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Wealth and Asset Management

08/07/2024

Ultra-net-worth, high-net-worth individuals fuel UAE’s strong investment activity

Through the first six months of the calendar year, DFM’s total consolidated revenue grew by 40% to AED305.7 million ($83.23 million), up from AED218.1 million in the same period of 2023

08/07/2024

LGT Crestone carves out increasing role in HNW wealth management sector

The largest companies benefiting from AI were listed offshore.

08/07/2024

Wealth management M&A: strategies for retention of talent

The age profile of the financial advisory profession is heavily weighted towards those in the latter stages of their career.

08/07/2024

Kuwait’s Boubyan Bank selects Temenos to modernize retail, corporate and private banking platform

Boubyan is migrating to Temenos’ modern core banking platform to enhance business agility and operational efficiency

08/07/2024

DBS second-quarter net profit up 4% to SGD 2.80 billion, return on equity at 18.2%

First-half net profit up 9% to record SGD 5.76 billion driven by broad-based growth in total income

08/07/2024

Quilter plc interim results for the period ended 30 June 2024

We delivered a strong performance in the first half of 2024

08/07/2024

L&G Asset Management profits drop 14% following strategy shakeup

The fees involved with merging its investment management and capital divisions proved costly, weighing on its half-year results

08/07/2024

Private banking is not for dabblers, warns HSBC

“The flip side of our plan is that I am going to Hong Kong and back, followed by India, Singapore, Saudi, Kuwait and then the UAE.”

08/07/2024

Singapore banks see wealth fees surge as rich step up trading

DBS’ results wrap up Singapore’s bank earnings season with the trio enjoying higher fund inflows from clients and active trading in financial markets, generating more fees.

08/07/2024

Northern Trust tapped by True Potential for outsourced trading solutions

Northern Trust will provide services across equities, fixed income and exchange traded derivatives, with coverage from multiple trading locations.

08/07/2024

Meet the Mayor of Bellevue, the city that will host our new headquarters

Two key features distinguish life in Bellevue, namely its village spirit and its privileged access points to the lake: Port-Gitana, Port Saladin and le Vengeron.

08/07/2024

Jersey Finance Director Explores Family Offices Strategies

These strategies are aimed at providing long-term stability for future generations and adapting to various economic conditions.

08/07/2024

Can Bali become Asia’s next wealth-management hub?

Jakarta certainly needs to do something to ensure that more of the wealth created onshore stays onshore.

08/06/2024

KGI Unveils Strategic Vision for Elevating International Wealth Management in Hong Kong and Singapore

KGI’s International Wealth Management business is set to embark on a holistic initiative to elevate its wealth management and asset allocation services to cater to the unique needs of each client.

08/06/2024

UnionBank Private Banking reaffirms commitment to helping clients

UnionBank Private Banking treated guests to a top-tier experience as an expression of gratitude for the trust and partnership accorded to them by their clients.

08/06/2024

Voyant and Oxford Risk to launch wealth management planning solution

Partnering with Oxford Risk allows each platform to combine their own strengths.

08/06/2024

Abrdn sees fall in revenues as hunt for new CEO goes on

To address these outflows and attract new clients, the firm says it has implemented a series of initiatives.

08/06/2024

Escala Partners pair jump ship to LGT Crestone

The team also includes Chris Quigley, Steve de Bolfo and Amelia Kelaher who also all joined LGT Crestone from Escala Partners.

08/06/2024

Savvy Wealth completes $26.5 million Series A round

The round also saw participation from existing and new investors, including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund and Alumni Ventures.

08/06/2024

Societe Generale sells UK private bank arm

Paris-based SocGen said the move was designed to make it more streamlined and efficient.

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