03/27/2017
Citigroup plans to double South Korea wealth assets by 2020
The bank mark its 50th anniversary in the country this year.
Wealth and Asset Management
03/27/2017
HNA Group Has Ambitions for an Asset Management Empire
HNA Capital is paying US$ 446 million for the stake in the asset management unit.
03/27/2017
Citi Drills Into Korean Wealth
The U.S. bank also announced a target to reach 80 percent of new credit card customer acquisitions via digital.
03/27/2017
ICBC International Signs Framework Agreement with China Renaissance for Long-Term Strategic Cooperation
This framework agreement with CR Group elevates our relationship to a strategic level as we will enhance our cooperation in the areas of corporate finance, capital markets and wealth management.
03/27/2017
Old Mutual break-up on track after US asset arm sale
The company had revealed that it would separate its businesses Old Mutual Wealth, Old Mutual Emerging Markets, Nedbank and OM Asset Management (Omam) into four distinct entities.
03/27/2017
European Wealth takes out 12-month loan facility
The loan will be used to provide adequate working capital for the company in the near term and will ensure that the company can meet its obligations as they fall due.
03/27/2017
Year-on-year growth for Guernsey funds sector
“It is encouraging to see strong annual growth in Guernsey’s funds sector,” said Guernsey Finance Chief Executive Dominic Wheatley.
03/27/2017
One Part of Funds Market Where Money Still Chases Human Managers
That versatility comes with a fee more than double that on exchange-traded funds.
03/27/2017
Accor and Rothschild eye company behind Le Mans and French Open
Should a deal be approved by France’s competition authority, Edmond de Rothschild would own a 51 per cent stake with Accor taking 40 per cent.
03/27/2017
Jupiter’s Merlin team drops Odey
The Merlin team had around £200m in the portfolio as of the final quarter of last year.
03/27/2017
Chopping up Old Mutual gives ex-banker a new challenge
A year after joining to oversee Old Mutual's four-way split, Rob Leith is calling on his dealmaking, financial and people skills to get the job done
03/26/2017
Merrill Lynch and Morgan Stanley: A tale of two fiduciary 401(k) business models
Each firm uses an approach that mitigates risk, but some observers say they're more for show than potential problem solving
03/26/2017
UBS Hires $1.2 Million Merrill Producer in Rochester
The team has an active 401(k) rollover business with baby boomers that they feared would also be affected by Merrill’s tightening fiduciary-rule restrictions on retirement accounts.
03/24/2017
Canaccord Genuity Wealth Management Acquires UK-Based Investment Dealing and Custody Business
The transaction serves to support Canaccord Genuity Wealth Management's growth strategy and its new clients will benefit from access to award-winning expertise, supported by a sophisticated operational and technology platform.
03/24/2017
Private bank urges clients to invest in passive funds
Horseracing’s money manager criticises active funds’ high fees and underperformance
03/24/2017
Credit Suisse Increases Bonus Pool 6%, CEO Thiam Gets $12 Million
Swiss bank handed out $3.1 billion in bonuses for 2016
03/24/2017
Capital Markets Undergo ‘Generational’ Change
The financial industry is going through a generational change in market structure
03/24/2017
Why AI is the ‘biggest opportunity ever’ for asset managers
AI offers the biggest employment opportunity asset management has ever seen
03/24/2017
‘Wearable Sculptures’ Become Collectibles on Their Own
“Artist jewelry is eking out, leaving the art world and becoming more acceptable”
03/24/2017
Hedge fund firm Brevan Howard granted injunction to block Reuters story
Under Britain's legal system, individuals and companies can file for privacy or confidentiality injunctions