02/21/2023
UK unveils plan to draw new asset management regulation
The planned regulation is also expected to facilitate the requirements of UK markets and consumers.
Wealth and Asset Management
02/21/2023
HSBC Wealth takes a hit while global private banking rises in 2022
Revenue was driven by strong growth in net interest income and increases in all global businesses, including Global Private Banking.
02/21/2023
The Penny Group acquires HNW-focused Bright Blue Wealth
Chartered firm wants to acquire more Openwork Partnership firms
02/20/2023
HNWIs inflow to help boost UAE financial wealth to $1trln by 2026
UAE has emerged as an attractive destination for HNWIs following its successful strategy against the Covid-19 pandemic, latest data shows
02/20/2023
Labuan IBFC and SBF successfully co-organised masterclass on Labuan International Business and Financial Centre
The masterclass showcased Labuan IBFC’s sectoral offerings and services and served as a platform for an exchange of ideas
02/20/2023
Generate Significantly More Business Through Financial Stress Testing
The complication was that some of his business dealings were being scrutinized and he wanted to make sure his wealth planning would not cause him any problems.
02/20/2023
Rockefeller Global Family Office Welcomes The Jones Connolly Pollock Group
In addition to The Jones Connolly Pollock Group, this week Rockefeller welcomes Cowles Wealth Partners of Indianapolis, IN to its Midwest Division.
02/20/2023
BofA: European asset managers attract $54bn inflows so far in 2023
Reversal from 2022 outflows
02/17/2023
Citi Wealth Activity Rebounding in Asia
Citi is observing a rebound in wealth management activities in Asia where momentum is shifting after a challenging 2022 that saw various macroeconomic headwinds.
02/17/2023
Private Wealth Systems Recognized as Best Reporting Solution for Family Offices
Private Asset Management Awards Names Private Wealth Systems Best Reporting Solution
02/17/2023
LGT’s plan for equities in the ‘upcoming earnings recession’
Thomas Wille, chief investment officer for LGT Private Banking EMEA, said that we should not expect an immediate return to such low interest rate policies.
02/17/2023
Zurich IAM obtains Finma portfolio manager licence
ISGAM is supervised by FINcontrol Suisse.
02/17/2023
Pictet WM: Gold remains a strategic asset
Demand for the yellow metal is likely to continue, especially if the US moves to monetary easing, say analysts.
02/17/2023
Standard Chartered denies bid rumours as rising rates buoy income
The power of interest rates to turn around a bank’s fortunes was clear for all
02/17/2023
Coutts private bank revenue breaks £1bn for first time
The 2022 record haul for the private bank was fuelled by £2bn worth of inflows over the year.
02/17/2023
Swiss Re reports a net income of USD 472 million for 2022, targets more than USD 3 billion for 2023
Based on Swiss Re's very strong capital position, the Board of Directors will propose a dividend of USD 6.40 per share.
02/17/2023
BNP Paribas Asset Management study shows strong growth in female board membership
The study compares more than 3,000 companies in which BNPP AM invests with around 17,800 listed companies included in the Institutional Shareholder Services[2] (‘ISS’) database.
02/17/2023
RBS International announces annual results for 2022
Deposits totalled £34.6bn, with customer lending at £16.4bn, an increase of £0.9bn on 2022.
02/17/2023
Bank Zimmerberg reserves more for risks
In the smaller commission and service business, an increase of 1.9 percent resulted in income of 3.5 million francs.
02/16/2023
Hargreaves’ cash revenues up 967% as it profits from market fears
The huge surge in margin from cash accounts helped Hargreaves make total revenues of £350m, a rise of 20%.