07/20/2023
UBS's $5 Trillion Ambition Already Looks Dated
Speaking at its mid-year conference, the CEO said that in 14 years, reaching $20 trillion of client assets under management is achievable.
Wealth and Asset Management
07/20/2023
Nomura launches international wealth management business in Dubai, opens new premises in DIFC
Nomura has obtained a Category 4 licence from the Dubai Financial Services Authority (DFSA) to expand the scope of its International Wealth Management business
07/20/2023
Leonteq's First Half Net Profit Hit by Lower Volatility
Trading income fell 90 percent to 17.8 million in the first half, and net fee income increased 7 percent to 123.9 million, resulting in an operating income of 147.1 million, half of what it was a year ago.
07/20/2023
Benchmark adds £755 million with agreement to acquire Unique Financial Planning
Unique will continue to operate independently, but with further support from Benchmark’s technology and training and development, alongside additional group resources across marketing, finance, people management and compliance services.
07/20/2023
Farrer & Co once again recognised in Chambers High Net Worth Guide
The rankings are based on client feedback and in-depth analysis of the best law firms and lawyers in the UK and London.
07/20/2023
Oberon Investments acquires Nexus EIS Fund to expand its portfolio
The deal will be paid for by issuing 7.5m new ordinary shares in Oberon and is expected to boost Oberon’s profit before tax.
07/20/2023
Rathbone Funds Now Live on Charles River IMS® and State Street Alpha® Data Platform
The combination of Charles River IMS and ADP empowers their business with faster insights, increased operational efficiency, and greater collaboration across investment teams.
07/19/2023
SG Kleinwort Hambros establishes new client lifecycle team
A new Client Lifecycle Team has been established by SG Kleinwort Hambros (SGKH) and Was Chaudry has been named as the team's head.
07/19/2023
The best precious metals advisers for high-net-worth individuals in 2023
Welcome to the Spear’s ranking of the best precious metals advisers for high-net-worth-individuals in the UK
07/19/2023
Brown Brothers Harriman Private Banking Team Continues Growth in Philadelphia
These hires reflect the firm's deep commitment to Philadelphia and the mid-Atlantic region, its private business owners, and local endowments, foundations, and non-profit institutions.
07/19/2023
StanChart's Marc Van de Walle on the bank’s regional ambitions
The bank’s global head of wealth management sets out the case for a fully-converged digital platform across segments and geographies.
07/19/2023
Citi Wealth says look beyond tech to ‘compelling’ financials
Tech stock valuations leave little margin for error in the upcoming reporting season, whereas banks are only trading at book value despite an improving backdrop, says Citi Global Wealth chief investment officer David Bailin.
07/19/2023
REYL Intesa Sanpaolo wins two WealthBriefing WealthForGood awards, including “Best Bank for Philanthropy Offering”
The WealthBriefing WealthForGood Awards distinguish the top players in the global wealth management industry.
07/19/2023
Private banks eye bigger slice of private credit market
Distressed debt and senior secured loans look attractive, but must not neglect potential issues within the asset class, such as limited transparency and liquidity.
07/19/2023
LGT Private Banking starts digital hub in Barcelona
The private bank invests CHF200m in a new digitalisation strategy.
07/19/2023
Launch of new artworks by winners of the Julius Baer Next Generation Art Prize
The completed digital artworks of the six visionary prize winners will be exhibited in a ‘meta-world’ gallery from now until 31 August 2023.
07/19/2023
Worldsource Wealth Management and IDC WIN to Utilize Broadridge’s AdvisorStream
Automated digital marketing enhancing the advisor-investor relationship and experience
07/19/2023
Julius Baer India relocates to state-of-the-art office in New Delhi, reinforcing commitment to growth market
Expansion exemplifies the firm’s commitment to India as a strategic growth market while demonstrating its dedication to fostering a skilled team to serve clients in the region.
07/19/2023
Nordea to acquire Danske Bank consumer and private banking business in Norway
The acquisition is an ideal strategic fit for Nordea and will strengthen Nordea’s market position in Norway among household customers.
07/19/2023
Raymond James UK profits boosted 50% despite £1bn asset squeeze
A swathe of client inflows allowed the UK division of Raymond James to increase its profits, despite volatile markets in 2022.