09/07/2022
Growth Capital Provider Escalate Capital Partners Secures Investment From Kudu Investment Management
Escalate has invested in over 100 companies, including Homeaway/VRBO, Phreesia, SailPoint, and Virtustream.
Wealth and Asset Management
09/07/2022
Private Market Hub Becomes the First Multi-jurisdictional, Multi-tenant Enabled Solution for Private Equity Firms Globally
Northern Trust funds first to go live on the new multi-jurisdictional environment
09/07/2022
Citi Private Bank and Cambridge Family Enterprise Group Offer a Roadmap for Family Enterprises to Navigate Through the Turbulent 2020s
A global, multigenerational study commissioned by Citi Private Bank and conducted by Cambridge Family Enterprise Group reveals the critical issues and transformation strategies required for family enterprises—and families themselves—to succeed
09/06/2022
7IM launches portfolio for clients with greater risk appetite
7IM’s MPS range comprises of passive, active, and responsible choice portfolios.
09/06/2022
Aegon Asset Management wraps up distribution business in Hong Kong
On Hong Kong Securities and Future Commission’s online registry of institutions, the company confirmed that it has ‘ceased business of regulated activities’.
09/06/2022
Credit Suisse signs agreements with Butterfield and Gasser Partner to sell its global trust business
The transaction with Butterfield is expected to close in the first half of 2023 and is subject to customary conditions, including regulatory approvals.
09/06/2022
Guernsey man named as one of UK’s top 35 under 35 private client professionals
Nominations undergo a rigorous judging process where submissions are considered in the context of the individual’s achievements over the past 12 months, career progression, and quality of the nomination.
09/06/2022
Expect further M&A acceleration in wealth management
The sharp rise in inflation, as well as ongoing supply chain issues and enduring pandemic-related pressures, still pose risks to many groups.
09/06/2022
EFG International opens Representative Office in Israel
The opening of the new Representative Office in Tel Aviv will expand EFG’s coverage of the Israeli market and capture the significant wealth management opportunities in the region.
09/06/2022
CHF 7bn ex-Lombard Odier wealth manager gets banking licence
Cité Gestion was founded in 2009 as a custodian and securities dealer by Lombard Odier. It was bought out by six managing partners in 2017.
09/06/2022
iCapital and Ares Wealth Management Solutions Expand Partnership
Provides financial advisors broader access to Ares’ alternative investment solutions via multiple distribution channels
09/06/2022
2022 is proving a bear market for private wealth managers
This was fuelled by both rising stock markets and record net inflows.
09/06/2022
St James’s Place Upgrades Financial Crime Defences With Napier’s Advanced Screening Tool
With Napier’s AI-enhanced screening solution, St James’s Place can leverage large-scale, ongoing customer screening and re-screening capabilities.
09/05/2022
UBS and Wealthfront mutually agree to terminate merger agreement
UBS will purchase a USD 69.7 million note convertible into Wealthfront shares.
09/05/2022
PE-backed firm Solomon Capital Holding makes second acquisition
Buy-and-build strategy
09/05/2022
Geneva group buys Sberbank Switzerland
The bank will now be called TradeXbank and all of its employees in Zurich will keep their jobs.
09/05/2022
UBS scraps $1.4b deal to buy US digital wealth management firm Wealthfront
“We are continuing to explore ways to work together in a partnership and UBS has given us $70 million in financing at a $1.4 billion valuation,” Wealthfront Chief Executive Officer David Fortunato said.
09/05/2022
Cardea Group acquires Trinkler & Partners and continues on its growth path
Cardea plans to expand its presence in Switzerland by a combination of strategic acquisitions of small to mid-size wealth management firms in parallel with the hiring of individual wealth advisors and their teams.
09/05/2022
Credit Suisse deepens Qatar connection
He is a member of the Al-Thani ruling family of Qatar.
09/02/2022
Quilter to pay £310k over two historic Fos cases
Returns fell from £4k to £160 over four years, before the investment was valued at just £1.