07/17/2024
Stern granted Swiss asset management licence
The firm’s partners and the Stern family account for approximately 20% of the firm’s assets under management.
Wealth and Asset Management
07/17/2024
Wealth managers try to avoid 'conversational cul de sacs' on philanthropy
Clients are often happy to discuss particular charities which they support – especially if someone in their family received outstanding care in the past.
07/17/2024
Citi to Take Wealth Management to Next Level with the Market-First Launch of Wealth 360
The feature is now rolling out to selected customer segments and will be gradually expanded to the entire customer base.
07/17/2024
Basel investment firm to merge with billionaire’s asset manager
The tie-up between special situation investment firm Youngtimers and Hong Kong billionaire Adrian Cheng’s C Capital is set to allow the latter to be listed on the Swiss Stock Exchange.
07/16/2024
Clime IM’s wealth management M&A spree
Prior to heading up Madison, Donat was head of licensee development at BT Group licensees.
07/16/2024
Standard Chartered Bank Hong Kong transforms digital wealth management with myWealth Direct
At the beginning of 2020, the Wealth Management division of Standard Chartered Bank kickstarted an ambitious journey to scale up its digital advisory platform capabilities.
07/16/2024
Pictet’s head of fund research lifts the lid on current searches
Sébastien Gentizon talks through his team’s strategy and how its high-conviction approach feeds into the Swiss bank’s wider thinking.
07/16/2024
Impax Asset Management Group plc completes acquisition of fixed income assets of Absalon Corporate Credit
With the completion of the acquisition, Absalon’s Global High Yield and Emerging Market Corporate Debt strategies become part of Impax’s fixed income range, with funds available on Impax’s Irish-based UCITS platform.
07/16/2024
Close Bros’ wealth arm in fresh talks over £200m sale
Private equity house Oaktree Capital Management is rumoured to be in talks to buy Close Brothers Asset Management.
07/16/2024
Glen Smith, CEO and CIO of GDS Wealth Management, Celebrates 20 Years in the Financial Services Industry
The last twenty years of Glen's career have been marked by tremendous blessings.
07/16/2024
CHF 610m fundraise propels Swiss Life property fund to top table
With a market cap of around CHF 2.5bn, the strategy is now one of the five largest listed real estate funds in Switzerland.
07/16/2024
Vontobel merges German AM subsidiary with sister company
Company hopes integration will enable it to pool its strengths and become more efficient.
07/16/2024
Wealth managers grapple with long client onboarding times, study shows
The experience of wealth management professionals varies between the UK and the other markets included in the survey.
07/16/2024
PIMFA sets out 5-year agenda for government to create a UK Culture of Thriving Financial Health
PIMFA believes that this can be done primarily by equipping retail investors with the tools and incentives necessary to save and invest for their financial futures.
07/16/2024
Wealth Management Boosts Profits at Zuger Cantonal Bank
The Zuger Cantonal Bank increased its operating income by 1.7 percent to 154.2 million Swiss francs in the first half of the year
07/16/2024
Annalise Toberman: Wealth management’s disputed territory
This is no longer a cottage industry of stockbroking firms serving those of privileged means
07/16/2024
SEB’s results for the second quarter 2024
While the interest rate cuts during the quarter resulted in a decrease in net interest income, we saw improved momentum in other parts of our business.
07/16/2024
Goldman Sachs’ Wealth Management Revenue Up 8% in Q2
The bank's Asset & Wealth Management segment is becoming a bigger contributor to the firm’s overall growth.
07/16/2024
Morgan Stanley’s wealth business stumbles even as profits jump
Bank reports 40% rise in quarterly profits but wealth unit struggles to attract assets with interest rates higher
07/15/2024
What factors are driving the rebound in global wealth?
The proportion of people in the world in the lowest wealth bracket has shrunk since 2008, while the proportion of people in every other wealth bracket has grown.