08/25/2022
Van Lanschot Kempen announces EGM related to capital return proposal
After the capital return, the CET 1 ratio will remain well ahead of Van Lanschot Kempen’s capital objective of 15%, plus an M&A add-on of 2.5% for acquisitions.
Wealth and Asset Management
08/25/2022
Bonds to Edge Equities
Both equities and bonds were under pressure last week, with the weakness particularly noticeable in the US.
08/25/2022
KB launches new premium private banking brand
KB’s new private banking services come 20 years after the firm’s first private banking brand KB Gold & Wise was established.
08/24/2022
Credit Suisse Reassigns Private Bankers
Up to one-third of relationship managers for clients booked in Switzerland will be transferred into the unit over the next few months, it adds.
08/24/2022
HSBC thrives on changing wealth management needs to deliver growth
The bank’s Investments and Wealth Solutions unit is spearheading initiatives to cater to evolving needs
08/24/2022
Allianz in Talks for Asset Management JV Partner in China
Despite the interest, the accelerated race to set up asset management joint ventures by the likes of Blackrock or Goldman Sachs has led to limited potential partners remaining in the market.
08/24/2022
UBS sells multi-billion fund platform
UBS Financial Advisors will continue to advise its high net worth and ultra high net worth clients who hold such feeder funds in their portfolios.
08/24/2022
LLB Group with higher profit
The Tier 1 ratio amounted to 18.4 per cent.
08/24/2022
RBC wealth records 4% growth in Q3 2022
In comparison to the previous quarter, net income is up $27m due to higher net interest income reflecting higher interest rates.
08/24/2022
Beacon Pointe and $600M Benchmark Private Wealth Management Join Forces in M&A Partnership
The Partnership marks Beacon Pointe's first Acquisition with a Bank Referral Relationship
08/24/2022
Abrdn on brink of FTSE ejection
The asset manager could be dropped from the FTSE 100 next week, after its share price dived this year.
08/24/2022
Swiss Asset Management Industry Prepares for Uncertain Times
The average profit margin is estimated to be 15 basis points of assets under management.
08/24/2022
Julius Baer keeps focus on wealth management opportunities in Asia
Singapore, Greater China and India are among the countries that are strategically important to the bank
08/23/2022
Citi wealth platform captures increasing investment flows in Asia
Clients invest US$5 billion mostly in fixed-income funds in past three months
08/23/2022
Standard Bank Wealth and Investment wins two prestigious Le Fonti Awards
This year, Standard Bank stood out among stiff competition, including top financial services firms and companies from around the world.
08/23/2022
Finitor Wealth snaps up two advice firms with PE backing
FMB is a second-generation family business with eight advisers in Kendal, Cumbria and more than £250mn AUA.
08/23/2022
Two important departures at BIL Suisse
The role of Chief Operating Officer will be taken over by the previous General Counsel and Corporate Secretary, Tobias Kamber , who will accordingly be promoted to General Counsel & Chief Operating Officer.
08/23/2022
Raiffeisen and Mobiliar want to shake up the real estate agent business
This has specialized in the mediation of real estate agents.
08/23/2022
Credit Suisse Is Chasing a Broader Set of the Global Wealthy
In June, Credit Suisse said that it will focus on extending its high-net-worth coverage model to Hong Kong and Singapore.
08/23/2022
LGT Wealth partners rake in £25m as profit near doubles
Partners at the wealth manager were able to split £24.7m between them as pre-tax profit near doubled to £42.2m in 2021.