01/02/2020
Morningstar flags ‘significant risk’ in AMP advice strategy
Morningstar remains sceptical about embattled wealth manager AMP’s plans to turn around its financial advice business.
Wealth and Asset Management
01/02/2020
Quilter completes £445m sale of assurance business
The proposal for the acquisition of ReAssure came after Swiss Re pulled June plans for its float on the London Stock Exchange and remained on the lookout to dispose of the business to better streamline its operations to continental Europe.
12/31/2019
UBS plans to restructure its unit catering to super rich
The revamp of global wealth management is expected to be incorporated in the bank's strategy update in January.
12/30/2019
Edinburgh boutique bank completes £30 million lending takeover
Hampden & Co says transfer of loan book from Smith & Williamson has attracted more business from wealth managers
12/29/2019
Bankers' pay surges at City's top boutique firms
Average pay at Rothschild was up 57pc to £316,000 for the year to December 2018.
12/27/2019
Banks Set for Biggest Job Cull Since 2015 as Morgan Stanley Cuts
Banks in Europe, which face the added burden of negative interest rates for years to come, account for almost 82% of the total.
12/27/2019
Yellow Brick Road takes wealth off-ramp with Sequoia tie-up
Executive chairman Mr Bouris - who founded Wizard Home Loans and has hosted shows including Australia's Celebrity Apprentice and The Mentor - said the wealth sector exit was ultimately driven by a lack of scale and increasing regulation in the wake o
12/27/2019
ING cuts jobs at private banking arm, but growth ambitions are unchanged
All 16 private banking branches will remain open
12/27/2019
Behind UBS' Super-Rich Revamp
The move effectively means that simply being super-rich won't get you the free shmoozing and perks
12/26/2019
Eleven Years in the Making: Breaking Even on JPMorgan’s Purchase of Bear Stearns
James Dimon got a $30 stock for $10. It took 11 years to close the gap.
12/26/2019
These are the 30 best cities to move to in 2020, according to 20,000 expats
The massive expat network InterNations has published a list of the best cities to live, work, and make friends in 2020.
12/26/2019
HSBC Singapore Announces Digital Wealth Management Solutions
In the past two years, HSBC has made significant investments in enhancing its digital capabilities globally.
12/24/2019
CI Financial builds on U.S. wealth expansion strategy with acquisition
In late November, CI agreed to acquire a majority interest in Surevest Wealth Management of Phoenix.
12/23/2019
Wealth boutique boosts team with double Octopus hire
Blackfinch Group has hired Vince Keen and Mo Khan from rival Octopus Investments to join its business development team.
12/23/2019
Mirabaud Asset Management wins large real estate advisory mandate
As adviser to the ultimate buyer, Mirabaud has demonstrated its due diligence, professionalism and its ability to facilitate the execution of a complex transaction in a timely manner, a key challenge in today’s real estate world.
12/23/2019
Global private equity group buys Wealth Manager
The Harwood Board therefore unanimously recommends that shareholders vote in favour of the resolutions relating to the Acquisition.
12/23/2019
UBS sets up research and analysis department
‘I firmly believe that the new GRAC function will create a competitive advantage that will improve our interactions with all our stakeholders and help us to serve them better.’
12/23/2019
Credit Suisse Sacks Ex-Chief Operating Boss
The second instance of spying was organized by Pierre-Olivier Bouée, the former operating chief of Credit Suisse until he left in October for having Khan tailed.
12/23/2019
UBS Reorganization Claims First Casualty
The reorganization has come as a bit of a shock, says one employee of the bank in Asia who did not envisage the changes to the existing structure or Raju’s consequential departure when he spent time with Khan in early November this year.
12/20/2019
Asset Management’s Biggest Winners and Losers Will Be...
Private markets will account for one-third of the industry’s revenue by 2024, according to Casey Quirk. But active equity funds will feel more pain.