02/16/2022
SGKB increases profit
The year 2021 was characterised by further expenses for digital solutions and the ongoing modernisation of the branch network, which is reflected in general and administrative expenses (+6.8 %).
Wealth and Asset Management
02/16/2022
J Safra Sarasin takes full control of Swiss bank in digital push
We are looking forward to continue building and enhancing future digital platforms for clients and financial intermediaries
02/16/2022
China's 'common prosperity' drive positive for wealth management industry - UBS
"Common prosperity" is a policy drive by President Xi Jinping to narrow the gap between rich and poor."
02/16/2022
Kingswood acquires Aim Independent Limited
Aim was founded in 2000 and is run by Phil Watson and Andy Davies
02/15/2022
Asia Named a «Growth Star» for HSBC's Swiss Private Bank
Combined with the relocation of some global and regional roles in support functions, this will lead to some Swiss roles being impacted.
02/15/2022
Private Banking Drops its Traditional Restraint
There is a key metric that sticks out, and one that the sector had difficulty with until recently.
02/15/2022
Sold Sanlam wealth business names new top team
It aims to be the first truly digitally enabled, hybrid wealth business in the UK
02/15/2022
Credit Suisse: Money Paid Out Despite Drug Link
The court is only considering the events from 2007 onwards.
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’