Quintet 2024 net profit rises to €68 million, up 45%
This reflects increases in both private banking assets under management and institutional assets under custody.
Wealth and Asset Management
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Julius Baer's HK and SG team leaders face chop in global restructure
Julius Baer is sweeping away team leader roles in Hong Kong and Singapore as part of a wider restructure to reduce costs.
Arbuthnot Banking Group: Audited Final Results for the year to 31 December 2024
Strategic progress and growth in net assets per share
HSBC Private Bank live with new core banking system, Avaloq Banking Suite
Global giant HSBC has deployed Avaloq’s flagship core banking solution, Avaloq Banking Suite, for its private banking operations.
Eleven UBS Advisor Teams in Arizona Named to Forbes Best-in-State Wealth Management Teams List
Six of the teams are based in Phoenix; two are in Tucson, and three are in Scottsdale.
Julius Baer to Open Lisbon Office in Southern European Push
It will move a team of 14 bankers
Robinhood to bring wealth management, private banking to retail investors
Users with as little as $50 in investments can access portfolios of exchange-traded funds managed by Robinhood's investment experts.
Waverly expands with acquisition of GGM Wealth Advisor
The acquisition adds GGM's $400m in assets under management to Waverly's portfolio, raising its total AUM to about $17.4bn.
Gilt portfolios are comfortably beating cash for wealth managers
Tax rules mean UK government debt portfolios are equivalent to 7% cash savings accounts for higher earners.
Bloomberg's Integrated Buy-Side Solutions Selected by LGT Wealth Management to Help Streamline Workflows and Power Future Growth
Bloomberg's post-trade operations capabilities allow the firm to complete inbound reconciliation processes from their custodian partners, as well.
UBS and SuMi Trust joint venture to acquire Credit Suisse wealth management business in Japan
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
UBS London wealth advisors lured by ex-Goldman Sachs guy
UBS’s people are not just setting up their own firms and going to Lombard Odier, they are also joining Julius Baer.