07/24/2023
Morgan Stanley IM merges away $529m Global HY bond fund
The new strategy will assume the structure of the existing sustainable approach, Citywire Selector has learned.
Wealth and Asset Management
07/24/2023
IHT receipts show £0.2 billion rise year-on-year
Inflationary growth of asset values coupled with frozen allowances* are helping ensure that, as things stand, IHT receipts continue to be a lucrative earner for the Treasury.
07/24/2023
Julius Baer plans new northern UK branch as it pulls in billions
The move comes after the private bank saw a surge in first-half inflows to CHF7bn following the merger of two of its biggest rivals, Credit Suisse and UBS.
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.
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