09/06/2022
EFG International opens Representative Office in Israel
The opening of the new Representative Office in Tel Aviv will expand EFG’s coverage of the Israeli market and capture the significant wealth management opportunities in the region.
Wealth and Asset Management
09/06/2022
CHF 7bn ex-Lombard Odier wealth manager gets banking licence
Cité Gestion was founded in 2009 as a custodian and securities dealer by Lombard Odier. It was bought out by six managing partners in 2017.
09/06/2022
iCapital and Ares Wealth Management Solutions Expand Partnership
Provides financial advisors broader access to Ares’ alternative investment solutions via multiple distribution channels
09/06/2022
2022 is proving a bear market for private wealth managers
This was fuelled by both rising stock markets and record net inflows.
09/06/2022
St James’s Place Upgrades Financial Crime Defences With Napier’s Advanced Screening Tool
With Napier’s AI-enhanced screening solution, St James’s Place can leverage large-scale, ongoing customer screening and re-screening capabilities.
09/05/2022
UBS and Wealthfront mutually agree to terminate merger agreement
UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.
09/05/2022
PE-backed firm Solomon Capital Holding makes second acquisition
Buy-and-build strategy
09/05/2022
Geneva group buys Sberbank Switzerland
The bank will now be called TradeXbank and all of its employees in Zurich will keep their jobs.
09/05/2022
UBS scraps $1.4b deal to buy US digital wealth management firm Wealthfront
“We are continuing to explore ways to work together in a partnership and UBS has given us $70 million in financing at a $1.4 billion valuation,” Wealthfront Chief Executive Officer David Fortunato said.
09/05/2022
Cardea Group acquires Trinkler & Partners and continues on its growth path
Cardea plans to expand its presence in Switzerland by a combination of strategic acquisitions of small to mid-size wealth management firms in parallel with the hiring of individual wealth advisors and their teams.
09/05/2022
Credit Suisse deepens Qatar connection
He is a member of the Al-Thani ruling family of Qatar.
09/02/2022
Quilter to pay £310k over two historic Fos cases
Returns fell from £4k to £160 over four years, before the investment was valued at just £1.
09/02/2022
Credit Suisse Reportedly Plans to Ax Thousands of Jobs
The cuts are part of broader plans to reduce $1 billion in costs to help the bank recover from a series of scandals and quarterly losses.
09/02/2022
Stephenson Harwood’s on the Evolving Expectations found in the Wealth Management Industry
Hubbis met with her recently to learn of her views on the evolving needs and expectations of her clients, which include HNW and UHNW individuals and families, trust companies, family offices, international banks and fiduciary service providers.
09/02/2022
Credit Suisse Planning China Wealth Unit Next Year
The wealth management market in China is about $4.2 trillion in a country where household wealth is growing faster than the economy.
09/02/2022
Where Credit Suisse's Missing Billions Lie Dormant
Credit Suisse officially intends to comment on any adjustments to its corporate strategy at the end of October.
09/01/2022
Hywin Holdings Announces Unaudited Financial Results for the Second Half and Full Year of Fiscal 2022
Stable earnings growth backed by diversified revenue mix and strong client loyalty
09/01/2022
Philanthropy moving beyond writing cheques to more direct involvement
This generation is looking at how to pull all their resources, be it their wealth, their unique skills, their influential networks, their businesses to work for the good of all of us.
09/01/2022
Union Bancaire Privée’s Wealth Management CEO for Asia on Defining and then Refining the Right Business Model for Success
He also set out how the UBP approach is to provide high-touch, specialised investment advice rather than a low-touch, digital-first model.
09/01/2022
Private banking: millennials’ top 5 expectations
This is especially true for HNWI millennials – likely current and future private banking clients – who comprise a rapidly growing cohort.