08/21/2020
Envestnet, Inc. Announces Closing of Convertible Notes Offering
The Notes will mature on August 15, 2025, unless earlier purchased, redeemed or converted.
Wealth and Asset Management
08/21/2020
UBP merges European equity fund into cheaper market neutral strategy
The fund will be merged into a strategy with lower costs.
08/21/2020
Standard Bank’s Africa Wealth Report Provides Landmark Research On The High-Net-Worth Segment In Key African Markets
Respondents hailed from a diverse array of industries including real estate, manufacturing, construction, financial services, technology, oil and gas as well as education, entertainment, retail, trade and banking.
08/21/2020
UBS to update wealth management unit’s legal structure to cut costs
The legal changes add to a broader wealth management business revamp.
08/20/2020
Pandemic, low interest rates push private bank investors to alternative assets
Alternatives can be used as a substitute for core bond portfolios, which currently generate very little, if any income.
08/20/2020
Something's moving in the Italian contemporary art scene: the Trust for Contemporary Art
Most of Italy’s most important cultural institutions are public and the participation of private subjects in the cultural sector has been long debated.
08/20/2020
Wealth management in Hong Kong, Singapore hits snag with bankers stuck at home
Already, the likes of UBS Group and JPMorgan Chase & Co have seen the growth of new money in Asia take a hit.
08/20/2020
Morgan Stanley duo establishes advice boutique
The duo is joined by Ryan Loehr, who worked as an associate adviser initially at Morgan Stanley with the two.
08/20/2020
UBS revamps wealth unit structure to free up billions for loans
Rigi partially rolls back measures from the 2008 financial crisis, when Switzerland told UBS to create separate legal entities that would be insulated in the event of a surprise bankruptcy.
08/20/2020
BCV's dividends rise despite 13% net profit drop
CHF 1.1bn of Swisscanto funds were transferred to ZKB.
08/20/2020
EFGAM prepares another FMP launch
The HK asset management arm of Zurich-based EFG International plans to launch its second fixed maturity product (FMP) this year.
08/20/2020
Hang Seng IM, Ping An AM eye wealth connect pilot
Both firms will combine their investment management capabilities to launch a mixed-asset product in Hong Kong.
08/20/2020
Asia Wealth Management Hits Snag With Bankers Stuck at Home
They’ve focused instead on a trading boom among existing clients.
08/20/2020
Julius Baer partners with Beijing WM Institute
The institute was established through the support of the Beijing Municipal Government and Tongzhou District Government.
08/19/2020
VP Bank sees boost in operating income
As of 30 June 2020, custody assets amounted to CHF 6.4 billion, this represented a drop of CHF 0.5 billion from the level of 31 December 2019.
08/19/2020
Thurgauer Kantonalbank shows Stability
Thurgauer Kantonalbank achieved solid results in the first half of 2020.
08/19/2020
Leaving the management of Bank Linth
He is also deputy to CEO David Sarasin and has been responsible for the service center and facility management since the beginning of this year.
08/19/2020
HNW Life Insurance Guide for Financial Professionals launched
A practical handbook to support financial advisors in understanding the unique features of HNW life insurance and how it can help their customers' grow and protect their wealth
08/19/2020
Raiffeisen’s profit falls despite higher income and lower expenses
The company took CHF 75m to strengthen reserves as protection against volatility during the ongoing pandemic.
08/19/2020
StanChart declared best Wealth Management Bank in Ghana at Global Business Outlook Awards 2020
"Our highly skilled and professional local advisory team, coupled with our network of investment specialists, leverage our open-architecture model to help clients assess a comprehensive range of Wealth Management solutions.”