08/24/2020
Edelweiss witnesses 65% Y-o-Y growth of mobile investors in India
Edelweiss Wealth Management has also seen an increase of 677% in account openings through EMT, in Q1 FY21 as compared to Q1 FY20.
Wealth and Asset Management
08/24/2020
iM Global Partner strengthens the European equities expertise of its OYSTER range
Zadig Asset Management has already been entrusted with the management of the leading fund of the range, the OYSTER Sustainable Europe fund.
08/24/2020
A-rated Bellevue PM says stock could become the ‘Amazon of the health sector’
He said that the company can invest over $1bn each year in growth and could raise $3-4bn on the stock exchange each year.
08/24/2020
Sanctum Wealth: Fuzzy Markets
The market senses that economic activity could be losing momentum.
08/24/2020
Private banking firm relocates to new eco-friendly Nottingham premises
Brown Shipley moves to purpose-built offices at Edwalton Business Park
08/24/2020
Ravenscroft completes acquisition of WH Ireland (IOM) Limited
With immediate effect, the company name will be Ravenscroft (IOM) Limited but will trade as Ravenscroft.
08/23/2020
The future of private banking in Europe: Preparing for accelerated change
European private banks were already feeling pressure to revitalize. Now that the pandemic has accelerated changes in the expectations of clients and employees, the industry will need to accelerate its transformation.
08/23/2020
UBS Group Seeks to Lend Savings From Wealth Management Revamp
The company has been long focused on revamping its key wealth management division. In early 2020, the bank was in news for plans to cut about 500 jobs in the unit.
08/23/2020
Asia wealth management hits snag with bankers stuck at home
The challenge is the majority of private bankers’ business in Asia is coming from offshore
08/23/2020
The Power of Nought: All Twelve of Them by Justin Urquhart Stewart
It has been good news for those shareholders, that their value has gone up like a rocket, but there is a potential downside.
08/21/2020
With bankers grounded by Covid-19 flare-ups, the likes of JPMorgan and UBS see slowdown in Asian wealth management business
More than half of the assets managed by private banks in Hong Kong and Singapore are drawn from outside the two hubs
08/21/2020
Envestnet, Inc. Announces Closing of Convertible Notes Offering
The Notes will mature on August 15, 2025, unless earlier purchased, redeemed or converted.
08/21/2020
UBP merges European equity fund into cheaper market neutral strategy
The fund will be merged into a strategy with lower costs.
08/21/2020
Standard Bank’s Africa Wealth Report Provides Landmark Research On The High-Net-Worth Segment In Key African Markets
Respondents hailed from a diverse array of industries including real estate, manufacturing, construction, financial services, technology, oil and gas as well as education, entertainment, retail, trade and banking.
08/21/2020
UBS to update wealth management unit’s legal structure to cut costs
The legal changes add to a broader wealth management business revamp.
08/20/2020
Pandemic, low interest rates push private bank investors to alternative assets
Alternatives can be used as a substitute for core bond portfolios, which currently generate very little, if any income.
08/20/2020
Something's moving in the Italian contemporary art scene: the Trust for Contemporary Art
Most of Italy’s most important cultural institutions are public and the participation of private subjects in the cultural sector has been long debated.
08/20/2020
Wealth management in Hong Kong, Singapore hits snag with bankers stuck at home
Already, the likes of UBS Group and JPMorgan Chase & Co have seen the growth of new money in Asia take a hit.
08/20/2020
Morgan Stanley duo establishes advice boutique
The duo is joined by Ryan Loehr, who worked as an associate adviser initially at Morgan Stanley with the two.
08/20/2020
UBS revamps wealth unit structure to free up billions for loans
Rigi partially rolls back measures from the 2008 financial crisis, when Switzerland told UBS to create separate legal entities that would be insulated in the event of a surprise bankruptcy.