09/19/2023
Citi: Wealth Client Origination Soars in Asia
In early 2021, Citi announced that it would form a single, fully integrated wealth management unit across segments, from retail to private banking clients.
Wealth and Asset Management
09/19/2023
Wealth management group Evelyn Partners moves into Maxis Bracknell
The new space has desks that can be used by people sitting or standing, as well as 30 meeting rooms, several collaboration stations, and two on-site cafes.
09/19/2023
Evergrande’s woes deepen after police detain staff at its shadow bank
Shares in the company tumbled as much as 26% in Hong Kong on Monday but later recovered most of its losses to close 1.6% lower.
09/19/2023
Mesirow adds $1.2B firm to wealth management offering
New addition is an employee-owned firm based in Chicago.
09/19/2023
Laurent Gagnebin: «We were very selective in hiring from Credit Suisse»
Laurent Gagnebin, Rothschild & Co Bank posted a massive increase in profits in the first half of 2023.
09/19/2023
New Hargreaves Lansdown CEO lays out priorities as profits soar 50%
AUA up 8%
09/18/2023
Swiss private lender UBP says Hong Kong’s family office incentives are attracting interest from wealthy mainland Chinese, overseas clients
The Geneva-headquartered bank has hired 10 senior bankers to tap wealthy clients in mainland China, Hong Kong, Taiwan and other Asian markets for the setting up of family offices in the city
09/18/2023
Rockefeller Global Family Office Further Expands North Carolina Presence as Decision Point Wealth Partners Joins Firm
Decision Point Wealth Partners is led by Managing Director and Private Advisor Chad Pearson and Senior Vice Presidents and Private Advisors Donis Smith and Paul Patterson.
09/18/2023
Private banks turn to local talent for Greater China coverage in SG
Private banks in Singapore are turning to local talent to fill in the gap in relationship managers from China to cover the segment, experts say.
09/18/2023
Broadridge Launches New Financial Advisor Productivity Integrations for Salesforce Financial Services Cloud Customers
Broadridge’s books and records data consolidation, securities lending and financial advisor marketing systems will help Salesforce customers streamline workflows and enhance advisor productivity
09/18/2023
How Waverton strategy clash led Timothy James & Partners to Söderberg
The London-based firm sought a backer that prioritises independent advice and has background in building scale after its relationship with Waverton changed course.
09/18/2023
Customers of collapsed WealthTek set for payout
The Financial Conduct Authority ordered the Newcastle-based wealth manager to cease all regulated activities in April following the discovery of regulatory and operational issues.
09/18/2023
Crestone swoops on disheartened Escala advisers
Among those who have decamped to Crestone over the past six weeks include plenty of big business writers, namely Paul Sealy, one of Escala’s founding partners.
09/18/2023
UBS Looking to Investors for More AT1 Bonds
Now the acquirer UBS, has been testing the waters among investors for the same type of bond.
09/18/2023
Tax deductions: how to optimise Pillar 2 buybacks
In practice, Pillar 2 buybacks involve making one or more payments to rectify your occupational pension shortfall.
09/15/2023
St James’s Place/wealth management fees: new rules bring needed self- reflection
Could lower fees win more customers in the long term?
09/15/2023
Broadridge Launches New Cloud-based Reconciliation & Matching Solution - BRx Match
All-in-one solution solves reconciliations with business-user self-build to improve total cost of ownership and drive trade simplification
09/15/2023
Deutsche Bank and EIB cooperate to give mid-caps easier access to sustainable finance
The cooperation will make a total of 400 million euros available to such companies, with at least half of the loans earmarked for financing projects that boost renewable energy production.
09/15/2023
Royal London Asset Management to limit access to Global Equity Select strategy
Royal London believes this decision is in the best interest of its clients, ensuring that the strategy and its portfolio managers can continue to access all parts of the global equity market.
09/15/2023
Gresham House sets eyes on long-term ambitions as profits climb
AUM up by 5% to £8.3bn