04/26/2021
Huarong to Miss Second Deadline
The statement added that auditors need more time to finalize unspecified transactions though operations are stable and business lines are running normally.
Wealth and Asset Management
04/26/2021
StashAway to raise $25 million USD in Series D funding round led by Sequoia Capital India
This funding round will bring StashAway's total paid-up capital to $61.4 million USD and accelerate investment product and feature developments across its 5 markets.
04/26/2021
Scotia Global Asset Management announces April 2021 cash distributions for Scotia Strategic ETF Portfolio and Scotia Index Tracker ETF
Investments in ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
04/26/2021
The Wealth Mosaic announces content publishing partnership with Managers of Wealth
The partnership between the two business will have multiple strands but is focused first on the distribution of technology and related content from TWM’s community through the various relevant news portals of Managers of Wealth.
04/26/2021
More Pressure on Credit Suisse Overseer
Norway’s oil fund told the outlet it would vote against the reelection of five other board members, alongside Gottschling, including lead independent director Severin Schwan.
04/26/2021
Phoenix Financial PR declared Financial Consultancy Firm of the Year
Our core focus on asset management, wealth management and private banking, alternatives and fintech, means we bring deep experience to the client table in our field of specialism.
04/26/2021
Why Wealth Management Firms Must Improve Digitally in the Next Normal
According to Oliver-Wyman’s global world wealth report 2020, there has been a 7-10 fold increase in client engagement across all digital channels during the pandemic.
04/26/2021
Succession launches sport and entertainment advice arm
Sports and entertainment professionals face unique challenges when it comes to their finances due to the unique structure of their careers.
04/26/2021
Where will wealth take clients next?
Wealth managers must use deeper, richer insights to provide clients with more holistic, tailored, and meaningful experiences.
04/25/2021
Credit Agricole sells wealth management unit in Brazil to Banco Safra
This volume will position Safra as the country's sixth largest asset manager, with 110 billion reais.
04/23/2021
Credit Suisse's Stumbles Over First Boston Ambitions
The Swiss lender – and its investors – will find out how successful its efforts to prevent the damage from spilling over are in the coming months.
04/23/2021
AMP announces intention to pursue demerger of AMP Capital’s private markets investment management business
The proposed demerger follows a decision by the AMP Board to conclude discussions with Ares Management Corporation regarding a potential sale of Private Markets.
04/23/2021
Credit Suisse CEO Tackles Delicate Bonus Issue
The Swiss bank set aside – accrued – 100 million francs less in the first quarter for bonuses, according to its financial report.
04/23/2021
HSBC pumps US$3.5b into Asia wealth drive
HSBC Jade clients can gain access to the primary market of newly issued bonds and private placements not available to the public with an entry threshold of HK$1 million.
04/22/2021
Swiss Private Banks Becoming Unwanted Guests
The question that must be asked is why Swiss private banks are still getting caught up in these kinds of issues.
04/22/2021
AMP provides Q1 2021 cashflows and AUM update
Our teams in AMP Capital have remained focused on delivering for clients, with continued deployment of capital in our infrastructure funds.
04/22/2021
My Prognosis for Remote Working in Wealth Management
A further 76% added that they are more productive, due to the lack of commute and fewer distractions – a sentiment echoed by Rathbones fund manager Alexandra Jackson, who has experienced tangible improvements in both work performance and family life
04/22/2021
Credit Suisse reports $275 million first-quarter loss after Archegos hedge fund scandal
The bank said its losses reflected a “significant charge with respect to the US-based hedge fund matter in 1Q21 (first quarter).”
04/22/2021
Fairstone adds £100m FUM in third acquisition of 2021
The focus of Fairstone’s approach is to attract businesses that do not want to sell today but want to grow and develop.
04/22/2021
Wealth Managers Combine After Parents' Merger Completion
The newly combined business in Belfast can trace its roots back to the 1840s.