen wealth in Asia
Wealth management sectors in key markets across region are set to bloom over the medium to long term
07/27/2023
SJP caps fees for long-term clients in response to consumer duty
This includes a decision to reward clients with long-term investments through an annual product management cap on bond and pension investments after they have been invested for 10 years.
07/27/2023
Zurich-based ESG boutique cooperates with German distributor
Collaboration will start in the second half of 2023.
07/27/2023
SJP shares sink on £859m consumer duty fee cut and stalling flows
Clients rush to cash instead of funds, hitting SJP as regulation changes fee model.
07/27/2023
Vontobel delivers a robust result for the first half of 2023
As a result, institutional investors remained on the sidelines, while private investors sought a professional partner to advise them on how to manage their wealth.
07/27/2023
GKB with higher earning power and a positive outlook
The outlook for the year as a whole is therefore more positive than expected.
07/27/2023
Standard Custody partners with L1 Advisors for new era of digital asset management
The collaboration ushers in a new era of digital asset management, providing financial advisors with a hybrid approach to digital asset custody, management, and advisory for the first time.
07/27/2023
Schroders plc - Half-year results to 30 June 2023 (unaudited)
Mutual Funds and Institutional felt the impact of the “risk-off” market sentiment and saw net outflows of £0.8 billion and £5.3 billion, respectively.
07/27/2023
Coutts CEO Peter Flavel to step down over Farage account row
The ousting of Flavel is one of the first actions taken by NatWest's new interim CEO Paul Thwaite
07/26/2023
Private Banks Split on China Rebound Call
As of late, the spotlight has been placed on Beijing’s commitment to monetary as well as fiscal stimulus, and whether this will be enough to boost growth momentum.
07/26/2023
Goldman to expand wealth arm in Emea, despite cuts elsewhere
Co-heads of wealth management Emea – Stefan Bollinger and Christopher French – explain the rationale behind hiring advisers despite job cuts in other parts of the business.
07/26/2023
EFG International: Record profit of CHF 147.6 million (+47%)
Net new assets totalled CHF 3.0 billion, corresponding to an annualised growth rate of 4.2%, within EFG’s target range of 4-6%.
07/26/2023
GAM Responds to Newgame Claims
As a public company GAM has an obligation to ensure that information it discloses is accurate and transparent
07/26/2023
UBS Not Out of the Woods in Forex Case
While the case was closed years ago at the regulatory level, the civil law resolution drags on.
07/26/2023
Nugenis Awards Bordier UK £200M Mandate
We enjoy a great working chemistry with the Nugenis team and look forward to building the relationship.
07/26/2023
Rathbones takes £6m fee freeze hit waiting on Saunderson House deal
‘We have chosen not to charge investment advisory fees to clients’
07/26/2023
Nucleus launches improved cash panel on James Hay platform to help advisers make their customers’ cash work harder
There are currently 26 different account options up from the three that were previously available, providing greater flexibility and enabling more customers to take advantage of the higher interest rates on offer.
07/26/2023
Conyers Recognised in Chambers High Net Worth Guide
Newly ranked this year is Cayman Counsel Wesley O’Brien as an Associate to Watch.
07/26/2023
Julius Baer to end business with Russia-based clients
The wealth manager said it will drop all Russia-domiciled clients by the end of the year as a result of the widening spate of sanctions.