07/28/2023
Banca Generali to Launch Swiss Operations in November
The Banca Generali Group expects the Swiss offshoot to generate between five and seven billion euros in inflows from Switzerland in the five years starting in 2024.
Wealth and Asset Management
07/28/2023
GAM Holding AG brings forward date of EGM to 18 August 2023 and Liontrust extends offer period to 4 August 2023
This will allow GAM shareholders to consider the matters being proposed at the EGM earlier than previously scheduled.
07/28/2023
‘We see a positive investment cycle in many industry sectors,’ says Geneva-based manager
Adrian Bignell of Swiss fund boutique Quaero Capital, highlights current opportunities in European small and mid-cap stocks.
07/28/2023
NatWest posts interim growth; IAG swings to profit
This sent stocks in New York lower, after a mostly positive start, having been boosted by a strong economic growth print for the US.
07/28/2023
Barclays combines UK wealth and private banking businesses
To improve customer and client experience
07/28/2023
Measuring what matters
The Julius Baer Foundation adopts ‘The Seven Steps’ approach to measure outcomes that matter.
07/28/2023
WH Ireland seeks £5m to avert collapse after FCA talks
has agreed to a 30% pay cut as the firm battles to survive in adverse market conditions.
07/28/2023
Goldman Sachs Asset Management launches corporate impact and green bond funds
Boost sustainability for fixed income investors
07/28/2023
Allfunds to acquire BCC Iccrea Group's local paying agent business
With this transaction, Allfunds will build upon its position in the Banca Corrispondente or local paying agent business in Italy to better serve customers, while strengthening the partnership with an important financial institution in the country.
07/27/2023
Credit Suisse Tower Could Further Upend Canary Wharf
London's Canary Wharf is a place steeped in history.
07/27/2023
Value Partners Group, Aldiracita Sekuritas and STAR Asset Management Announce Strategic Partnership
The partnership also helps foster closer collaboration between Hong Kong and ASEAN countries and contributes to the healthy development of the region’s wealth and asset management industry.
07/27/2023
Expands Wealth Management Division, Exceeds $1 Billion in Assets Under Management, With Acquisition of Hudson Financial LLC - Form 8-K
This acquisition further accelerates the rapid growth of Pioneer Wealth Management, with assets under management rising sharply from $30 million in 2015 to now exceed $1 billion.
07/27/2023
Stifel's wealth management breaks records even as overall earnings decline
That brought its net income available to shareholders to $125.03 million, a 17.5% decrease from last year.
07/27/2023
Santander sharpens $300bn wealth unit’s focus on UHNW and LatAm clients
The firm's global head of wealth management, Victor Matarranz, spoke to Citywire about how alternatives are key to their UHNW strategy along with boosting its Latin America advisor desks.
07/27/2023
J.P. Morgan Private Bank announces new U.S. Family Office Practice
The U.S. Family Office Practice will be led by William Sinclair, a 17-year veteran of J.P. Morgan and a member of the U.S. Private Bank Operating Committee.
07/27/2023
Digital platforms have potential to tap into next-gen wealth in Asia
Wealth management sectors in key markets across region are set to bloom over the medium to long term
07/27/2023
SJP caps fees for long-term clients in response to consumer duty
This includes a decision to reward clients with long-term investments through an annual product management cap on bond and pension investments after they have been invested for 10 years.
07/27/2023
Zurich-based ESG boutique cooperates with German distributor
Collaboration will start in the second half of 2023.
07/27/2023
SJP shares sink on £859m consumer duty fee cut and stalling flows
Clients rush to cash instead of funds, hitting SJP as regulation changes fee model.
07/27/2023
Vontobel delivers a robust result for the first half of 2023
As a result, institutional investors remained on the sidelines, while private investors sought a professional partner to advise them on how to manage their wealth.