04/16/2020
Schroders boss donates to Covid-19 charities as firm posts AUM loss
Harrison said the firm was “resilient” in the face of “this period of extreme market volatility”.
Wealth and Asset Management
04/16/2020
Charles Stanley revenues rise as heavier trading offsets tumultuous markets
"Current trading is challenging, and at this exceptional time, it is difficult to predict what the outcome for the 2021 financial year might be"
04/16/2020
How wealth management must respond to COVID-19
The speed at which the impact of COVID-19 and governments' reactions to the virus in the shape of lockdowns have been felt across the world is part of what makes the crisis so unique.
04/16/2020
Covid-19 puts brakes on Tilney and Smith & Williamson deal
The new transaction structure would feature a "material" new equity investment and therefore a significant reduction in the external debt levels of the combined group.
04/15/2020
SEC outlook and governance trends for 2020
After a flat budget for fiscal years 2016 through 2018, funding was increased in 2019 to $1.68 billion.
04/15/2020
WMs on the importance of branding and attracting new clients
Three wealth managers tell us how they are promoting their companies to attract new clients.
04/15/2020
Review of the Week: The Bramble Bush
With the virus outbreak still in full swing, some Western nations are already mulling a relaxation of lockdown.
04/15/2020
Bank of America profits slump 45% as it braces for a surge in bad loans
Bank of America reported first-quarter earnings on Wednesday that beat analysts' revenue expectations but fell short of their earnings per share forecasts.
04/15/2020
Goldman’s profit tumbles 46%, but bank posts strongest bond-trading results in 5 years
“Revenues increased in investment banking, global markets and consumer and wealth management. However, the bank took a bath in asset management.”
04/14/2020
Swiss asset manager GAM doubles 2020 cost cuts amid outflows
GAM remains committed to its existing strategy and will provide a further update at the half-year results due for release on 4 August 2020
04/14/2020
Julius Baer to postpone AGM, propose split dividend
The Board of Directors took the decision despite a robust performance in the first quarter and a continued solid capital and liquidity position.
04/14/2020
Pope Francis Starts Emergency COVID-19 Fund
“The private sector is likely to respond to the highest bidder for many of these supplies, that’s just business.”
04/14/2020
Quarterly Update: The Coronavirus Economy
After finishing 2019 on a high, the pandemic provided an unexpected shock for markets in the first quarter of 2020
04/14/2020
Equities still the ‘asset of choice’ for Lombard Odier
The firm suggests to build exposure slowly to the asset class as it expects the global economy to recover during the second half.
04/14/2020
Worst film ever by Tim Price
That’s a company that’s basically 10x’d their market cap.
04/13/2020
Smaller wealth managers will be all the more vulnerable after the crisis
Even if revenues are boosted temporarily, the overall impact on private banking will be disruptive
04/13/2020
How Angolan Elites Built a Private Banking Network to Move Their Riches Into the European Union
The network sent at least $324 million through its banks, with most of the funds originating in Angola.
04/12/2020
U.K. Taps Fintechs and Queen’s Bank for Business Rescue Push
Borrowers have faulted banks as too slow to make crucial loans
04/09/2020
A year of extraordinary growth
One particular new launch attracted interest, the Listed Index Fund J-REIT (Mini) ETF which raised USD10 million in June and was at USD60 million by the end of 2019.
04/09/2020
Brown Shipley finishes NW Brown integration
This region is a hotbed of innovation and entrepreneurialism and this acquisition provides significant opportunities for us to grow here.