12/20/2023
Activist Investor Steps Onboard at UBS
The stake will be held in the future by the funds Cevian Capital II Master, Cevian Capital Partners, and Cevian Capital II Co-Investment.
Wealth and Asset Management
12/20/2023
UBS wants to sell junk loans in Italy
UBS apparently wants to sell a portfolio of loans to Italian companies that have low credit ratings.
12/20/2023
Ping An Bank: China’s Private Banking Leader
Throughout 2023, global economic challenges and risks related to inflation, interest rates, geopolitical factors, and banking stability have cast a shadow over the capital markets.
12/20/2023
Investec names best Private Bank in the Channel Islands for second year
The awards recognise the very best operators in the Channel Islands wealth management sector, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process.
12/20/2023
Clients care less about ESG than the media – Zurich private bank boss
While some customers are keen on sustainable investing, many are not willing to give up investments in old-economy companies if they think there‘s still profits to be made.
12/20/2023
Evolving Attitudes: High Net Worth Individuals Navigate the Storm
They certainly seem to have an interest in a broader set of subject matters to be initially discussed than what has historically been the case, which has been investment returns.
12/20/2023
Asset managers face tougher rules on investor cash calls
Funds could not raise cash fast enough, though the industry has argued that many parts of the market came under severe stress at that time.
12/20/2023
Despite delivering investors losses of 39% over the past 3 years, Liontrust Asset Management has been growing its earnings
After all, the share price is down 50% in the last three years, significantly under-performing the market.
12/19/2023
Edmond de Rothschild announces a strategic agreement and the acquisition of its third-party Asset Servicing business by Apex Group
This transaction is a noteworthy step in Edmond de Rothschild's strategy to focus on its core areas of expertise in Private Banking and Asset Management.
12/19/2023
How Asset and Wealth Management Firms Can Survive in a New Era
The industry is grappling with an unprecedented set of existential challenges.
12/19/2023
Swiss private bank Mirabaud aims to double LatAm wealth assets
The group is aiming to hit $8bn in assets under management in Latin America over the next six years.
12/19/2023
BNP Paribas hopes China wealth management arm to break even by 2026
CEO of venture remains 'cautious' in face of foreign bank onslaught into market
12/19/2023
FINMA publishes report and lessons learned on Credit Suisse crisis
As a contribution to dealing with the crisis, FINMA has comprehensively analyzed and processed the history, the associated supervisory activities, the acute course of the crisis and the resulting need for change.
12/19/2023
Leonteq acquires 10% stake in BX Swiss
The shares were acquired from the Boerse Stuttgart Group.
12/19/2023
Tavistock Investments posts a profitable first half, robust team growth
Adjusted earnings rocketed twelvefold to £1.7 million and earnings per share flipped from an interim loss in the first half of 2022 to 0.04p this year.
12/19/2023
Atomos sweeps up two more advice firms to close out 2023
Firms in Devon and Surrey to be integrated by the end of March
12/19/2023
Hipgnosis Songs pulls half-year results due to valuation concerns
Royalties fund delays its interims after ‘heavily caveated’ response from manager Merck Mercuriadis to questions over the valuation of assets following two heavily discounted sales.
12/19/2023
Geneva private bank on track for record profits
Banque Cramer’s assets under management reached CHF 3.4bn in November.
12/19/2023
How 2023 became the year of the axe for asset management chiefs
From Matthews Asia’s aggressive reworking to Jupiter’s strategic charm offensive, the past 12 months have been a period of downsizing and redirection.
12/19/2023
ASIC issues infringement notice to Northern Trust Asset Management for greenwashing
ASIC was concerned the information in the PDSs was misleading because the Carbon Emissions Exclusion Screen was not properly applied.