06/23/2020
Bellevue admits to accounting error in 2019 annual report
Not including the revised figures, Bellevue had announced a 30% rise in pre-tax profits to CHF 39m and group net after-tax profit of CHF 11m for 2019
Wealth and Asset Management
06/23/2020
GAM warns on profits as it takes £350m hit
The impairment charge means Gam expects to report a net loss of £338m for the first half of 2020, compared with a £42m net loss for the same period last year.
06/23/2020
St James's Place funds continue to rise
Positive net inflows helped St James's Place increase its year-on-year funds under management in May.
06/23/2020
Transformation of Wealth Management: Five Trends
Wealth Management firms that have not yet repositioned their business models and technology architecture need to future-proof their businesses.
06/23/2020
Private banks to ramp up hiring for Chinese offshore wealth management
The banks now aim to increase hiring by up to 30% over the next year in these units.
06/23/2020
The World's 50 Best Bars Launches Global Fundraising Auction
50 Best is committed to using its platform to help fight for equality in the hospitality sector.
06/23/2020
Sanlam Global High Quality Fund Named as “Top Performer”
Well done again to Pieter and the team for adding yet another accolade to their growing roster which currently numbers 12!a
06/23/2020
Multi-Family Office Opens VCC
The VCC will also allow funds to be re-domiciled in Singapore to better tap into Asian markets and enjoy tax incentives and treatments available to investment funds in the city-state.
06/23/2020
Envysion Wealth Management sets up Variable Capital Company
The first sub-fund strategy under Envysion Global Investments VCC is a unique alternative investment in commodity trade receivables; specifically, in the receivables of nickel.
06/23/2020
In The Digital Age, A Wealth Manager's Best Sales Tool Is Being Human
The winners of tomorrow – the wealth advisors who succeed in building highly successful bionic sales and distribution functions – will not be those who stumble serendipitously on some goldilocks recipe of human and machine.
06/23/2020
Credit Suisse agrees deal to buy into Brazilian digital broker modalmais
Credit Suisse has agreed a deal with digital broker modalmais that could see it buy a stake of up to 35% in the Brazilian company, the Swiss bank said in a statement on Tuesday. Modalmais has nearly 1 million clients, to whom Credit Suisse expects to sel
06/22/2020
The COVID-19 pandemic: How it’s impacting asset management sales teams
Prospecting has been more challenging.
06/22/2020
Global Wealth 2020: The Future of Wealth Management—A CEO Agenda
20th Edition
06/22/2020
Close Brothers announces new CEO
He will take up the new position, and become an Executive Director of the group, with effect from 21 September 2020.
06/22/2020
Julius Baer expands onshore office in India
Gumashta added, "To stay one step ahead, we have upgraded our digital infrastructure to meet the evolving needs of our clients."
06/22/2020
Money showers by Rathbones
The UK debt to GDP ratio has now surged above 100% for the first time in almost 60 years, although it is still well below many other developed nations.
06/22/2020
Rathbones expands multi-asset range
They will invest globally in a combination of government and corporate bonds, listed company shares, structured products and derivatives.
06/22/2020
Sanlam shuts offices and freezes pay in Covid-19 fallout
Sanlam has shut three regional offices and frozen pay as part of a widescale cost-cutting plan in the wake of the pandemic, Wealth Manager has learned.
06/21/2020
Private banks to boost hiring in S'pore: Sources
They reportedly plan to hire around 75 people in offshore Greater China teams, amid HK's political uncertainty
06/19/2020
GAM expects to report 1H loss of 400 mln Sfr
This update is as a result of expected impairment charges on intangible assets driven by the impact of Covid-19 on the Group’s assets under management.