08/15/2023
Chinese wealth management firm stiffs big investors
Five years after regulators urged trust firms to cut property investments, state-backed Zhongrong remains highly exposed to the flagging sector
Wealth and Asset Management
08/15/2023
Deutsche Bank’s Asset Manager Targets ‘Holy Grail’ of World’s Ultra Rich
DWS Group is designing bespoke opportunities for its private wealth channel.
08/14/2023
HK's latest updates to suitability obligations to help private bankers
The new guidelines will reduce the compliance burden on private banks and relationship managers, while strengthening Hong Kong's position as a regional wealth hub.
08/14/2023
AMP's NZ wealth management doubles KiwiSaver net cashflows
The highlight of the otherwise flat first-half results from AMP's New Zealand wealth management business was a more than doubling of net KiwiSaver cashflows.
08/14/2023
Gam Cancels The Egm Scheduled For 18 August 2023
The Board continues to consider the interests of all GAM shareholders and other stakeholders.
08/14/2023
St James’s Place tops Bestinvest ‘Spot the Dog’ report for underperforming AuM
Largest underperforming fund was Baillie Gifford Global Discovery
08/14/2023
Eastern Swiss regional bank increases profit by half
Income from the commission and service business fell by 1.8 percent to CHF 5.8 million
08/14/2023
15 firms circle Close’s wealth business
The bidding process for Close Brother’s UK wealth process has kicked off, with 15 firms expressing interest in the business.
08/14/2023
Odey AM in talks to transfer fund manager Freddie Neave to Landseer
Neave, who runs Odey’s flagship European hedge fund, is in advanced discussions over a transfer to Landseer Asset Management.
08/14/2023
Redburn and Atlantic Equities complete their combination to form Redburn Atlantic
The combined teams comprise over 90 research analysts, 43 distribution and 14 corporate access professionals.
08/11/2023
Serge Fehr is Off and Running at Lombard Odier
All eyes in the Swiss financial industry are currently on Fehr, who headed private banking at Credit Suisse in Switzerland before his move.
08/11/2023
Brown Shipley hands court of protection business to Charles Stanley
The firm’s three-strong CoP team heads over to Charles Stanley amid a wider reorganisation.
08/11/2023
UBS Group AG voluntarily terminates Loss Protection Agreement and Public Liquidity Backstop
Voluntary termination of CHF 9 billion Loss Protection Agreement and CHF 100 billion Public Liquidity Backstop with immediate effect
08/11/2023
Brookfield Asset Management Announces Strong Second Quarter Results
On Track to Achieve Record Inflows of Close to $150 Billion in 2023
08/11/2023
The Disappearing Credit Suisse Trademark
The process has already begun.
08/11/2023
BofA upgrades Quilter and SJP on upside opportunities
Analysts at Bank of America believe growth in Quilter’s adviser headcount and a downward re-rating of shares in SJP pave the way for significant upside potential.
08/11/2023
Sustainable investing with Hamilton Reserve Bank
One of the issues that private banks face today is the requirement for customisation when incorporating sustainability into their business strategies.
08/11/2023
Deutsche puts discretionary portfolios at centre of UK wealth growth
Alessandro Zoino explains how the team uses global investment expertise to build portfolios and where an ESG approach can still offer value.
08/11/2023
UBS promises further milestones at the end of August
UBS management also presented the end of the guarantees and the repayment of the liquidity support as a success to its own employees.
08/10/2023
Fos tells Quilter to pay out over unnecessary adviser charges
There were also annual advisory reviews, charged at 0.25 per cent of the portfolio, with an adviser that is now part of Quilter.