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Wealth and Asset Management

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.

07/13/2023

GAM's largest shareholder supports the Liontrust offer

A shareholder since August 2011, Silchester is familiar with the asset management industry, regulatory approval processes globally, and GAM’s management.

07/13/2023

CEE’s best bank for wealth management 2023: UniCredit

But UniCredit is clearly committed to staying the course.

07/13/2023

Succession Wealth expands its Birmingham HQ

Totalling 64,000 sq ft, the 11-storey development has recently undergone an extensive programme of refurbishment

07/13/2023

Got less than $680,000 to invest? Morgan Stanley doesn’t want your business

Once the review is completed, impacted clients will be contacted and presented with alternative solutions, where appropriate, ensuring a smooth transition.

07/13/2023

There is a lot of catching up to do when it comes to digitization

This is the result of a survey of banks, wealth managers and asset managers by the fintech provider Objectway.

07/13/2023

UBS’s integration of Credit Suisse presents opportunities for smaller wealth managers in Asia-Pacific

The integration of Credit Suisse into UBS and the subsequent restructuring will massively impact the banking giant’s operations in Asia-Pacific

07/13/2023

Latin America’s best bank for wealth management 2023: Banco Santander

It has a strong local presence in each of those markets except Peru, which it serves, along with Ecuador, Colombia and Bolivia, from its Miami hub.

07/13/2023

Sir Trevor McDonald OBE confirms attendance at Private Wealth Forum

Sir Trevor will take part in a fireside chat with Guernsey Finance Chief Executive Rupert Pleasant at the forum, which is the flagship event for Guernsey’s Private Wealth sector.

07/12/2023

Intesa CEO: bank to expand in wealth management thanks to technology

Intesa last month launched Isybank, a cloud-based mobile-only bank powered by Britain's Thought Machine, which Italy's biggest lender is targeting at younger customers with digital skills and a need for only basic banking services.

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