04/16/2018
Global investment firm Nikko AM launches KiwiSaver Scheme
Nikko AM NZ – recently named Morningstar's NZ Fund Manager of the Year – has over NZ$5 billion under management and is part of a worldwide network of investment professionals.
Wealth and Asset Management
04/16/2018
The ultra-rich want to make money through good causes — but there aren't enough options, UBS says
Along with financial returns, the super wealthy also want their investments to drive positive changes in the world, said Simon Smiles, chief investment officer for ultra-high net worth at UBS Wealth Management.
04/16/2018
Mercer Reports Increase in Assets
New client inflows accounted for approximately $48 billion of the increase.
04/16/2018
Client funds at Charles Stanley slide 4%
A net 7.9% increase in discretionary funds over the period was a positive, the group said.
04/16/2018
Swiss Face Headwinds in Asia
The ten largest banks operating in the Asian growth market last year increased the number of customer advisors by almost 10 percent compared with the year-earlier period.
04/16/2018
UBS Wealth aims to capture “impact delta” in sustainable portfolio
The “ESG Engagement Equities” strategy is being managed by Hermes Investment Management.
04/16/2018
Lombard Odier Inks Indonesia Deal
The Indonesian partnership will also see Lombard Odier work with Bank Mandiri in developing private banking expertise and services.
04/16/2018
Bank of America wealth unit net income surges 34% in Q1
Assets under management totalled $1.08 trillion at the end of March 2018, versus $946.778bn a year ago.
04/16/2018
J. Safra Sarasin launches new AM brand
This new brand better reflects the importance of our asset management business and what we stand for
04/16/2018
HSBC merges European private banks as it gears for growth
He has been at the bank for 12 years in a series of senior roles, including UK market head.
04/16/2018
Getting rich, travelling and avoiding debt – new research shows Brits’ top financial priorities
This is most acutely felt among those imminently facing retirement, with 64% of people aged 55-64 believing saving should start in your 20s.
04/16/2018
German institutional investors have faith in emerging markets
In high-yield bonds in emerging markets, more than 28% had a positive outlook.
04/16/2018
HSBC Private Bank creates new EMEA structure
The move brings together its operations in the UK, Channel Islands, France, Germany, Switzerland and Luxembourg into one regional structure.
04/16/2018
Merrill Lynch notches record revenue of $4B
The firm closed out a strong quarter in which Bank of America laid out plans to aggressively grow its Merrill Edge unit
04/15/2018
Mining for millennials
By 2020, the aggregated net worth of global millennials is estimated to hit between $19tr and $24tr
04/13/2018
Netwealth sells Pathway
A spokesperson for IRESS told Financial Standard the acquisition was a natural step for the software provider, having worked closely with Netwealth for more than a decade.
04/13/2018
Credit Suisse forms Directs & Co-Investments Group
The Directs & Co-Investments Group will advise and assist PFG clients in the structuring and placement of private direct investments into the institutional investor market.
04/13/2018
Ermotti Says Swissness Is Key for UBS Staying No. 1 in Wealth
Ermotti’s comments tempered his previous remarks made in a Bloomberg Markets interview last year.
04/13/2018
How the world’s wealthiest keep it in the family
This idea filtered down to the aristocracy, giving rise to the concept of “stewardship”.
04/13/2018
Here comes Citi ...
The first-quarter results are expected to be smoother and more constructive for banks in general.