04/19/2023
In the worst-case scenario, the estimated figure could reach one-third, or 162 billion francs, due to cultural differences between UBS and Credit Suisse leading to increased attrition or rivals successfully luring bankers and clients.
04/19/2023
The MyNorth platform reported AUM of $62.8 billion, an increase of $1.5 billion compared to the Q4 2022 AUM of $61.3 billion.
04/19/2023
Exited some business lines: Announced exits of some ex-Asia business lines that were underperforming and/or lacked synergies, such as US retail and Canada.
04/19/2023
The lender has been hiring senior wealth executives in Asia, given it is one of the fastest-growing markets.
04/19/2023
Purchase of Grove Point Financial brings 400 independent financial professionals with approximately $15 billion of assets under administration to fast-growing Atria Wealth Solutions. Grove Point will maintain its existing clearing and custody relationship
04/19/2023
Drew and Michael are founding members of Mainsail Wealth Partners, one of the largest advisor teams at UBS.
04/19/2023
The jurisdiction’s key focus areas of Islamic finance, captives and digital financial services record significant achievements
04/19/2023
It has processed over £12bn in payments for HMRC and has recently gone live with its unique offering for one of the UK’s largest investment platforms.
04/19/2023
Analysts estimate a loss of CHF 110bn, but in a worst-case scenario, this could rise to CHF 162bn or a third of assets.
04/19/2023
Quaestor Coach specialises in the acquisition and development of wealth and asset management firms.
04/19/2023
The Bank aims to equip its clients and their Next Generation with the necessary skills to navigate cross-generational transitions and preserve their family legacy
04/19/2023
In addition, partner and general manager François Reyl was also convicted in the case involving practices at the bank from 2009 to 2013 and fined half a million euros.
04/19/2023
Expansion signals commitment to Hong Kong as a core market and dedication to nurturing a diverse, talented workforce to serve clients in the region.
04/19/2023
According to FCA data, Citadel Advisors Europe had a 0.5% short position against the wealth management group on 12 April.
04/18/2023
Mildly positive returns across the risk spectrum tell the story of another risk storm having passed without sinking global capital markets.
04/18/2023
Those advisors that are considered for the ranking have a minimum of seven years' experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records and industry experience.
04/18/2023
HSBC's wealth and personal banking CEO, Nuno Matos, is encouraged that investment schemes will make mainland China a ‘significant wealth market’.
04/18/2023
The bank is now in the process of being taken over by arch-rival UBS.
04/18/2023
Private Banker Finance primarily specialises in sourcing mortgages for £1m and over.
04/18/2023
Net inflows in the second half of the year were £0.887bn, an average of £148m per month, maintaining the strong performance delivered in the first half of the year of £0.907bn.