05/31/2021
Redemption demands at the fund trigger a hold back clause, which means clients will receive 95% of their funds after two months, with the remaining 5% expected to be paid out in January, after the fund’s year-end audit.
05/31/2021
NAB has completed the sale of the MLC superannuation and funds management business it purchased off Lendlease in 2000 for $4.5 billion.
05/28/2021
The investment objectives and other aspects of all the affected Pools and Funds will remain the same.
05/28/2021
The AGM took due note of the company’s intention to appoint Erik van Houwelingen as a member of the Management Board, with responsibility for Investment Strategies & Solutions.
05/28/2021
The investment maturity and sophistication of the next generation should not be taken lightly and if they expect to generate 10% - 15% revenue out of their capital, wealth managers need to deliver quickly.
05/28/2021
They added that proceeds could be used for a share buyback.
05/28/2021
Newly listed wealth manager buys London adviser
The firm will be integrated into Oberon’s wealth management division following the acquisition.
05/28/2021
It didn't stop there: when investment bankers in the trade finance department learned that companies controlled by Gupta were granted more than $10 billion in credit through a series of investment funds, they alerted compliance executives, according
05/28/2021
The former UBS and JP Morgan heavyweights shaking up private banks across Europe
The company may be a new name in the Square Mile, its management team certainly is not as it consists of some well-known faces in the City and Canary Wharf.
05/28/2021
Utmost Group, which aims to complete the purchase of Quilter International by the end of this year, unveiled assets under administration of £36.7bn at 31 December 2020, compared to £30.1bn at the end of 2019 on the back of the Equitable Life a
05/28/2021
The ranking recognises the astounding growth the business has achieved, now 1,200 people across 16 locations with assets under administration of more than £260bn.
05/27/2021
Hawksmoor consolidates during 2020
Sarah Soar described this as “a very satisfactory result” following such a strong year in 2019, and with the Company having to adapt very rapidly to remote working during 2020 due to COVID-19.
05/27/2021
HSBC Exits U.S. Retail Banking to Target Wealth Business
HSBC will continue investing in US international wholesale banking franchise
05/27/2021
Mercer Advisors Acquires ET George Investment Management
Acquisition of ET George Investment Management, LLC (Registered Investment Adviser), Opens Mercer Advisors' Presence in Mississippi
05/27/2021
For Some Credit Suisse Bankers, WFH Nearing End
Credit Suisse's return in the U.S. coincides with that of other Wall Street bank.
05/27/2021
“We invest in forward-thinking firms to optimise their capital value, providing the framework they need to significantly grow their business, without compromising on client service or independence.
05/27/2021
France’s largest asset manager, Amundi (AMUN: France), began operations with Bank of China’s (3988.Hong Kong) wealth management subsidiary in September, with the former holding 50.1%.
05/27/2021
JPMorgan’s $1 Billion Brother-Sister Team Leaves to Start Own Wealth Firm
The siblings, who have worked together for six years, first at Credit Suisse Group AG’s private-banking group and then at JPMorgan Securities’s Chicago office, often invest together on private deals.
05/27/2021
The firm has four directors, Simon Knighton, Mark Houldey, Andrew Rastrick and David Hindle.
05/27/2021
The Geneva-based company, which has been existing in its current form since 1 January, has over CHF 600m in assets under management, as AGEFI first reported.