07/17/2023
HNW news: Agatha Christie’s retreat set to make a killing and is bigger always better in wealth management?
Hedgehog: News from the Côte d’Azur, the Devon coast, the high seas and London’s financial universe
Wealth and Asset Management
07/17/2023
Ernst & Young scores mega audit deal with UBS bank
EY is taking over from PricewaterhouseCoopers (PwC), following UBS’s recent acquisition of Credit Suisse.
07/14/2023
Asset managers tap top talent to reach private wealth channel
The data also showed a 115% year-over-year increase in the hiring of capital-raising private wealth professionals at alternative asset managers from 2021 to 2022.
07/14/2023
UBP’s Hong Kong CEO on North Asia’s Vast Potential and the Bank’s Well- Articulated Growth Strategy
He explains that China and the North Asia region represent immense opportunities for growth in international wealth management
07/14/2023
Kestra Holdings’ Subsidiaries Shortlisted across Seven Categories for WealthManagement.com’s 2023 Industry Awards
High-volume of nominations reflect Kestra’s ongoing commitment to providing superior service, cutting-edge technology, and a suite of resources to deliver value to its nationwide ecosystem of financial professionals
07/14/2023
CEO Christian Sewing named Banker of the Year by Euromoney
The first Deutsche Bank CEO to receive the long-running award, Sewing was singled out for transforming the bank and advocating for financial integration in Europe.
07/14/2023
Broadridge Awarded Best Global Proxy Voting Service Award at Goodacre’s Systems in The City Awards
Recognised as industry leaders in enabling seamless investor voting and engagement for the fifth year running
07/14/2023
Partners Group reports continued H1 AuM growth and reconfirms full-year fundraising guidance
During the same period, the firm committed USD 5.0 billion to transformational investing across private markets asset classes globally and generated USD 5.4 billion in portfolio realizations.
07/14/2023
ONE Swiss Bank - H1 2023 Financial Results
These positive performance indicators show that our business is well positioned to grow in the current environment.
07/14/2023
BNP Paribas awarded "World's Best Bank" and "World's Best Bank for Sustainable Finance"
In 2023, BNP Paribas took another significant step and ceased all financing dedicated to the development of new oil and gas exploration-production activities.
07/14/2023
Wells Fargo Wealth sees revenue drop but assets rise in Q2 2023
The wealth and investment management arm of Wells Fargo saw revenue drop 2% year-on-year in Q2 2023, from $3,705m to $3,681m.
07/14/2023
Liontrust quarterly assets under management fall but in good shape
This was attributed to net outflows of GBP1.62 billion, while GBP294 million was lost through market and investment performance.
07/14/2023
Carey Olsen named Offshore Firm of the Year at Chambers High Net Worth Awards 2023
National and international law firms across the world were awarded across 11 categories for their outstanding work, impressive strategic growth, and excellence in client service.
07/14/2023
Liontrust makes last minute call to Gam shareholders
The Liontrust offer has been subjected to full and detailed due diligence.
07/13/2023
Pressure on banks = pressure on WealthTechs
Warren Buffets' famous quote: “Only when the tide goes out do you discover who’s been swimming naked.” has rung true yet again.
07/13/2023
Private Banks Zone In on India’s Onshore Wealth
As a result, numerous financial institutions are setting up new private banking divisions or upping their ambitions in the onshore market.
07/13/2023
Caledonia Investments solicits bids for $585 million wealth manager 7IM -sources
Unlike continental Europe where investment products are largely distributed through banks, the UK has a vast network of investment advisory shops that help customers manage their money.
07/13/2023
Standard Chartered Bank’s Group CIO Extols the Virtues of Long-term Views and Flags the Importance of the 60-40 Model for the Average Investor
He points to the continuing importance of the close Standard Chartered alignment between the CIO Office and the bank’s DPM team to help guide wealthy Asian private clients through the confusion.
07/13/2023
Fairstone establishes 'West Midlands Hub' with investment in Dudley's Prosperity Wealth
The growing North East wealth management group says it is looking to back management teams of larger independent financial advice firms
07/13/2023
Brooks Macdonald assets tick up on £100m quarterly inflow
In a trading update this morning, the wealth manager reported a FUM increase of 0.4% in the three-month period ending 30 June, climbing from £16.79bn to £16.85bn.