09/21/2022
UBS seeing positive client flows this quarter - Khan
UBS, the world’s largest wealth manager, will focus on organic growth in the U.S. market after calling off a planned $1.4 billion acquisition of Wealthfront, Khan said.
Wealth and Asset Management
09/21/2022
Itaú Private Bank reshuffles Miami execs in int'l strategy shift
The Brazilian group has effectively split its commercial efforts into two fronts: commercial strategy and commercial distribution.
09/21/2022
Kleinwort Hambros launches real assets fund with energy edge
Moorea Real Asset fund will invest in infrastructure and property assets.
09/21/2022
Julius Baer acquires stake in GROW Investment Group
The cooperation between GROW and Julius Baer will undoubtedly create value for these clients and support our growth plans for this important market.
09/21/2022
Gilson Gray Financial Management swallows East Lothian peer in seven-figure deal
Gilson Gray Financial Management has acquired North Berwick-based Wallace Financial Planning in a seven-figure deal.
09/21/2022
Evelyn Partners eyes Scotland expansion by signing deal for new Glasgow office
The merged group has deep roots in Glasgow with Smith & Williamson having been founded in the city in 1881.
09/21/2022
The Ties Binding Philipp Rickenbacher and Grégoire Bordier
They are separated by the fierce competition for clients and assets, the divide between Geneva and Zurich as well as fundamentally different corporate philosophies.
09/21/2022
Sanlam Wealth rebrands to Atomos
The rebrand was announced earlier this year.
09/20/2022
Credit Suisse Investment Banking Exit Triggers Turf Battle
The gap left by Credit Suisse in its hedge funds and institutional investor business will not remain filled for long.
09/20/2022
BNP Paribas Wealth Management maintains its winning momentum with 5 more recognitions
Following the PBI awards ceremony earlier this month, BNP Paribas Wealth Management received 5 new awards from the Private Banking industry.
09/20/2022
Warren Buffett’s Granddaughter-in-Law Lili Joins JPMorgan Wealth
She’s part of a division that’s a priority for the biggest US bank.
09/20/2022
Chambers High Net Worth 2022 Recognizes Morgan Lewis for Private Client Work
The team also advises major universities, secondary schools, and cultural organizations on their planned-giving programs.
09/20/2022
Oberon Investments appoints “Wealth Manager of the Year”
Oberon has been extremely successful in growing its funds under management and administration business which now look after over £1 billion of funds.
09/20/2022
Bank CIC makes the new Swiss banking hybrid
Bank CIC is a subsidiary of the French group Crédit Mutuel.
09/20/2022
T Rowe Price moderates position on Asia credit
US-headquartered asset manager changes tack in its latest insight on global asset allocation and the investment environment.
09/20/2022
Signature Bank Named #1 in Private Bank and Business Escrow Services Categories of New York Law Journal’s 13th Annual “Best of” Survey
Also Named Second in Best in Business Bank Category; Consistently Ranked #1 or in Top Three for the Past 13 Years
09/20/2022
Credit Suisse dismisses 21 wealth management staff in Brazil
The employees are mostly support personnel from the wealth management unit.
09/20/2022
Global Wealth Report 2022 – record wealth growth in 2021 tapered by challenging 2022 market environment
Wealth per adult rose 8.4% to USD 87,489. Setting aside exchange rate movements, aggregate global wealth grew by 12.7% in 2021, which is the fastest annual rate ever recorded.
09/20/2022
J. Stern & Co to launch Emerging Markets Debt fund investing in the bonds of high-quality emerging market companies
The Emerging Market Debt Stars Fund will provide an opportunity to generate a 5-6% total return, net of fees, over the medium term, from investing in the bonds of high-quality emerging market companies with strong fundamentals, lower inherent risks, and s
09/19/2022
Mercer International Inc. announces completion of a new €300 million sustainability-linked term revolving credit facility
The New Facility has a five year term, is unsecured and accrues interest at a rate of Euribor plus a stipulated margin.