07/04/2024
Verdi - Agreement reached in wage dispute at German private banks
Salaries for junior staff are to increase by a total of 250 euros.
Wealth and Asset Management
07/04/2024
Utmost Group announces the proposed acquisition of Lombard International
The Acquisition encompasses Lombard International’s leading European business. Lombard International will become a part of Utmost International, the international life assurance business of Utmost Group.
07/04/2024
REYL Intesa Sanpaolo and Villars Institute partner to promote a nature-positive, net-zero economy
The partnership will have a particular focus on communities at the forefront of biodiversity loss and climate change.
07/04/2024
Hong Kong is emerging as the GBA’s wealth management ‘super connector’
Initially launched in 2021, the WMC aims to connect capital markets within the GBA.
07/03/2024
LLB acquires Zürcher Kantonalbank Österreich AG
This transaction aligns with the LLB Group’s strategy and will see it increase its business volume by around CHF 3 billion.
07/03/2024
Evidence continues to support a start to Fed easing later this year
US 10-year yields fell 15 basis points in June, following a drop of 17 basis points in May.
07/03/2024
UBS Advisor David Schachter Named to the Forbes Best-In-State Wealth Advisors list
He is a hard-working, tireless advocate for his clients who will stop at nothing to provide the best of UBS to his clients.
07/03/2024
UBS Loses Prestige Mandate After 26 Years
The decision was made by the board of directors of Compenswiss last December.
07/03/2024
Are team-based advisory practices better positioned for growth?
This trend is even more pronounced among the largest advisory practices: 94.5% of practices with more than $500 million in AUM operate in a team-based structure, compared to only 5.5% that are solo practitioners.
07/03/2024
Futu Announces Its Wealth Management Business Surpassing $10 billion in AUM
Futu’s fully-owned subsidiary, Moomoo Securities Malaysia Sdn. Bhd., has recently received approval for Institutional UTS Adviser registration
07/03/2024
FCA approves PE takeover of Mattioli Woods
Pollen Street’s takeover of the AIM-listed advice and wealth
07/03/2024
Wealth managers expect inflows surge into ‘extremely cheap’ UK equities
The survey revealed 88% of wealth managers and financial advisers believe UK retail investors will increase allocations to the asset class in the next six months.
07/03/2024
AstroBank wins international recognition for the second consecutive year
Best Bank in Cyprus for 2024 in Private Banking
07/03/2024
PIMFA pushes FOS on CMCs
PIMFA argues that a case fee of £250 for CMCs and Professional Representatives does not act as a disincentive to bring forward targeted block cases against firms that have little chance of success.
07/03/2024
Private banks professionalise philanthropy services
Private banks are increasingly seeing philanthropy as a way to encourage deeper engagement with wealthy family investors, particularly when dealing with the hard-to-please ‘next generation’ of clients.
07/02/2024
Heather Krause named to the Forbes Top Women Wealth Advisors Best-In-State list
This is the second year in a row that she has been named to this list.
07/02/2024
Bank Dhofar's Kapoor on its 'pure private banking play'
The bank recently unveiled its new private banking segment, becoming the latest to serve Oman's burgeoning wealthy.
07/02/2024
HIGHVERN Announces Mid-Year Promotions
The leading independent fiduciary, corporate and fund services provider has made these promotions following fifteen promotions across multiple jurisdictions end of last year.
07/02/2024
Wealth manager EV Digital Invest Assets Management AG awarded top 5-star rating by Capital business magazine
With an outstanding result for EV Digital Invest Assets Management AG: it was one of only 10 wealth managers to receive the highest rating of 5 stars.
07/02/2024
Trending issues in Taiwan's wealth management market
With Taiwan historically being excluded from the Common Reporting Standard network, this has posed a dilemma to financial institutions when it comes to money laundering issues.