08/03/2020
The new pecking order in Swiss asset management
For this survey, around 850 so-called fund selectors or buyers are asked for their assessment.
Wealth and Asset Management
08/03/2020
Société Générale falls to surprise loss
During the first half of 2020, Societe Generale successfully adapted to the consequences of the health crisis and was therefore able to effectively support its customers and employees, thereby strengthening its position as a trusted partner.
08/03/2020
Chinese Wealth Manager Eyes Singapore Expansion
If successful, Hywin joins numerous other Chinese wealth managers that have recently expanded into Singapore which serves as not only an offensive play to tap into Southeast Asia opportunities and also a defensive play to hedge Hong Kong-related risks.
08/03/2020
HSBC’s First-Half Profit Dive Misses Analyst Forecasts
The bank also warned of expected damage to its core capital ratio as worsening credit ratings impact its risk-weighted asset ratio.
08/03/2020
Wealth management firm completes £25.6m deal
All 33 of its staff will be retained by Mattioli Woods following the deal.
08/03/2020
What the data tells us about the shape of the US economic recovery
Looking at high-frequency data in the US, the key question is whether momentum in consumer spending can be sustained.
08/03/2020
Walker Crips makes 10 redundant and warns on profit
Pre-tax profits were up 97% to 31 March but the economic downturn has led the firm to take a number of cost-cutting measures.
08/03/2020
Willis Owen reveals the best & worst sectors and funds
The UK market also continued to suffer as new lockdowns and changes in travel rules for Spain hit the domestic market.
08/03/2020
Smith & Williamson shareholders approve Tilney takeover
This is a significant transaction and getting to this stage in the midst of a global pandemic is a real achievement.
08/03/2020
HSBC plans up to 3,000 new Asian jobs amid the global carnage
The first batch of 100 “digitally-enabled wealth planners” have been on-boarded in Guangzhou and Shanghai, and the “plan is to reach 2,000-3,000 planners by 2024”, according to Quinn’s presentation slides.
08/02/2020
Challenging times for wealth management
Private investors and family offices are receiving negative news on a regular basis from their financial advisers and there is a misleading amount of contradictory advice as to the most appropriate course of action and risk minimisation strategy.
07/31/2020
Coutts and Adam & Co first half inflow jumps to £1.6bn
Coutts and Adam & Company H1 Results
07/31/2020
Growing Smart(ly) in a Way That Matters
Pathstone Announces the Addition of Cornerstone
07/31/2020
AMP provides update on 1H 20 results
AMP has prioritised servicing clients throughout this period, including temporarily increasing resources
07/31/2020
Cantonal bank warns shareholders of lower profits in H1 2020
‘Barring any further decline in the economic situation and taking into account the very positive commercial developments seen in mortgage financing and private and institutional wealth management, the bank expects a lower overall result over the ye
07/31/2020
Edmond de Rothschild AM liquidates absolute return forex fund
The strategy was closed because of its small size but the asset manager continues to run over currency-based approaches.
07/31/2020
Hightower Makes Strategic Investment in Private Vista
Private Vista is Hightower's 4th transaction in 2020. Including this transaction, Hightower now has 109 advisory businesses in 33 states.
07/30/2020
HSBC Promotes Investment Duo at Private Bank
In addition to developing talent internally, the bank also highlighted Singapore as a key market for its wealth business and underlined specific client segments that bank in the booking center.
07/30/2020
Wealth services provider sets up new Tokyo outpost
The Tokyo location will initially accommodate nearly 42 employees, mostly new hires.
07/30/2020
Pier 21 Asset Management Extends Asset Servicing Relationship with CIBC Mellon
Pier 21 taps into CIBC Mellon services for custody, fund accounting, recordkeeping and foreign exchange processing and settlement