03/22/2022
Julius Baer CEO's Big Payday
The executive board collectively got a raise as well, with the nine members sharing 35.5 million francs in 2021, up from 32.1 million the year before.
Wealth and Asset Management
03/22/2022
Edelweiss group plans to demerge wealth management arm
The listing will happen through demerger of EWM from EWM holding company (Edelweiss Securities, which was a subsidiary of Edelweiss Financial Services).
03/22/2022
Blackstone Plans Fund for People With Millions Not Billions
The fund would potentially offer multimillionaires exposure to a swath of assets unavailable on public markets, such as Silicon Valley unicorns, closely held corporations and even stakes in other buyout shops
03/22/2022
Coutts to Stop Investing in Russian Assets
In line with our investment principles, we’re removing Russian assets from our client portfolios and funds.
03/22/2022
Mirabaud Announces an Increase in its Assets Under Management, With Positive Net New Money
Mirabaud also continued to expand its Private Equity offering, especially in the areas of lifestyle, impact and innovation.
03/22/2022
Digital Integration in Wealth Management 2022
Operating within an increasingly digital landscape and serving next-generation clients
03/22/2022
Oppenheimer launches wealth management technology platform
The platform uses behavioral science for client journey mapping, as well as improving digital engagement and the advisor-client relationship.
03/22/2022
Santander Private Bank launches new HNW service in Uruguay
The new service resides within Santander Select, the firm’s private banking unit in Uruguay which focuses on investments.
03/21/2022
Hywin Wealth, VP Bank Report Finds Strong APAC Demand for Private Market Investments
Wealth managers are the ideal advisors for clients seeking private market opportunities as they have unmatched multi-disciplinary capabilities, relationship-building skills, and institutional clout.
03/21/2022
LGT: Open Banking and Open Wealth Are Leading the Way
It has been a strategically important business area for us for 30 years and includes not only asset managers but also multi family offices, fund management companies, trust companies and law firms.
03/21/2022
Signal Failure by Tim Price
The word “propaganda” used to have a comparatively innocent meaning. It was how the Church sought a way of propagating the faith. Then came the ‘Great War’..
03/21/2022
Julius Baer publishes Annual Report 2021 and Sustainability Report 2021 and provides update on climate targets
The Sustainability Report includes a detailed outline of Julius Baer’s new climate strategy to achieve net-zero carbon emissions in its own operations by 2030.
03/21/2022
Wealth management firm signals commitment to region with new Birmingham office
“As home to, almost a sixth of the UK’s population, close to 650,000 vibrant companies and several leading UK universities"
03/21/2022
Swiss banks harbor up to $213bn in Russian offshore cash
In a rare glimpse into Switzerland’s secretive banking system, the Swiss Bankers Association told Reuters it estimated around $213bn of Russian money is held within Swiss vaults.
03/18/2022
Credit Suisse Looks Beyond China
Gottstein underlined various challenges in the China market including its persistent zero-Covid policy, the tech crackdown and geopolitical risks alongside team shifts from Hong Kong to Singapore.
03/18/2022
UBS sells stake in real estate joint venture
The transaction is expected to close in April 2022, subject to required filings and regulatory approvals.
03/18/2022
Private bank downgrades equity weighting to ‘disinclination’
As it upgrades gold exposure from positive to preference status
03/18/2022
Anglo-South African bank and wealth manager Investec lifts profit forecast
That marks a significant increase on the previous year, when the pandemic hit the lender and profits came in at £377.6million.
03/18/2022
Eleven UBS advisors in the Northeast Private Wealth Market named to the Barron’s Top 1,200 Financial Advisors list
UBS Private Wealth Management has announced that eleven Private Wealth Advisors in firm’s Northeast Private Wealth Management market have been named to the Barron’s Top 1,200 Financial Advisors list for 2022.
03/18/2022
EverNest Financial Advisors Builds on its Independent Position by Partnering With Sanctuary Wealth
Among the team's specialties are helping business owners and corporate executives diversify their assets and prepare for a transition.