08/25/2022
Lombard Odier reports half-year results for 2022
Operating income for the first half of 2022 was CHF 689 million, down 4% from the first six months of 2021.
Wealth and Asset Management
08/25/2022
LGT reports higher profits and strong net asset inflows for the first half of 2022
The first half of 2022 was exceptionally challenging due to the geopolitical and economic uncertainties in international financial markets, which was also reflected in the generally subdued level of client activity.
08/25/2022
Bank Avera significantly increase half - year profit
Together with slightly lower material expenses and depreciation, the bank achieved a 23.0 percent increase in business profit before taxes.
08/25/2022
JO Hambro Capital parent accepts $2.5bn Perpetual bid
Citywire Australia: The merger creates a global asset manager with combined funds under management of $201bn.
08/25/2022
Baloise achieves solid financial results for the first half of 2022 as it enters a new strategic phase
The main performance drivers alongside our operational strength were increases in real estate valuations and profit on claims reserves.
08/25/2022
Strategic partnership - ETH and UBS launch partnership to promote innovation and entrepreneurship
UBS will also make a donation of up to CHF 20 million to support the construction of a new ETH building on the Hönggerberg campus.
08/25/2022
Van Lanschot Kempen announces EGM related to capital return proposal
After the capital return, the CET 1 ratio will remain well ahead of Van Lanschot Kempen’s capital objective of 15%, plus an M&A add-on of 2.5% for acquisitions.
08/25/2022
Bonds to Edge Equities
Both equities and bonds were under pressure last week, with the weakness particularly noticeable in the US.
08/25/2022
KB launches new premium private banking brand
KB’s new private banking services come 20 years after the firm’s first private banking brand KB Gold & Wise was established.
08/24/2022
Credit Suisse Reassigns Private Bankers
Up to one-third of relationship managers for clients booked in Switzerland will be transferred into the unit over the next few months, it adds.
08/24/2022
HSBC thrives on changing wealth management needs to deliver growth
The bank’s Investments and Wealth Solutions unit is spearheading initiatives to cater to evolving needs
08/24/2022
Allianz in Talks for Asset Management JV Partner in China
Despite the interest, the accelerated race to set up asset management joint ventures by the likes of Blackrock or Goldman Sachs has led to limited potential partners remaining in the market.
08/24/2022
UBS sells multi-billion fund platform
UBS Financial Advisors will continue to advise its high net worth and ultra high net worth clients who hold such feeder funds in their portfolios.
08/24/2022
LLB Group with higher profit
The Tier 1 ratio amounted to 18.4 per cent.
08/24/2022
RBC wealth records 4% growth in Q3 2022
In comparison to the previous quarter, net income is up $27m due to higher net interest income reflecting higher interest rates.
08/24/2022
Beacon Pointe and $600M Benchmark Private Wealth Management Join Forces in M&A Partnership
The Partnership marks Beacon Pointe's first Acquisition with a Bank Referral Relationship
08/24/2022
Abrdn on brink of FTSE ejection
The asset manager could be dropped from the FTSE 100 next week, after its share price dived this year.
08/24/2022
Swiss Asset Management Industry Prepares for Uncertain Times
The average profit margin is estimated to be 15 basis points of assets under management.
08/24/2022
Julius Baer keeps focus on wealth management opportunities in Asia
Singapore, Greater China and India are among the countries that are strategically important to the bank
08/23/2022
Citi wealth platform captures increasing investment flows in Asia
Clients invest US$5 billion mostly in fixed-income funds in past three months