02/15/2022
Credit Suisse: Money Paid Out Despite Drug Link
The court is only considering the events from 2007 onwards.
Wealth and Asset Management
02/15/2022
Partners Group closes its third direct infrastructure program with total commitments of USD 8.5 billion
The closing follows an intense period of investment activity for the firm, with USD 5.4 billion committed in 2021 to infrastructure assets and companies that reflect the firm's thematic investment convictions.
02/15/2022
New Credit Suisse Paymaster Has Bonus Cutting History
Credit Suisse has already announced bonuses for 2021 which saw a 32 percent cut to the bonus pool, with senior employees to get 497 million Swiss francs in total.
02/15/2022
Sanctuary Announces First Deal in Partnership Program
Sanctuary has taken minority stakes in those firms and helped them create an entity called 6 Degrees with the intention that the firms launch an acquisition strategy in the Southwest.
02/15/2022
Butterfield declares 2021 profit of $162.7m
“With an improved interest rate outlook for 2022, we are well positioned with Butterfield's historically asset sensitive balance sheet."
02/15/2022
FNZ raises $1.4b in one of largest ever funding rounds in wealth management
This was one of the largest ever primary equity raises in the wealth management sector as FNZ looks to firmly expand geographically and innovate.
02/15/2022
Discussing top trends in 2022 for the Wealth Management sector
Firms need to deploy exciting ways to gain the audience’s attention and win new clients
02/15/2022
Zoe inks partnership with Wealth Manager
Partnering with Zoe has been a great step towards helping more clients find an advisor to guide them to their 'why.' Each client has unique dreams and in collaboration with Zoe we want to provide them the tools to make them come true.
02/14/2022
Blackstone acquires majority stake in wealth management firm
The deal, which according to market participants valued the company at around $1 billion, was through a secondary transaction with senior employees also selling an 11% stake to Blackstone. Blackstone and ASK Group declined to comment on the financial term
02/14/2022
HSBC trims private bank staff and reduces office space in Switzerland
Lender relocates some workers to cheaper countries as it continues cost-cutting push
02/14/2022
HSBC’s Private Bank Plans Zurich Hires as Part of Wealth Push
The expansion comes as the bank reduces the size of its Geneva office as part of a pandemic-driven shift to flexible work, in addition to moving more back-office operations to cheaper locations.
02/14/2022
CREALOGIX wins the IBM Ecosystem Award 2021
By winning the IBM Ecosystem Award in the category Innovation Partner of the Year, CREALOGIX stresses its position as a developer of innovative solutions in digital banking.
02/14/2022
Tavistock backs out of £3.7m IFA acquisition
Deal is no longer in the firm’s ‘strategic interests’
02/12/2022
Are Swiss banks’ glass ceilings for women ready for a real shattering?
As one of the world’s most conservative financial preserves, Switzerland’s clannish private banks have in recent years had to adapt to a changing world
02/11/2022
CAIS Brings Customized Alternatives Platform to Focus Financial Firms
The CAIS Platform will make alternative investment strategies seamlessly available
02/11/2022
JTC Raises Over £86K Through Global Employee-Led Educational Charity Fundraising Initiative
The total was reached through the combination of an original donation by JTC and employee fundraising
02/11/2022
Pictet Gets Green Light
The Pictet Group's ambition is to achieve Platinium rating for the new building, the highest level of SNBS, LEED and WELL certification possible.
02/11/2022
Zürcher Kantonalbank achieves record profit of CHF 942 million for 2021
In view of the good 2021 result, the Board of Directors has decided to increase the ordinary dividend for the Canton of Zurich and its municipalities by 21% to CHF 431 million.
02/11/2022
FNZ raises US$1.4bn in new capital
FNZ partners with the entire industry to make wealth management and financial advice accessible to more people.
02/11/2022
Bank WIR achieves top results with strong growth
Our diversification strategy is paying off, we are in excellent health and can therefore more than sustainably confirm the results of previous years