Wealth and Asset Management Archives - Page 41 of 1533

VP Bank increases profit to CHF 32.4 million in the first half of 2026

August 25, 2026

VP Bank increased its profit by 12.7 per cent to CHF 32.4 million in the first half of 2026. Growth in net income from commission business and services offset the decline in net interest income, whilst consistent cost discipline further improved profitability. Assets under management also developed positively. The key financial results Assets under […]

Wealth and Asset Management

Constellation Wealth buys minority stake in Confluence Financial

August 25, 2026

Constellation Wealth Capital (CWC), an alternative asset management firm, has agreed to take a minority holding in Confluence Financial Partners, adding capital and support for the wealth manager’s future expansion. Confluence, an independent wealth management business, oversees about $7.6bn in assets under management, alongside a further $400m in 401(k) plan assets, based on figures […]

Wealth and Asset Management

Scotiabank Earnings Lifted by Record Result in Wealth Management, Global Markets Operations

August 25, 2026

Bank of Nova Scotia notched a rise in earnings in its latest quarter, driven by strong results across its business lines that included a record result from its global wealth management and global banking and markets operations. The big Canadian bank's third-quarter net income rose to 2.95 billion Canadian dollars (US$2.13 billion), or C$2.27 […]

Wealth and Asset Management

Sumitomo Mitsui Trust to enter Vietnam asset management market – report

August 25, 2026

Sumitomo Mitsui Trust Group is preparing to move into Vietnam’s asset management industry, with the entry expected as early as next year through a joint venture with a state-owned lender, reported Nikkei. The planned company will be set up with Bank for Investment and Development of Vietnam. Under the proposed structure, Sumitomo Mitsui […]

Wealth and Asset Management

Deutsche Bank to take space at YY London, Canary Wharf, from early 2028

August 24, 2026

Deutsche Bank has announces that it has secured office space for its infrastructure functions at YY London in Canary Wharf, following an extensive review of options ahead of the expiry of its current lease at 10 Upper Bank Street in July 2028. Canary Wharf houses the bank’s infrastructure functions including technology and operations, while […]

Wealth and Asset Management

Northern Trust Expands Relationship with First Sentier Group to Support Irish Fund Structure

August 24, 2026

Northern Trust has announced it has expanded its relationship with First Sentier Group, having been appointed fund administrator and depositary for First Sentier Group’s Irish fund, the First Sentier Investors Global Umbrella Fund Plc. Northern Trust will provide custody, depositary, fund accounting and transfer agency for the US$14 billion Irish fund structure. The […]

Wealth and Asset Management

AllianceBernstein targets UK retail growth with plan to double assets

August 24, 2026

US asset management giant AllianceBernstein reveals ambition to grow its foothold in the UK retail business over the next five years. The firm with more than £666bn of assets under management worldwide is doubling down on its ambition to increase its UK retail business assets. Its UK retail business is worth around £3.3bn. […]

Wealth and Asset Management

UBS expects higher rents despite low interest rates

August 24, 2026

UBS expects the mortgage reference rate to remain at its historic low of 1.25 percent for some time. However, the situation could change by the end of 2027. At the same time, rents in Switzerland remain under upward pressure despite low interest rates. The reference interest rate, which is crucial for Swiss residential rents, […]

Wealth and Asset Management

Hang Seng Bank doubles down on wealth hubs despite Beijing’s tighter investment scrutiny

August 24, 2026

Hang Seng Bank says it continues to invest in its wealth centre network to capture growing demand from high-net-worth clients, even as Hong Kong’s wealth management industry faces uncertainty amid Beijing’s tighter scrutiny of mainland Chinese investors’ cross-border investments. The Hong Kong lender recently opened a new wealth management centre at Hysan Place in […]

Wealth and Asset Management

Azura Financial launches private banking arm with Stella Private merger

August 24, 2026

Sydney-based brokerage Azura Financial has joined forces with Stella Private to launch Azura Private, a new advisory platform aimed at high-net-worth individuals, families, and corporate clients seeking sophisticated finance solutions. The new venture begins operating from Monday 24 August. A platform built for complex wealth Azura Private brings together Azura Financial's broking capability with […]

Wealth and Asset Management

Major private bank in South Africa fighting prosecution

August 24, 2026

South African private banking group Investec says it has given the Competition Commission the opportunity to withdraw charges against it in the ongoing rand manipulation saga. If the Commission declines to do so, it will approach the Competition Tribunal with the same request, as it believes there is no viable case against it. […]

Wealth and Asset Management

T. Rowe Price To Expand Fixed Income ETF And SMA Capabilities By Acquiring F/m Investments

August 24, 2026

T. Rowe Price Group, Inc. has announced an agreement to acquire F/m Investments LLC, the fixed income asset manager and ETF specialist with approximately $19 billion in assets under management as of July 31, 2026, across exchange-traded funds (ETFs), institutional separate accounts, and both taxable and municipal separately managed accounts (SMAs). The acquisition is […]

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