05/10/2021
Wealth Managers: Time to Shift your Technology Priorities
Do we continue to invest in front and back office technology solutions? Can we keep pace with the burden of administrative and regulatory change?
Wealth and Asset Management
05/10/2021
JOHCM owner to double US assets following value manager acquisition
The acquisition price represents 7.6x 1H21 EBITDA (annualised, excluding synergies) and is expected to be double-digit EPS accretive in the first full year after completion.
05/10/2021
UBS Dangles $40,000 Bonuses to Slow Junior Banker Defections
Banks are raising pay for junior employees to prevent defections and ease discontent amid a jump in deals and an intensifying focus on work-life issues sparked by the pandemic.
05/10/2021
CI Financial to Acquires Wealth Advisory Firm with US$5.1 Billion in Assets
Acquisition boosts CI’s U.S. Assets to US$63 billion and total assets to US$230 billion
05/10/2021
Global passive assets hit $15tn as ETF boom heats up
Exchange traded funds close to eclipsing traditional index trackers for first time
05/10/2021
Skybound Wealth gains SEC federal licence for US investment advice
Skybound Wealth Management is an independent financial adviser firm with offices in the UAE, Switzerland, USA and the UK.
05/10/2021
UBS Explores Offering Crypto Investments to Rich Clients
Goldman Sachs Group Inc. is pushing deeper into the $1 trillion Bitcoin market and opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price that pays out in cash.
05/10/2021
STM sells Jersey trust and services arm to Guernsey firm
The Sale Companies are principally STM Fiduciaire Limited, along with a number of non-revenue generating support companies, including nominee companies.
05/07/2021
Focus Financial Partners Reports First Quarter Results
Performance Exceeds Expectations, Reinforcing Strong Momentum
05/07/2021
The wealth manager enacting a turnaround to see 230% returns
In a period of regulatory change and market volatility, one wealth manager is leading the charge in share price performance after a difficult few years.
05/07/2021
Sanctuary Wealth Welcomes NavaSync Private Wealth
$250 million team is Sanctuary's 50th to join and first in New Jersey
05/07/2021
China Sets Quota for Wealth Management Link
The quota caps net cash flows in either direction and a quota for the investments of each individual has also been set at 1 million yuan.
05/07/2021
LLB Österreich plans branch in Salzburg
The referral deal extends to potential assets under management totalling approximately EUR 1 billion.
05/07/2021
Credit Suisse Settles Into State of Paralysis
Chairman António Horta-Osório presides over a board which lacks the Swiss institutional knowledge he needs in regulatory terms
05/07/2021
OCBC doubles Q1 profit, rounds up strong outlook for Singapore banks
Net profit for OCBC came in at a record S$1.5 billion in the quarter ending in March
05/07/2021
Key Private Bank Wins 'Best Regional Private Bank' At The 2021 Family Wealth Report Awards
The FWR Awards showcases high-performing providers in global private banking, wealth management and advisor communities.
05/07/2021
Waverton’s Acquisition Of Cornerstone Asset Management
The Charles Russell Speechlys team was led by Partners Andrew Clarke
05/06/2021
Swiss bank Julius Baer leases office space in Swire’s Two Taikoo Place, Quarry Bay, in biggest ‘decentralisation deal’ since 2018
The bank, currently based in Central, has leased four floors in the 41-storey skyscraper, in what Colliers described as the largest ‘decentralisation deal’ in Hong Kong since late 2018
05/06/2021
Rathbone Brothers enjoys solid growth in the first quarter
"Total funds under management and administration rose 2.0% in the first quarter to £55.8 billion reflecting continued good organic growth," said Paul Stockton, the Rathbones CEO
05/06/2021
UBS announces agreement to sell its minority stake in Clearstream Fund Centre to Deutsche Börse
The transaction follows the successful transition of UBS Fondcenter to Deutsche Börse in September 2020.