06/22/2020
Julius Baer expands onshore office in India
Gumashta added, "To stay one step ahead, we have upgraded our digital infrastructure to meet the evolving needs of our clients."
Wealth and Asset Management
06/22/2020
Money showers by Rathbones
The UK debt to GDP ratio has now surged above 100% for the first time in almost 60 years, although it is still well below many other developed nations.
06/22/2020
Rathbones expands multi-asset range
They will invest globally in a combination of government and corporate bonds, listed company shares, structured products and derivatives.
06/22/2020
Sanlam shuts offices and freezes pay in Covid-19 fallout
Sanlam has shut three regional offices and frozen pay as part of a widescale cost-cutting plan in the wake of the pandemic, Wealth Manager has learned.
06/21/2020
Private banks to boost hiring in S'pore: Sources
They reportedly plan to hire around 75 people in offshore Greater China teams, amid HK's political uncertainty
06/19/2020
GAM expects to report 1H loss of 400 mln Sfr
This update is as a result of expected impairment charges on intangible assets driven by the impact of Covid-19 on the Group’s assets under management.
06/19/2020
Irish asset manager sets up wealth operation
It will be run by three former private bankers
06/19/2020
Death of Alain Leclair, founder and former CEO of Paribas Asset Management
An emblematic figure within asset management
06/19/2020
Wealth Management - Driving Transformation through a 360° Client Lens
It is the ‘who, what, why, when and where’ of customer lifecycle management.
06/19/2020
WealthTech Views Report: Using technology to engage with clients
Collating the views from 14 solution providers and thought leaders from across the globe
06/19/2020
Goldman Sachs raises 12-month gold price forecast to $2,000
Goldman has also raised the three-month and six-month price forecasts to $1,800 and $1,900, respectively, from the previous projection of $$1,600 and $1,650.
06/19/2020
Private banks to boost hiring to manage Greater China offshore wealth - sources
Demand for private bankers for the so-called Greater China desks in Singapore has been rising since last year as pro-democracy protests in Hong Kong pushed some clients to consider alternate locations for parking their wealth.
06/19/2020
The Wealth Management Industry May Need to Reevaluate Business Models
Globally, personal financial wealth has nearly tripled over the past two decades, rising from US$80 trillion in 1999 to US$226 trillion at the end of 2019.
06/19/2020
Chase de Vere reveals £3.85m IFA acquisition
Firm says that its ‘actively looking’ for other businesses to join its operation
06/18/2020
Why we think the recovery will be U-shaped
We've gone from predicting a V-shaped recovery to a U-shape, given the difficulties of lifting lockdown.
06/18/2020
Strong May helps wealth managers cut year’s losses to single digits
All of ARC's four private client indices recorded their second consecutive months of positive performance in May, as the sharp rebound from the mid-March lows continued.
06/18/2020
CS and UBS investment banking and WM earnings could drop, says SNB
‘Both of the globally active Swiss banks are well-placed to face the challenges posed by the current difficult environment and support the real economy,’ according to the report.
06/18/2020
Morgan Stanley to Reopen About 50 Branches Next Week
New cases have accelerated in some areas where restrictions have been lifted, and public health officials have expressed concern over the possibility of a resurgence of the virus.
06/18/2020
Transferring wealth: Establishing trusts for multigenerational succession planning
Due to the excellent and professional experience the client had with Vistra, the Settlor of the Trust decided to contribute additional trust funds to the structure.
06/18/2020
How companies can continue to stay relevant in the WealthTech market
GBST was founded back in 1983, when the financial technology sector was still embryonic