02/27/2023
James Hambro & Partners hits £5bn as Edinburgh and Leeds pays off
The wealth firm's recent launches in Edinburgh and Leeds helped propel its assets under management above £5bn for the first time in its history.
Wealth and Asset Management
02/27/2023
Abrdn shuts two more multi-asset funds in consolidation cull
Another pair of strategies is being shut as part of Abrdn’s ongoing plan to reduce its total number of funds.
02/24/2023
Savant Wealth Management Acquires $3.3 Billion Capital Directions
First Acquisition of 2023 Marks Savant's Largest; Expands Footprint to Southeast U.S.
02/24/2023
OCBC Group Full Year 2021 Net Profit Rose 35% to S$4.86 billion
Group net profit for FY21 was S$4.86 billion, an increase of 35% from a year ago, underpinned by strong growth in non-interest income and lower allowances, which offset a decline in net interest income amid a low interest rate environment.
02/24/2023
Deutsche Bank Mulled Buying Parts of Credit Suisse
The report said that should Credit Suisse consider hiving off additional businesses, the plans could be reactivated.
02/24/2023
Singapore banks see fall in wealth management fees as rich clients turn cautious
OCBC’s results wrap up Singapore’s latest bank earnings season, where local rivals DBS Bank and UOB also suffered from lower fees managing rich clients’ funds.
02/24/2023
IQ-EQ shortlisted for three awards in 2023 Citywealth Brand Awards
Ellie Cowen, Events & Marketing Executive in our Group Marketing team, has been shortlisted for the ‘Rising Star’ award
02/24/2023
Walker Crips’ wealth management arm to rebrand as Walker Crips Financial Planning
This new name better reflects the full range of financial planning services the team of highly qualified financial planners can offer clients as they look to achieve their short, medium and long-term financial goals.
02/23/2023
UBS Said to be Applying For China Fund License
That opened the door for other institutions to follow suit, including Blackrock, Goldman Sachs, and JP Morgan Chase which have since obtained various licenses from Chinese regulators to expand their businesses in the Middle Kingdom.
02/23/2023
Private Equity Billionaire Jean Salata’s Wealth Jumps On Blockbuster $6.7 Billion Deal
A month earlier BPEA had closed a new fund totaling $11.2 billion, one of the largest private equity funds ever raised by an Asia-based private equity firm.
02/23/2023
Raffles Family Office welcomes Hong Kong Government's initiatives for asset and wealth management industry
The government will also refine regulatory measures and tax arrangements, increase allocation to sustainable investment funds
02/23/2023
Macquarie Asset Management provides acquisition debt financing to Energy Infrastructure Partners
Completion of Energy Infrastructure Partners’ investment in Fluxys was reached in February 2023 following approval by the Belgian regulator.
02/23/2023
Asset Managers as Harbingers of a New Wave of Swiss Mergers
Movement among EAMs was primarily brought about by the change in the regulatory environment requiring firms to apply for a Finma license by the end of 2022.
02/23/2023
Cembra reports strong full-year results, with net income up 5%
Net financing receivables in auto leases and loans increased by 6% to CHF 3.0 billion in the reporting period.
02/23/2023
Julius Baer extends real estate offering in Geneva
Julius Baer announces the launch of a real estate brokerage offering in the Geneva region, one of the most important real estate markets in Switzerland.
02/23/2023
KGI Asia Sage leverages Extramile to craft extraordinary wealth solution
Extramile further empowers KGI Asia's professional team's ability to offer unrivalled structured products solutions based on clients' need anytime, anywhere.
02/23/2023
Vontobel launches two emerging market debt funds
Wouter Van Overfelt to manage both
02/23/2023
Standard Bank Wealth and Investment SA wins Best Private Bank Award
The winners are those institutions whose qualities rate highly with high-net-worth individuals choosing a wealth management provider.
02/23/2023
Rothschild & Co expands North America reach with New Miami Office
Expansion will enhance Global Advisory business by combining the breadth of its advisory offering and unique perspectives to clients in South Florida’s fast-growing, international business and finance hub
02/22/2023
Major League Soccer and RBC Wealth Management announce multi-year partnership
Additionally, RBC Wealth Management's MLS partnership will include brand integration across platforms, including streaming, digital, in-stadium and on-site activation at marquee MLS events.