Managers of Wealth

Schroders’ commodities team launch first gold equities fund

The fund will be managed by James Luke and Mark Lacey, fund managers in Schroders’ commodities team.

Private banks urge wealthy Asians to shun risk, favour credit

Private banks are also urging investors away from UK property, with UBS Group AG predicting pressure in the real estate market, especially in London, as banks move to other locations in Europe.

Pictet private bank seeks to retain the family touch

He joined the bank in 1984 from a London law firm, becoming a partner seven years later.

GAM buys $4 billion multi-strategy systematic manager

Leading systematic strategies are attracting substantial allocations from investors globally due to their compelling returns and their rigorous, disciplined investment processes.

AFH Financial Profit, Revenue And Funds Under Management Grow

AFH said its balance sheet remains strong, supporting a further push to make acquisitions.

Harwood Wealth Management AUI up

Eleven acquisitions were completed during the period for a consideration of £8m with a further two post period end.

Credit Suisse brings digital private banking to Hong Kong

High net worth individuals increasingly expect to use new technology when it comes to managing their portfolios, survey finds

One of Canada's Biggest Banks Is Buying Chicago's PrivateBancorp

The transaction will significantly expand CIBC's reach in North America, and enable PrivateBancorp to continue building on its record of growth and client service under the leadership of its current management team.

International Wealth Insurer sold to Luxembourg's Foyer

All current contact persons will continue to serve IWI’s distributors and customers, who will also be able to benefit from the wider product offering from Foyer.

Swiss private bank to open first US office

The Brickell location is only representative office in the U.S.

British expats in UAE rush to move money home as pound tumbles after Brexit shock

And with thousands of government workers paid at the end of the month, traders expect even more remittances to be made before the Eid holiday.

Old Mutual to list wealth management arm

The parent company stated it intends to pursue one or more transactions, which will ultimately deliver two separate business entities.

Wealthy mainland Chinese eye bargain homes in UK as Brexit delivers ‘10 per cent discount’

While some investors are keen to buy at lower prices brought about by a weaker pound, experts warn that market uncertainties increase short term risk

Cohen’s Point72 to relocate New York offices to 55 Hudson Yards

Additionally, Point72 anticipates hiring more New York staff.

Singapore’s Sovereign-Wealth Fund Is in Talks to Buy Manufactured-Home Owner

GIC is in negotiations to buy Denver-based Yes! Communities

Stifel Sheds Sterne Agee’s Wealth Management Business

Intl says the acquisition will not result in a material loss for the firm in the first year, and will be accretive in the second year.

Baring Asset Management Launches New Multi-Asset L/S Fund

It is Barings’ first absolute return vehicle and will be offered in a number of share classes.

Brexit hits SA businesses with overseas operations

Financial markets tumbled, causing severe currency volatility and analysts expect aftershocks to continue for the next few days.

Two senior appointments at Butterfield

He joins the bank from ABN AMRO, where he was director of enterprise risk management for the last three years.

Deutsche Asset Management Adds Fourth Fund to Comprehensive Factor ETF Suite

The new fund seeks to track the Russell 2000 Comprehensive Factor Index.

Wealth and Asset Management