05/01/2024
Chancellor Hunt warns FCA over ‘name and shame’ plans
The regulator is consulting on plans to name firms under enforcement investigation when it is in the public interest, but the industry is fiercely opposed.
Wealth and Asset Management
05/01/2024
Swiss equities back on the radar
First, the underperformance needs to be contextualised against the global equity landscape.
04/30/2024
Abrdn completes sale of €8.6bn European private equity business
The asset manager sells the division to Nasdaq-listed alts specialist Patria Investments in a €117m deal.
04/30/2024
HSBC Holdings plc 1Q 2024 Earnings Release
Annualised ECL as a percentage of gross loans and advances to customers was 30bps in 1Q24, including held for sale balances.
04/30/2024
EFG extends buyback of shares to fund its variable deferred share-based employee compensation
The purchase is being executed through open market purchases in a market-sensitive manner by a third party.
04/30/2024
SJP sees drop in inflows as it works on review of business
Both programmes are proceeding in line with our plans and expectations, and the financial guidance associated with each of these remains unchanged.
04/30/2024
Morgan Stanley Wealth Management net revenues at nearly $7bn in Q1 2024
The wealth management arm of Morgan Stanley recorded net revenues of $6.9bn in Q1 2024, up from $6.55bn year-on-year.
04/30/2024
Wealth Management M&A Landscape Remains Active
Given those challenges, some observers thought M&A would suffer mightily.
04/30/2024
Maxim Group Expands its Fixed Income Group with the Addition of Stephen Read, Mark Koontz, and Tim Reilly
These additions position Maxim to expand its personalized services into new verticals, including bankruptcy claims and distressed bonds.
04/30/2024
J.P. Morgan Private Bank releases inaugural report on global family offices
Survey data reveals top objectives, investment preferences and management trends for ultra-high-net-worth families
04/30/2024
Fairstone makes changes to organisational structure to drive growth
The change has resulted in six managing directors being appointed with three joining the northern, central and southern regions of the UK.
04/30/2024
UBS elite unit gains access from Regenmacher
The team includes a few hand-picked dealmakers who are supposed to negotiate directly with the heads of corporations.
04/30/2024
The Vaudoise Group takes over the company Prevanto and becomes the market leader in actuarial advice for pension funds in Switzerland
This makes the Vaudoise Group the market leader in the area of actuarial advice for pension funds.
04/30/2024
Brooks Macdonald partners with Sporting Wellness to promote financial wellbeing for sportspeople
As part of this partnership, Brooks Macdonald will provide financial wellbeing sessions designed to empower the athletes of Sporting Wellness’s charity partners
04/30/2024
Van Lanschot Kempen: first quarter 2024 trading update
Assets under management (AuM) rose by 6%, thanks to strong net inflows and a positive market performance.
04/30/2024
Coutts in Conversation: A Good Start to the Year for Investors
Our investment experts shared their current, positive market outlook and explained why they’re shifting from UK to global stocks at a recent client event.
04/29/2024
Indosuez WM aims to up private markets exposure with platform launch
The bank's head of asset management Qian Su is bullish about private markets, but cautions rate cuts could hit the performance of some strategies.
04/29/2024
Jupiter to keep £500m of flagship fund after manager’s exit
The fund sits in Jupiter’s Merlin range, which operates at a degree of separation from the wider group.
04/29/2024
NBK Wealth emerges as the largest local and regional wealth management group with AUM exceeding $20bln
The New Brand is a Strategic Step and Milestone, Empowered by the Group’s Strength
04/29/2024
Wealth Managers Adapt as Women Gain Economic Power
The industry is urged to better understand the financial behaviors and drivers for women to effectively communicate and provide services that resonate with them.