10/13/2021
James Hambro assets jump as revenue and profits spike
Chief executive Andy Steel said there were ‘no plans to sell the business’ as AUM rose 32%.
Wealth and Asset Management
10/13/2021
Smaller Private Banks Falling by the Wayside
Small Swiss private banks suffered a net outflow of funds in 2020 for the first time in five years, with a PwC study suggesting continued pressure and a wave of consolidation in the near future.
10/13/2021
JPMorgan profit powered by record M&A fee, reserve release
"JPMorgan Chase delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions," said JPMorgan Chief Executive Jamie Dimon.
10/13/2021
Pandemic precipitates new era of outsourcing
Outsourcing is an often-cited word in the context of managing private client wealth.
10/12/2021
Stephen Wynne-Jones to run both Nucleus and James Hay marketing operations
Joined James Hay in 2019
10/12/2021
Monte dei Paschi merges Private Banking, Corporate Businesses into new unit
The new structure, called 'Business Enterprises and Private Banking,' is a concrete answer to the evolution of needs of the private client
10/12/2021
Schroders Head of UK Intermediary Solutions wins Woman of the Year
In conferring this award, the panel of judges recognised Gillian’s outstanding contribution to the Investment sector of the UK financial services industry.
10/12/2021
The digital agenda outlook, for wealth managers
Client demands have changed and their digital experience is now a real differentiator between firms
10/12/2021
Quintet Closes Swiss Shop
The 87 staff members are currently in a period of consultation.
10/12/2021
Switzerland could ‘modernise banking secrecy law’ to keep wealth crown: Deloitte
The country’s smaller domestic market size and lower profitability of wealth management providers also put it in a weaker position compared to the US and the UK.
10/12/2021
Pimfa unveils adviser guide to bolster DFM relationships
The guide is informed by, and builds on, previous work carried out by the Personal Finance Society and also picks up on a wide range of queries and concerns raised by adviser firms.
10/11/2021
GFG Alliance and Credit Suisse Agree on Debt Deal
Credit Suisse had previously flagged around $2.3 billion of problematic loans exposed to Greensill-linked supply chain finance funds with some $1.2 billion of assets related to GFG.
10/11/2021
Suisse report into Greensill failings hit by delays
Stakes have raised considerably for the Swiss bank after its headquarters were raided by police
10/11/2021
Ocorian completes acquisition
Nordic Trustee will continue to be led by CEO, Cato A. Holmsen and a highly experienced management team.
10/11/2021
Gresham House Strategic drops investment manager after review
Today the trust said it has terminated with immediate effect its investment management agreement with GHAM after an “extensive process” .
10/11/2021
UBS Covered Bond Programme
UBS’s Covered Bond Programme has phased out any reference to Swiss Franc LIBOR.
10/11/2021
A reinvented Franklin Templeton offers wider array of specialisations, solutions and capabilities
The union of these two storied asset managers brings new investment capabilities and more specialisations, backed by Franklin Templeton’s familiar global strength.
10/10/2021
Evergrande reprimands insiders for hitting the exit ahead of wealth product clients, forcing redeemers to return proceeds
Six managers of Evergrande Wealth Management who had redeemed 12 products between May 1 and September 7 ahead of schedule were ordered to return the proceeds, and were reprimanded
10/09/2021
Wealth Management Monthly Market Summary by Rothschild
After major equity indices posted new highs at the beginning of the month, corporate profit warnings, inflation, US tapering concerns as well as signs of weakening global growth put markets under pressure. Central Bank rhetoric became less dovish.
10/09/2021
Women in private wealth
Surveys have shown that men and women can have differing approaches to wealth management, and that women are more sensitive to gender bias.