07/24/2023
Liontrust waives key condition in GAM deal
The requirement for GAM’s fund management services unit to be sold before the takeover deal can go through has been waived.
Wealth and Asset Management
07/24/2023
Abrdn’s small cap boss Glennie sells down Liontrust
Head of smaller companies Abby Glennie shares the biggest changes she has made to the Abrdn funds that she took over when Harry Nimmo retired at the end of 2022.
07/21/2023
St James's Place makes raft of manager and remit changes to fund range
Move towards global and multi-manager approach
07/21/2023
Private banking heats up in the Middle East
Private banks are hiring as fast as they can and expanding their repertoire in Shariah-compliant asset classes.
07/21/2023
Womble Bond Dickinson's private wealth team top-ranked by Chambers High Net Worth guide
WBD is recognised in London, Bristol, Yorkshire, the North East and Scotland.
07/21/2023
Carey Olsen leads offshore firms in Chambers High Net Worth 2023
The firm continues to be ranked as Band 1 for its trusts and private wealth practices in Bermuda, Guernsey and Jersey, and Band 2 in the Cayman Islands.
07/21/2023
UBP: First half-year results 2023
Revenues amounted to CHF 616.4 million in the first half of the year, representing a slight decrease (-0.7%) compared to CHF 620.9 million in the first half of 2022.
07/21/2023
SIX Achieves Good Operating Result in First Half of 2023
In a challenging market environment, dominated by inflation and rising interest rates, SIX achieved a good result for the first half of the year.
07/21/2023
Liontrust: We will not raise our GAM offer
The fund firm is refusing to bow to pressure and raise its offer for GAM, saying the due diligence it has conducted over many months proves the £96m price is fair.
07/21/2023
Indosuez Wealth Management first international private bank certified Great Place to Work in 2023 in Spain
This certification is in line with the Human Project component of Ambitions 2025
07/21/2023
Close tight-lipped over possible wealth sale in trading update
Close Brothers said it was ‘focusing on disciplined growth, cost efficiency and capital optimisation’ but did not address speculation it was considering a sale of its wealth arm.
07/21/2023
Hong Kong, mainland China regulators agree to enhance wealth management and bond connect schemes during 3-day Beijing visit, HKMA CEO says
Mainland officials support the strengthening of Hong Kong’s international financial centre status: chairman of industry body HKAB
07/21/2023
Investors are bullish but expect continued market volatility, says Morgan Stanley
Investor sentiment is rising along with expectation of the Fed navigating a soft landing.
07/21/2023
UBP's Results Reflect Wait-And-See Client Mindset
Net profit was 110.8 million compared with 112.6 million a year before, a 1.6 percent decline.
07/21/2023
Exponential Client Growth Will Continue To Accelerate, Say Wealth Managers And Financial Advisors
As the number of clients personally serviced by wealth managers and financial advisors continues to grow, advancements in technology are expected to play a major role in this trend.
07/20/2023
UBS's $5 Trillion Ambition Already Looks Dated
Speaking at its mid-year conference, the CEO said that in 14 years, reaching $20 trillion of client assets under management is achievable.
07/20/2023
Nomura launches international wealth management business in Dubai, opens new premises in DIFC
Nomura has obtained a Category 4 licence from the Dubai Financial Services Authority (DFSA) to expand the scope of its International Wealth Management business
07/20/2023
Leonteq's First Half Net Profit Hit by Lower Volatility
Trading income fell 90 percent to 17.8 million in the first half, and net fee income increased 7 percent to 123.9 million, resulting in an operating income of 147.1 million, half of what it was a year ago.
07/20/2023
Benchmark adds £755 million with agreement to acquire Unique Financial Planning
Unique will continue to operate independently, but with further support from Benchmark’s technology and training and development, alongside additional group resources across marketing, finance, people management and compliance services.
07/20/2023
Farrer & Co once again recognised in Chambers High Net Worth Guide
The rankings are based on client feedback and in-depth analysis of the best law firms and lawyers in the UK and London.