01/20/2023
Boris Collardi Has a New Mission at EFG
The former Pictet partner and Julius Baer CEO is well connected with the very growth-oriented financial institutions he wants to work with to expand the business.
Wealth and Asset Management
01/20/2023
J.P. Morgan Approved for Full Ownership of China JV
Following the acquisition, CIFM will be operating under the JPMAM brand in China and all of its employees will eventually relocate to join the American firm in its Shanghai office.
01/20/2023
UK financial planning company buys wealth manager
Acquirer now has around £3bn in FuM
01/20/2023
FNZ to acquire YieldX, accelerating the personalization of wealth management solutions across the U.S. market
The acquisition will further meet FNZ’s mission to deliver personalized investment solutions to more people across the wealth management industry.
01/20/2023
PKB Privatbank changes name
PKB Privatbank is now PKB Private Bank.
01/20/2023
Ocorian employee named in Top 50 Most Influential list by eprivateclient
Those that have made it onto the list are the leaders when it comes to providing the best possible advice and service for clients.
01/20/2023
Affinity Private Wealth launches Irish-domiciled sustainable growth UCITS fund
The global economy is undergoing a major transformation to secure a more sustainable and prosperous future for all, and the team at Affinity are increasingly mindful of the role they can play in supporting this.
01/20/2023
‘We won’t try and steal the whole client’: How Stonehage Fleming works with other advisors
External specialists, such as lawyers or bankers, may also want to ask Stonehage Fleming for advice, says CEO Chris Merry.
01/20/2023
JPMorgan rules out more special pay awards for CEO Jamie Dimon
Longest-serving boss of Wall Street bank earned $34.5mn for 2022
01/19/2023
Why advisers fear intergenerational wealth transfers
Most advisers in the UK now fear they will lose business when wealth is transferred between generations.
01/19/2023
UBS ‘Bucking the Trend’ in Wealth, Asset Mgmt Hiring, CEO Says
Ralph Hamers told Bloomberg that the company is “not in retrenchment mode.”
01/19/2023
Wells Fargo stems steep advisor losses after a massive outflow
The slight reversal of a years-long trend toward shrinking headcounts highlighted a very profitable year for the company's wealth arm, which is benefiting from rising interest rates.
01/19/2023
Swiss Bank EFG Plans Asia Wealth Expansion With Boris Collardi
Firm has several hundred million Swiss francs for deals
01/19/2023
Bank Nagelmackers partners with Objectway to implement their new private client offering
Focused on delivering premium private banking services, Nagelmackers provides clients with a digital native service and investment experience, building on Objectway Suite to underpin its digital transformation.
01/19/2023
Morgan Stanley investment banking slump overshadows wealth management growth
Despite reductions in revenues overall, the bank also reported positive earnings in fixed income, with revenues up 15% to $1.4 billion in Q4 compared with 2021.
01/19/2023
Outflows hamper Liontrust AUMA growth
Asset manager’s investments performed well, but investor sentiment remained cautious
01/19/2023
Long-run asset class performance: 30-year return forecasts (2023–52)
This year in our long-term performance forecasts, which incorporate the impact of climate change, we expect higher returns across different asset classes in both real and nominal terms.
01/19/2023
AJ Bell inflows down 25%
New chief executive at AJ Bell, Michael Summersgill, credited the platform provider’s “dual-channel business model” for the latest growth.
01/19/2023
Credit Suisse set to pay upfront cash bonus to senior employees
The deadline to sign up for the upfront payment is 30 January.
01/19/2023
Credit Suisse cautiously optimistic as mainland investors back China reopening, foreign funds unsure
Hong Kong will remain a gateway to China’s markets, will have a ‘very profound and robust future’