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Wealth and Asset Management

07/17/2023

China’s Wealth Assets Are On the Rise Again After June’s Drop, Citic Securities’ Ming Says

Wealth assets generally shrink in the final month of a quarter from the previous month because of factors such as end-of-quarter assessments and maturity dates, he said.

07/17/2023

BlackRock eyes $7trn fixed income windfall on peaking rates

Money market assets will ‘flood fixed income market’

07/17/2023

LGT Capital hits $930m in final close of venture capital fund

LGT Capital Partners has surpassed its target of $750m for its fourth global venture capital fund.

07/17/2023

HNW news: Agatha Christie’s retreat set to make a killing and is bigger always better in wealth management?

Hedgehog: News from the Côte d’Azur, the Devon coast, the high seas and London’s financial universe

07/17/2023

Ernst & Young scores mega audit deal with UBS bank

EY is taking over from PricewaterhouseCoopers (PwC), following UBS’s recent acquisition of Credit Suisse.

07/14/2023

Asset managers tap top talent to reach private wealth channel

The data also showed a 115% year-over-year increase in the hiring of capital-raising private wealth professionals at alternative asset managers from 2021 to 2022.

07/14/2023

UBP’s Hong Kong CEO on North Asia’s Vast Potential and the Bank’s Well- Articulated Growth Strategy

He explains that China and the North Asia region represent immense opportunities for growth in international wealth management

07/14/2023

Kestra Holdings’ Subsidiaries Shortlisted across Seven Categories for WealthManagement.com’s 2023 Industry Awards

High-volume of nominations reflect Kestra’s ongoing commitment to providing superior service, cutting-edge technology, and a suite of resources to deliver value to its nationwide ecosystem of financial professionals

07/14/2023

CEO Christian Sewing named Banker of the Year by Euromoney

The first Deutsche Bank CEO to receive the long-running award, Sewing was singled out for transforming the bank and advocating for financial integration in Europe.

07/14/2023

Broadridge Awarded Best Global Proxy Voting Service Award at Goodacre’s Systems in The City Awards

Recognised as industry leaders in enabling seamless investor voting and engagement for the fifth year running

07/14/2023

Partners Group reports continued H1 AuM growth and reconfirms full-year fundraising guidance

During the same period, the firm committed USD 5.0 billion to transformational investing across private markets asset classes globally and generated USD 5.4 billion in portfolio realizations.

07/14/2023

ONE Swiss Bank - H1 2023 Financial Results

These positive performance indicators show that our business is well positioned to grow in the current environment.

07/14/2023

BNP Paribas awarded "World's Best Bank" and "World's Best Bank for Sustainable Finance"

In 2023, BNP Paribas took another significant step and ceased all financing dedicated to the development of new oil and gas exploration-production activities.

07/14/2023

Wells Fargo Wealth sees revenue drop but assets rise in Q2 2023

The wealth and investment management arm of Wells Fargo saw revenue drop 2% year-on-year in Q2 2023, from $3,705m to $3,681m.

07/14/2023

Liontrust quarterly assets under management fall but in good shape

This was attributed to net outflows of GBP1.62 billion, while GBP294 million was lost through market and investment performance.

07/14/2023

Carey Olsen named Offshore Firm of the Year at Chambers High Net Worth Awards 2023

National and international law firms across the world were awarded across 11 categories for their outstanding work, impressive strategic growth, and excellence in client service.

07/14/2023

Liontrust makes last minute call to Gam shareholders

The Liontrust offer has been subjected to full and detailed due diligence.

07/13/2023

Pressure on banks = pressure on WealthTechs

Warren Buffets' famous quote: “Only when the tide goes out do you discover who’s been swimming naked.” has rung true yet again.

07/13/2023

Private Banks Zone In on India’s Onshore Wealth

As a result, numerous financial institutions are setting up new private banking divisions or upping their ambitions in the onshore market.

07/13/2023

Caledonia Investments solicits bids for $585 million wealth manager 7IM -sources

Unlike continental Europe where investment products are largely distributed through banks, the UK has a vast network of investment advisory shops that help customers manage their money.

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