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.
Wealth and Asset Management
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.
07/19/2023
Hargreaves Lansdown posts 6% increase in net new business for Q2 2023
AUA up 2%
07/19/2023
Global Survey Shows Wealth Management Ecosystem at Inflection Point
This heightened focus on client experience and more specifically the digital client experience stems from evolving client expectations and the threat of digital disruptors.
07/18/2023
AdvisorHub names Rise Private Wealth Management co-founder and CEO Brent Kiley among ‘Advisors to Watch over $1Bil’
AdvisorHub recognizes elite financial advisors who manage more than $1 billion in client assets based on their innovation, professionalism, and success in the business.
07/18/2023
Citi Wealth Unit Posts Mixed Results Ahead of Sieg Takeover
Citi includes in that tally not only brokers but also private bankers, so-called financial client advisors, relationship managers, and investment counselors.
07/18/2023
Private bank CIOs inch back into equities
In the latest edition of the Top 30 Super Allocators, Europe’s biggest private banks are getting more upbeat about equities, especially with Japan and Asia still going strong.
07/18/2023
Coutts to allow customers to proceed with mortgage without ‘full banking relationship’
Coutts said there was no need to fund monthly mortgage payments via this account and customers would need to undergo full onboarding checks.
07/18/2023
Close Brothers could spark new wealth bid frenzy
The group is exploring a potential sale of its wealth business, Close Brothers Asset Management, according to a recent report by Bloomberg.
07/18/2023
The urgent need for digitalization in wealth management
Prioritize investment in digital tools for greater profitability and client engagement.
07/18/2023
Arbuthnot Banking Group Unaudited results for the six months to 30 June 2023
Arbuthnot Banking Group PLC is the holding company for Arbuthnot Latham & Co., Limited.
07/18/2023
Kingswood-owned DFM IBOSS surpasses £2bn in assets under influence
The asset manager benefits from a ‘larger team’
07/18/2023
Shareholder group publishes counter offer for GAM
The tender offer is around 30% higher than Liontrust’s but covers only 17.5% of all GAM shares.
07/18/2023
Credit Suisse: This monolith is also crumbling now
Meanwhile, UBS has to ask itself how big it actually wants to get in the prestigious business, which is considered one of the "prime pieces" of the old CS.