Managers of Wealth

Citigroup hit with lawsuit alleging ‘weaponized’ HR, hostile culture at wealth unit

Former senior wealth management executive’s accusations target Andy Sieg and an HR department that ‘reeks of institutional misogyny.’

Federated Hermes to open Hong Kong office

The US asset manager is seeking to expand its Asian footprint, honing in on the region's wealth and institutional markets.

Restructuring without applause: Bollinger cleans up at Julius Baer

The new Julius Baer CEO is consistently severing ties with external consultants.

Capital Gains Tax receipts for 2025 fall 8.4% to £13.65 billion

HM Revenue and Customs data released today showed that Capital Gains Tax receipts for 2025 were £13.646 billion, down from £14.900 billion in 2024 – a fall of 8.4 per cent.

Edelman Calls Prime Capital’s Request to Pause Lawsuit a 'Transparent Delay Tactic'

The wealth management firm argues that halting litigation would allow Prime Capital to continue its alleged recruitment of Edelman planners.

Scottish Budget: income and wealth tax changes explained

Scottish taxpayers face different rates and bands of income tax for most of their taxable income.

Bill Gates’ $8 Billion Divorce Payout Revealed

At the time, both parties chose to keep the financial terms private, making the recent disclosures one of the clearest glimpses yet into how the settlement was structured.

Billionaires Are Exiting California Ahead of a Possible New Wealth Tax

The measure would cause a 5 percent levy on those with a net worth in the 10 digits.

Wealth Tax Showdown in California: Why Billionaires May Flee and What It Means for State Revenues

At the center of the controversy is a proposed ballot initiative that would impose a one-time wealth tax on California’s estimated 200 billionaires.

Private equity firms escape enforcement action after FCA’s consolidation probe

The regulator did not ask buyout shops to sign any so-called attestations or block any takeover applications, FN can reveal

California Has More Billionaires Than Any Other State—Now Some Are Considering Fleeing as a Wealth Tax Is Proposed

Page, a longtime Palo Alto resident with a reported net worth of $258 billion, is said to be considering a move out of state before year-end.

TISE Signs Memorandum of Understanding with Boursa Kuwait to Strengthen Cooperation

The MoU aims to enhance technical and knowledge-based cooperation between the two parties.

Asset management update – Targeted support, Consumer Composite Investments, statement on the Consumer Duty, client categorisation, and fund liquidity risk management

Firms will need to be of the view that consumers will be in a better position if they receive targeted support than if they had not received it.

Legal,Regulation,Tax & Compliance

Citigroup hit with lawsuit alleging ‘weaponized’ HR, hostile culture at wealth unit

Federated Hermes to open Hong Kong office

Restructuring without applause: Bollinger cleans up at Julius Baer

Capital Gains Tax receipts for 2025 fall 8.4% to £13.65 billion

Edelman Calls Prime Capital’s Request to Pause Lawsuit a 'Transparent Delay Tactic'

Scottish Budget: income and wealth tax changes explained

Bill Gates’ $8 Billion Divorce Payout Revealed

Billionaires Are Exiting California Ahead of a Possible New Wealth Tax

Wealth Tax Showdown in California: Why Billionaires May Flee and What It Means for State Revenues

Private equity firms escape enforcement action after FCA’s consolidation probe

California Has More Billionaires Than Any Other State—Now Some Are Considering Fleeing as a Wealth Tax Is Proposed

TISE Signs Memorandum of Understanding with Boursa Kuwait to Strengthen Cooperation

Asset management update – Targeted support, Consumer Composite Investments, statement on the Consumer Duty, client categorisation, and fund liquidity risk management

Tax reform expected to push Brazilian wealthy to invest more abroad

Monetary Policy Assessment of 11 December 2025

FINMA approves merger of two supervisory organisations

HNWIs have no written record of what they have gifted to loved ones complicating IHT

UBS and a Turning Point for Swiss Banking Regulation

Autumn Budget 2025 deep dive: What Rachel Reeves’ tax reforms mean for private wealth and high-value property

Qivalis, joint venture of a European banking consortium, to launch euro stablecoin in the second half of 2026