04/28/2023
Coutts profit jumps 62% on higher rate income
The NatWest subsidiary posted operating profit of £133m for the first three months of the year, driven by a 37% year on year increase in total income to £80m.
Wealth and Asset Management
04/28/2023
Lombard Odier wins two Bilanz magazine awards
This year, Lombard Odier was awarded the "long-time quality leader" prize
04/28/2023
Investec W&I CEO rejects insider centralisation push claims
Sources told Citywire that several key exits were linked to concerns that Investec W&I was moving towards a more prescriptive, centralised model, which the firm’s new CEO has denied.
04/28/2023
abrdn merges three multi-manager funds with MyFolio range
Part of consolidation programme
04/28/2023
CI Financial to sell minority stake in US wealth management firm
The stake was acquired before CI Private Wealth was established and is not congruent with its partnership model
04/28/2023
Wealth manager M&A soars to £137bn in 2022
The wealth management and Financial Planning sectors have seen a wave of mergers and acquisitions over the past fews with some weeks seeing several takeovers announced.
04/27/2023
Bank CIC reports positive result thanks to solid foundations, despite eventful year
Total operating income was CHF 190.6 million, an increase of 8.8% on the previous year.
04/27/2023
Deutsche Bank to sharpen Management Board’s focus on accelerating strategy execution
Against the backdrop of a challenging environment, costs and controls will continue to be areas of significant focus.
04/27/2023
How B Corps are building a community culture to help all businesses
Coutts CEO, Peter Flavel, reflects on recent discussions with fellow B Corp CEOs and how an inclusive culture can help build greater change in businesses and markets.
04/27/2023
Morningstar Wealth Introduces Portfolio Analytics Enrichment from ByAllAccounts
New enhancement wraps key portfolio information into one flexible solution for advisors
04/27/2023
UOB’s net profit surges on wealth management rebound
Fee income registered double-digit 14% growth, led by wealth management, says the bank.
04/27/2023
St James’s Place partner firm makes second deal of 2023
Acquisition takes its assets under management to more than £650m
04/27/2023
Interim results of the Swiss National Bank as at 31 March 2023
The SNB’s financial result depends largely on developments in the gold, foreign exchange and capital markets.
04/27/2023
Where Are Credit Suisse Clients Moving Their Assets?
There are some nascent signs the environment is becoming more favorable.
04/27/2023
Investor group NewGAMe and Bruellan discloses 7.5 per cent stake in GAM Holding AG
The Group holds or has the right to exercise voting rights attached to a combined amount of c.12 million shares in GAM, representing approximately 7.5 per cent of the issued share capital.
04/27/2023
CIMB Private Banking named best domestic private bank by Asiamoney
CIMB Private Banking is strategically positioned to continue to service this segment covering both their individual and corporate investment needs
04/27/2023
Deutsche Bank reports € 1.9 billion profit before tax in the first quarter of 2023
For the full year 2023, provision for credit losses is expected to remain within the previously communicated range of 25-30 basis points of average loans.
04/27/2023
Mattioli Woods acquires a majority stake in White Mortgages Limited
In the year ended 31 March 2022, White Mortgages generated revenues of £0.51 million with a profit before taxation of £0.22 million.
04/27/2023
Schroders' statement on Sir Win Bischoff's passing
Sir Win had a significant impact in shaping Schroders.
04/27/2023
Santander records massive jump in wealth management in Q1 2023
Private banking by itself saw net profit in Q1 2023 hit €287m, more than twice the number from the same quarter a year before.