04/29/2024
Private bank PKB doubles profits thanks to new strategy
PKB Private Bank made a profit of 16.8 million francs in the 2023 financial year .
Wealth and Asset Management
04/29/2024
Deutsche Bank provides information about the legal dispute over the Postbank takeover
While Deutsche Bank continues to strongly disagree with such an assessment, the court's comments influence the bank's assessment of the likelihood of a future payment.
04/29/2024
Market concentration and return dispersion at a turning point
The dispersion in performance between the Magnificent Seven and the rest of the market has been very significant, underscoring the transformative power of AI in reshaping industries and market expectations.
04/29/2024
Bantleon boss eyes further growth after quadrupling AUM with takeover
Bantleon CEO Stephan Kuhnke outlines the challenges of taking over Warburg Invest last year and where the company wants to grow next.
04/29/2024
Macquarie Asset Management finances upgrade and expansion of three Midlands hospitals
The projects will help enhance the accessibility and quality of facilities for each hospital’s patients, visitors, and staff.
04/29/2024
Perpetual in talks with KKR for corporate trust and wealth management unit sale
A potential deal would help KKR further expand its investment management footprint in Australia and Perpetual turn into an asset management business.
04/29/2024
Manulife and Standard Chartered HK team up for private banking
Manulife and Standard Chartered Hong Kong have formally signed an agreement for private banking
04/29/2024
Schroders Capital Teams Up with iCapital to Enable Access to Semi-Liquid Private Equity Strategy
iCapital Marketplace “connects wealth managers, financial advisors, and their clients to a wide selection of alternative investment opportunities offered by the world’s asset managers.”
04/29/2024
HSBC Closes EAM Business in Hong Kong, Singapore
The exit marks a brief stint for HSBC’s EAM business in the region.
04/26/2024
Morgan Stanley Reorganizes Asia PE Business
After 24 years with Morgan Stanley PEA, chief investment officer Andrew Hawkyard will also retire.
04/26/2024
BlackRock Memo Reveals Wealth-Management Shuffle Amid ESG Backlash in Texas
It has faced fierce public criticism from conservative state officials there and lost business over environmentally conscious investing practices.
04/26/2024
Paoletti named to Forbes’ Magazine’s list of Best-in-State Wealth Advisors
Forbes’ Best-in-State Wealth Advisors list comprises a select group of individuals who have a minimum of seven years of industry experience
04/26/2024
J. Safra Sarasin Group Reports Strong Results for 2023
Group net profit rose by 6.9% to CHF 470.3 million in 2023 from CHF 440.2 million in 2022.
04/26/2024
HSBC’s private bank shuts independent asset management business in HK, Singapore
The bank will make the transition as smooth as possible for affected clients
04/26/2024
T+1 Could See Swiss Private Bankers Doing Night Shifts Soon
The Swiss financial hub won't be able to avoid the prevailing trend worldwide towards ever-higher transaction speeds and frequencies for much longer.
04/26/2024
Credent Wealth Management Lands Two New Advisor Firms
Two Independent RIA’s Chose to Join Credent’s Partnership Model
04/26/2024
BNP Paribas Group: Results as at 31 March 2024
BNP Paribas confirms its 2024 trajectory – revenues more than 2% higher than 2023
04/26/2024
NatWest hits close to £1bn in profit in Q1 2024
Operating profit before tax totalled £1,330m for NatWest in Q1 2024, which was higher than the £1,257m in Q4 2023 but lower year-on-year.
04/26/2024
Here’s the scenario that ‘nobody’s really prepared for,’ says UBS Wealth’s CIO
It’s been a roller coaster week for earnings and data, though Microsoft and Alphabet results are cheering up tech.
04/26/2024
Advisers tailor their services as women grow richer
With female clients controlling a bigger share of global wealth, managers are doing more to address their particular needs