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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.

05/06/2021

Credit Suisse Boosts Asia Hiring to Tap Fast-Growing Markets

The bank added more than 100 net Asia hires year-to-date

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