10/28/2020
Swiss bank taps Synpulse-led consortium for OpenWealth platform
An open API standard in asset management enables new business models.
Wealth and Asset Management
10/28/2020
BTG Pactual buys $2.4bn wealth shop in Brazil
The acquisition comes off a busy few months at the firm during which time it has been expanding its advisory business through partnerships with local wealth managers in Brazil.
10/28/2020
Switzerland-based asset manager selects Northern Trust
Group’s Focus on Expanding its Range of Sustainable Solutions Aligned with Environmental, Social and Governance Criteria
10/28/2020
Deutsche Bank swings to surprise profit in third quarter
Our more focused business model is paying off and we see a substantial part of our revenue growth as sustainable.
10/28/2020
Families demonstrate commitment to improving environmental outcomes and reducing inequality
This is particularly interesting when you consider that, to the untrained eye at least, you could presume our clients to be inclined to prioritise returns over values.
10/28/2020
Here’s how European private bank LLB is looking to grow in the GCC
Gulf Business speaks to Ludovic Pernot, head of Private Banking Middle East at LLB, on the Covid crisis and plans ahead
10/28/2020
The Great Reset by Tim Price
“If you’ve ever wondered which side you’d be on in 1930s Germany, now you know.”
10/28/2020
Wells Signs Two $2-Mln-Plus Brokers from Merrill, UBS
Littlejohn, a 31-year industry veteran who was in Merrill’s private wealth management unit for ultra-wealthy clients, left three other advisors who remain with the Thundering Herd.
10/28/2020
Prudence Urged As Families Transfer Wealth Ahead Of The Biden Blue Wave
Biden has announced several proposals to raise taxes on high-income people and businesses.
10/28/2020
Mizuho veterans launch green energy-focused firm
New boutique will target developments designed to aid transition to green energy.
10/28/2020
Butterfield Reports Third Quarter 2020 Results
The core return on average tangible common equity for the third quarter of 2020 was 16.2%, compared to 15.5% for the previous quarter
10/27/2020
HSBC Holdings plc 3Q 2020 Earnings Release
Results in 3Q20 included our share of an impairment of goodwill by our associate, The Saudi British Bank (‘SABB’), of $0.5bn.
10/27/2020
St James’s Place net inflows slow amid ‘challenging’ environment
Funds under management at record high of £118.7 billion
10/27/2020
UAE bank unveils wealth offering for emerging affluent clients
It is an ‘increasingly important segment’ that is ‘expected to grow 5% per year’
10/27/2020
Weatherby’s questions ‘home bias’ of UK stock market investors
Many investors are guilty of ‘home bias’ – having too much money in their own nation’s markets relative to the size of that nation’s market in global terms.
10/27/2020
Charles Stanley adds 5-star managed portfolios to AJ Bell platform
AJ Bell announced the first third-party Managed Portfolio Services to be added to its adviser platform in August, to sit alongside the AJ Bell MPS.
10/27/2020
UBS teams up with VC firm and launches CHF 180m fintech portfolio
UBS Next will invest directly into early-stage fintechs and other tech firms.
10/27/2020
Rothschild & Co AM signs distribution agreement for alts Ucits platform
As a result, the fund management company will take over the InRIS alternative Ucits platform, becoming the exclusive distributor.
10/27/2020
Fairstone chalks up another acquisition, adding 850 clients
A client agreement accessible on Fairstone’s website reads: “Information provided by Fairstone Private Wealth may form part of a recommendation we make to you.
10/27/2020
ZEDRA’s Eyes Firmly Set on Rapid Asia Growth amidst Global Expansion
Bart comments that the whole evolution of trust and trust services in Asia is set against an increasingly difficult and onerous regulatory environment worldwide.