08/05/2022
Thousands of Credit Suisse Jobs Could be Under the Axe
Other measures are putting the bank's middle and back office inefficiencies under review and reshaping the investment bank.
Wealth and Asset Management
08/05/2022
Rothschild & Co.: Strong first half performance
Alexandre de Rothschild, Executive Chairman, commented: “The performance in the first six months of 2022 has continued to be strong, after a record year in 2021."
08/05/2022
Wealth Management M&A Momentum Continues in August
Alera Group made its largest transaction of the year in the second quarter, with the acquisition of Pennsylvania-based Wharton Business Group, adding $3.5 billion to its assets.
08/05/2022
Standard Bank Wealth and Investment recognised at Euromoney Awards for Excellence
Being recognised by one of the world’s most trusted financial publications demonstrates that we have achieved the level of excellence we strive for in delivering value to our clients and their families.
08/05/2022
Market Woes Hammer Assets at Private Banks in Asia
China continues to appear in the headlines over regulatory uncertainties, property worries, geopolitical tensions and Covid-linked disruptions.
08/05/2022
Asset Management: Now the bear market is affecting wages
After the American investment banks already spelled back bonuses, employees in the fund industry are now threatened with a similar fate.
08/05/2022
Allianz 2Q Net Profit Fell as Asset-Management Earnings Slid
Growth was hit by the asset-management division, after "adverse market movements and cautionary investor sentiment" led to operating profit there falling 6.6%, the company said.
08/05/2022
Northern Trust Asset Management Launches Quantitative ESG Strategy for EMEA and APAC Investors
The NT World Quality ESG Strategy Expands Manager’s Sustainable Quantitative Global Offering in EMEA and APAC
08/05/2022
IQ-EQ’s wins Special Recognition Award at the Jersey Finance Rising Stars Awards 2022
The Special Recognition Award was introduced for the first time this year for those outstanding nominees whom the judges felt should be celebrated for their achievements in their company.
08/05/2022
IQ-EQ wins Best User Experience at the Interact Excellence Awards 2022
The Awards celebrated organisations at the forefront of digital workplace strategy, employee engagement, and innovative internal communications.
08/05/2022
Southeast Asia’s largest bank says wealth management, capital markets business face challenges
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings.
08/05/2022
Wealth manager Hargreaves Lansdown posts fall in assets on risk-off mood
The British firm reported annual net new business inflows of 5.5 billion pounds, compared with 8.7 billion pounds a year earlier, and saw a 26% fall in its profit before tax to 269.2 million pounds.
08/05/2022
Canaccord Genuity Group Inc. Reports First Quarter Fiscal 2023 Results
Excluding significant items, quarterly earnings per common share of $0.11 (1) First quarter dividend of $0.085 per common share
08/04/2022
Quarterly company insolvencies increase by 81% year-on-year - Evelyn Partners
The number of company insolvencies was particularly influenced by creditors’ voluntary liquidations (CVLs), with 4,908 recorded in Q2 2022.
08/04/2022
Forbes Announces Seventh Annual List Of Top Next-Gen Wealth Advisors
This year’s list includes 100 advisors, and its ranking of Best-In-State Next-Gen Advisors.
08/04/2022
Pictet: No Place in Private Banking for Crypto
While a growing number of private banks are offering crypto to wealthy clients including Julius Baer, LGT, Goldman Sachs and more, Pictet believes that adoption at this point in time might be premature.
08/04/2022
Oak Wealth Management Announces Recent Acquisition During Season of Growth
The acquisition comes as part of a large growth strategy for OWM, an investment management and financial planning practice based in Walnut Creek, California.
08/04/2022
Continuum boss: 'We want to bring wealth management to everybody'
Managing director of M&G Wealth, David Montgomery, echoed similar plans.
08/04/2022
Coutts London Prime Property Index Q2 2021
We’re seeing several signs that London’s prime property market is getting back on form.
08/04/2022
Apex Group closes transformative acquisition of Sanne
The addition of Sanne brings another 2,500 people into the Group and adds six new locations in Denmark, Japan, Serbia, South Africa, Spain and Sweden.