05/25/2023
Close Brothers learns ‘expensive lesson’ from Novitas acquisition
Firm recovered in Q3 after its failed lending arm had caused profits to plummet 90% in first half
Wealth and Asset Management
05/25/2023
Wealth and relationship managers should prioritise secure messaging in 2023
The favourable conditions that were contributing to a strong market went hand in hand with a digital transformation impulse
05/25/2023
Union Bancaire Privée acquires Angel Japan Asset Management
The transaction will see UBP further strengthen its presence in Japan and is a clear demonstration of UBP’s ambitions to expand its footprint in Asia-Pacific.
05/25/2023
Reuss Private Group AG increases net income with moderate growth
It was not until the fourth quarter that the economy and market recovery again ensured a more positive development.
05/25/2023
Julius Baer – Wrongly Punished?
Julius Baer shares were severely punished on the stock market after the publication of the key data for the first four months of the financial year.
05/25/2023
Indosuez strengthens commitment to arts and culture in renewed partnership with Tai Kwun in Hong Kong
This renewed partnership with Tai Kwun echoes the central place towards social responsibility by Crédit Agricole group and is part of a global and coordinated approach within Indosuez.
05/25/2023
J.P. Morgan Private Bank Introduces South and Midwest Regions
Accelerating business and advisor growth prompts addition of new leadership
05/24/2023
Wren Sterling completes acquisitions in Scotland and West Midlands and gains 860 clients
Active Wealth Management Limited will join Wren Sterling’s Glasgow office .
05/24/2023
UBS, Credit Suisse get closer to mega-merger with systems integration
Bankers at UBS’ Australian offices have been told by senior management the deal is on the cusp on completion
05/24/2023
ZEDRA Announces Close of Strategic Minority Investment from BCI
This investment, which was announced in March 2022, has been approved by all relevant authorities.
05/24/2023
Ping An Asset Management: China's Aging Society Sparks Pension Interest, Becomes the Next Opportunity for Asset Management Industry
In November 2022, China announced the implementation of private pension plans for individuals, in addition to government pensions and employer programs.
05/24/2023
JM Finn profits tick up despite £1bn hit to assets
The wealth firm managed to keep profits buoyant due to higher interest rates on cash and reduced staff costs.
05/24/2023
First Republic Wealth Advisors Voted With Their Feet–And It Wasn’t For JPMorgan
But the failure of the California bank was a home run for Morgan Stanley.
05/24/2023
Raymond James opens Fulham branch for Killik duo
Dasha Plotnikova and Max Scholey said they were attracted by Raymond James’ lack of a centralised model, paired with the support of a larger infrastructure.
05/24/2023
Investment marketing veteran Anne-Marie McConnon dies
McConnon, who worked for more than 25 years in marketing roles across the asset management industry, was most recently chief client officer at Rathbones.
05/24/2023
Mediobanca makes wealth management push to boost returns
Mediobanca said it would reposition its offer of both liquid and illiquid products and provide investment banking services to rich customers such as business owners.
05/24/2023
Kingswood eyes ‘growth opportunity’ as assets pass £11bn
Assets under advice and management at Kingswood rose 54% last year following a string of acquisitions by the wealth consolidator.
05/24/2023
SEI Extends Long-term Relationship with Verso
SEI Wealth Platform to Help Power Growth for IFA Consolidator
05/24/2023
Carey Olsen advises Carey Commercial on its sale to Suntera Global
Following its acquisition of Carey, Suntera's Guernsey service offering will be bolstered with addition of 80 new staff members and clients in more than 50 countries.
05/23/2023
Julius Baer: Interim Management Statement for the first four months of 2023*
Solid start into the year despite challenging market developments – Strong relationship manager hiring pipeline – Significant capital generation