Managers of Wealth

Citi rejects harassment claims against wealth head Andy Sieg

Carreon’s lawsuit accuses Sieg of ‘spurring on a campaign of unrelenting and egregious sexual harassment, manipulation, and grooming’ against her.

Investigations against Deutsche Bank

The German Federal Criminal Police Office has conducted raids at Deutsche Bank branches in Frankfurt and Berlin.

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.

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