07/28/2023
Goldman Sachs Asset Management launches corporate impact and green bond funds
Boost sustainability for fixed income investors
Wealth and Asset Management
07/28/2023
Allfunds to acquire BCC Iccrea Group's local paying agent business
With this transaction, Allfunds will build upon its position in the Banca Corrispondente or local paying agent business in Italy to better serve customers, while strengthening the partnership with an important financial institution in the country.
07/27/2023
Credit Suisse Tower Could Further Upend Canary Wharf
London's Canary Wharf is a place steeped in history.
07/27/2023
Value Partners Group, Aldiracita Sekuritas and STAR Asset Management Announce Strategic Partnership
The partnership also helps foster closer collaboration between Hong Kong and ASEAN countries and contributes to the healthy development of the region’s wealth and asset management industry.
07/27/2023
Expands Wealth Management Division, Exceeds $1 Billion in Assets Under Management, With Acquisition of Hudson Financial LLC - Form 8-K
This acquisition further accelerates the rapid growth of Pioneer Wealth Management, with assets under management rising sharply from $30 million in 2015 to now exceed $1 billion.
07/27/2023
Stifel's wealth management breaks records even as overall earnings decline
That brought its net income available to shareholders to $125.03 million, a 17.5% decrease from last year.
07/27/2023
Santander sharpens $300bn wealth unit’s focus on UHNW and LatAm clients
The firm's global head of wealth management, Victor Matarranz, spoke to Citywire about how alternatives are key to their UHNW strategy along with boosting its Latin America advisor desks.
07/27/2023
J.P. Morgan Private Bank announces new U.S. Family Office Practice
The U.S. Family Office Practice will be led by William Sinclair, a 17-year veteran of J.P. Morgan and a member of the U.S. Private Bank Operating Committee.
07/27/2023
Digital platforms have potential to tap into next-gen wealth in Asia
Wealth management sectors in key markets across region are set to bloom over the medium to long term
07/27/2023
SJP caps fees for long-term clients in response to consumer duty
This includes a decision to reward clients with long-term investments through an annual product management cap on bond and pension investments after they have been invested for 10 years.
07/27/2023
Zurich-based ESG boutique cooperates with German distributor
Collaboration will start in the second half of 2023.
07/27/2023
SJP shares sink on £859m consumer duty fee cut and stalling flows
Clients rush to cash instead of funds, hitting SJP as regulation changes fee model.
07/27/2023
Vontobel delivers a robust result for the first half of 2023
As a result, institutional investors remained on the sidelines, while private investors sought a professional partner to advise them on how to manage their wealth.
07/27/2023
GKB with higher earning power and a positive outlook
The outlook for the year as a whole is therefore more positive than expected.
07/27/2023
Standard Custody partners with L1 Advisors for new era of digital asset management
The collaboration ushers in a new era of digital asset management, providing financial advisors with a hybrid approach to digital asset custody, management, and advisory for the first time.
07/27/2023
Schroders plc - Half-year results to 30 June 2023 (unaudited)
Mutual Funds and Institutional felt the impact of the “risk-off” market sentiment and saw net outflows of £0.8 billion and £5.3 billion, respectively.
07/27/2023
Coutts CEO Peter Flavel to step down over Farage account row
The ousting of Flavel is one of the first actions taken by NatWest's new interim CEO Paul Thwaite
07/26/2023
Private Banks Split on China Rebound Call
As of late, the spotlight has been placed on Beijing’s commitment to monetary as well as fiscal stimulus, and whether this will be enough to boost growth momentum.
07/26/2023
Goldman to expand wealth arm in Emea, despite cuts elsewhere
Co-heads of wealth management Emea – Stefan Bollinger and Christopher French – explain the rationale behind hiring advisers despite job cuts in other parts of the business.
07/26/2023
EFG International: Record profit of CHF 147.6 million (+47%)
Net new assets totalled CHF 3.0 billion, corresponding to an annualised growth rate of 4.2%, within EFG’s target range of 4-6%.