11/07/2023
UBS reports $785m loss as Credit Suisse integration costs swell to $2bn
Quarterly results
Wealth and Asset Management
11/07/2023
The best wealth managers in Monaco for ultra-high-net-worth clients
The annual Wealth Management Index uses peer nominations
11/07/2023
Credit Suisse (Schweiz) AG publishes select performance metrics as part of UBS Group AG’s third quarter 2023 results
The below table summarizes key capital, leverage and liquidity metrics for the quarter end 30 September 2023, also available in today’s earnings material published by UBS Group AG.
11/07/2023
UBS's third-quarter 2023 results
UBS reports strong flows, significant integration progress and accelerated wind-down of non-core assets in 3Q23
11/07/2023
Brookfield Asset Management Announces Strong Third Quarter Results
Strong Fundraising with $61 Billion of Capital Raised Year-to-Date; Remain on Track to Achieve Capital Raising Target of Close to $150 Billion
11/07/2023
Persimmon results see volume improve off a low base
There has been some improvement in this rate since the end of Q3 – the figure for November was 0.59x, although most of the uptick relates to investor sales.
11/07/2023
91% of advisers concerned about losing assets in Great Wealth Transfer
With over half saying they would expect to retain services for a minority of clients’ dependents
11/07/2023
Nikko AM takes stake in specialist sustainable investments firm Osmosis
The deal gets Nikko AM a place on the board of Osmosis (Holdings) Limited and is described as a strategic partnership.
11/07/2023
UBS wants to shed $5B in wealthy clients’ assets
The firm is picking the bits of Credit Suisse it does and does not want.
11/06/2023
DBS Group: Third-quarter net profit rises 18% to SGD 2.63 billion as total income increases 16% to record SGD 5.19 billion
Nine-month net profit up 35% to SGD 7.89 billion, ROE at 18.6%
11/06/2023
How the ‘rising generation’ of UHNWs will shape the future of wealth management
For the annual Family Barometer, Julius Baer surveyed wealth management advisers around the world on the behaviours of the next generation of UHNWs.
11/06/2023
Tandem Bank co-founders launch ‘Prosper’ with £3.2m, aiming to reshape wealth management
Backed by Tom Blomfield, Charles Delingpole, Matt Cooper and a host of other prominent investors
11/06/2023
Third UBP Next Gen Academy a success
This marked the third edition of this innovative learning programme developed in close cooperation with the leading business school INSEAD.
11/06/2023
Titan Wealth receives cash injection from private equity firm
Parthenon will provide Titan with strong financial backing and support its aim to deliver integrated financial advice, investment, and platform services through a client-to-custody strategy.
11/06/2023
Allfunds Private Partners programme onboards KKR
The programme combines the deep asset class expertise and leading investment management capabilities of its members
11/06/2023
New ‘crisis-proof’ fund blends Swiss equity, real estate and gold
New ‘crisis-proof’ fund blends Swiss equity, real estate and gold
11/06/2023
Credit Suisse Wins Decade Old Subprime Case in UK
The bank faced charges of over $160 million in the High Court that it had made misrepresentations related to sales of subprime securities.
11/06/2023
UK asset management sees cautious growth after 2022 slump
This information emerges from the latest EY ITEM Club Outlook for Financial Services.
11/06/2023
Big Swiss Banks Have Clear Reasons to Begrudge Cantonal Institutes
Sergio Ermotti pointed his finger squarely at the cantonal banks not long ago.
11/06/2023
US private equity firm takes control of Titan Wealth
Parthenon Capital has become the majority shareholder in Titan Wealth after making a ‘major’ investment in the business earlier this year.