05/17/2019
Goldman Sachs makes biggest acquisition in nearly 20 years
Major acquisitions have been rare in the post-crisis world as Wall Street firms focus on avoiding the wrath of regulators and politicians.
Wealth and Asset Management
05/17/2019
Facing the Future: How Wealth Advisory Firms Must Strategise and Adapt to Attract NextGen Clients
BNY Mellon’s Pershing is a business-to-business provider of global financial solutions to advisors, asset managers, broker-dealers, family offices, fund managers, registered investment advisory firms and wealth managers.
05/17/2019
Lloyds job ads provide clues about Schroders joint venture
Over 20 roles advertised online mention Schroders venture with salaries up to £100k
05/17/2019
Credit Suisse sets up family office services unit for Greater China's rich
As rich Asians target greater investment diversification and as business owners hand over to successors, family offices are sprouting up in regional financial hubs of Singapore and Hong Kong.
05/17/2019
Meet Tate Edwards, Founder of charity Milly Days and Sanlam graduate trainee
Tate set up the charity with her mother a few years ago and it has gone from strength-to-strength.
05/17/2019
Investec Progresses Demerger; Sees Annual Profit Rise
In the twelve months to March 31, Investec's pretax profit increased 7.8% to GBP687.2 million from GBP637.5 million the year prior.
05/17/2019
Britain's HNWIs consider moving their wealth abroad to pre-empt Corbyn
They fear the damaging impact of a Jeremy Corbyn-led government more than Brexit.
05/17/2019
CS establishes family office unit for China
She reports to Thomas Ang, Head of Family Office Services Asia Pacific.
05/17/2019
Geneva WM launches AM division for institutional clients
It is of our duty to provide superior performance at reasonable costs.
05/17/2019
Wealth management firm Finnomena aims to diversify Thailand’s economic portfolio
Thai fintech startup says wealth management crucial in aging society
05/17/2019
Wealth Management Global Market is Booming Worldwide
North America was the largest region in the global wealth management market, accounting for 36% of the market in 2018.
05/17/2019
Wealth CEO plans new venture after controversial exit
Aram told Wealth Manager he is keen to partner with wealth managers and plans to approach firms in the months after the app launches.
05/16/2019
Rich Asia investors face rising risk in leveraged bond funds
The majority of demand for the fund came from Asia and the strategy will invest in notes from the region too, according to Bouchardy.
05/16/2019
UK wealth management firm rolls out direct-to-consumer app
Lighthouse clients will initially also have access to the app at least until its acquisition by Quilter is finalised
05/16/2019
UBS Eliminates More Than 150 Jobs as It Reviews Staffing
Cutting back-office costs has been a focus of UBS and its crosstown rival Credit Suisse Group AG for years.
05/16/2019
Being Rich in New York Is More About Cash Than Real Estate
The amount of money that qualifies as wealthy can vary wildly by city.
05/16/2019
Deutsche Bank wealth management launches dbXpert
The offering aims to boost personalized wealth advisory service for clients and is based on a flat fee pricing model, with a minimum of two million euros portfolio AUM
05/16/2019
Handelsbanken set to close its three branches in Estonia, Latvia and Lithuania
Handelsbanken has had business operations in the Baltic States for ten years.
05/16/2019
Standard Chartered launches the world’s first Sustainable Deposit
Our new product will bring more private capital to where it matters most
05/16/2019
Vontobel launches Belt and Road Index with China Construction Bank
The Belt and Road Initiative (BRI) represents the largest infrastructure and trade project in the world