04/23/2024
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
The move could come at a cost for shareholders, who could see their holdings diluted in a crisis.
Wealth and Asset Management
04/23/2024
Wealth managers plan to ‘dramatically’ increase allocation to Vietnam
Vietnam continues to show strong forecasts. GDP doubled from £169bn in 2013 to £340bn in 2023, and is projected to grow by a further 6% in 2024.
04/23/2024
Apec Business Advisory Council meeting: Hong Kong teeming with wealth-creation opportunities despite headwinds
Hong Kong offers wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, top business leaders say
04/22/2024
UK money manager M&G eyes China partnerships to meet investor demand for diversification from mainland assets, CEO Pinto says
The MSCI Emerging Markets excluding China Index has gained 1 per cent this year, while the MSCI World Index added 3.5 per cent and MSCI China lost 2.5 per cent
04/22/2024
Asian wealth management benefits as Hong Kong regains international status
Ocorian is investing in the region with recent acquisitions including leading corporate services provider A- Pass and is committed to further acquisitions across Asia.
04/22/2024
Pictet targets $400m with new environment tech Eltif
The Article 8 strategy co-invests with ‘all the big names of the private equity world’.
04/22/2024
China’s $3.7 Trillion Wealth Industry Is Plagued by Sub-3% Returns
Low-risk investments that yield 3% are becoming rare. It’s disorienting for a nation of savers and their asset managers.
04/22/2024
Five waves of UBS layoffs to start in June, SonntagsZeitung says
Most of the cost savings are set to come from cutting staff and analysts have estimated between 30,000 and 35,000 jobs could go globally.
04/22/2024
Local success & global expertise: how a focus on entrepreneurs boosts Julius Baer in the UK
The UK wealth market is a competitive industry, but thanks to Julius Baer’s focus on pure wealth management and highly personalised service, the firm is poised to grow its regional footprint further.
04/22/2024
Janus Henderson aims to double AUM in Asia in five years
Andrew Hendry, Asia Pacific CEO at Janus Henderson, explains how the firm has turned the page following the merger in 2017.
04/22/2024
Wellington inks distribution deal with SCPB
Standard Chartered Private Bank will distribute Wellington Management's Credit Total Return fund.
04/22/2024
Ludlow Trust announces purchase of C. Hoare & Co’s trust business
The deal marks a significant milestone in Ludlow Trust’s growth.
04/19/2024
Morgan Stanley Wealth Management Pulse Survey Reveals Bullish Sentiment Despite Drop in Optimism
Inflation and election concerns have increased.
04/19/2024
ABN AMRO is doubling the number of Help with Banking advisers
Banking is becoming increasingly digitalised and also easier for many.
04/19/2024
Gary S. Williams of Williams Asset Management Honored in Forbes Best-In-State Wealth Advisors List for 2024
This marks the sixth year in a row of being named to this prestigious list of financial advisors.
04/19/2024
Coutts' approach to investing
How we decide where to invest our clients’ money – and how it’s working out.
04/19/2024
Raiffeisen publishes annual reports for 2023
It managed to grow in all business areas and gain market share.
04/19/2024
HNW advice firm partners with Multiply
This will be done by automating aspects of the onboarding and annual review processes for clients.
04/19/2024
Geneva-based Pictet AM debuts AI-powered global equities fund
The Luxembourg-domiciled fund will target an annual return before fees of 1.5% above the MSCI World index
04/18/2024
UBS, Nomura Battle to Win Rates Sales to Europe’s Ultra Rich
Switzerland’s biggest bank has been adding to its structured rates offering over the past six months.