Wealth and Asset Management
14895 articles found
Singapore-Based investment Firm Tops $500 Million Private Credit Target
Granite Asia has surpassed its $500 million fundraising target for its Pan-Asia private credit strategy, adding DBS Private Bank and a major insurer to a roster of heavyweight institutional investors. Singapore-based investment firm Granite Asia has raised more than $500 million for its Libra Hybrid private credit strategy, exceeding the target set for the […]
BCGE: An unprecedented half-year performance
In the first half of 2026, BCGE delivered a record-high performance, with operating profit up 24.7% to CHF 138 million and net profit up 26.2% to CHF 119 million. This performance was driven by all of the Bank’s business lines. Assets under management and administration rose by 3.7% to CHF 41.9 billion. BCGE fully […]
Nexedge Capital raises $20 million to expand wealth management platform
Nexedge Capital, a wealth management and multi-family office firm for India’s high-net-worth individuals (HNIs), ultra-HNIs, families and corporates, on Monday announced that it has raised $20 million in a round led by Mirae Asset Venture Investment and Elev8 Venture Partners. The firm will deploy the fresh capital to strengthen its technology platform, expand Nexedge’s […]
AJ Bell Custody Solutions signs Daintree Wealth Management
Daintree will use AJ Bell’s Model B solution, designed to give advisers with more control and flexibility over the client experience. Firms partnering with AJ Bell Custody Solutions retain ownership of the client relationship, while the underlying operations, including custody, trading and administration, is powered by AJ Bell. Firms can also set their own […]
Adoption and awareness of international wealth insurance rise in Asia and the Middle East as annual sales grow to nearly £10bn
International wealth insurance becoming increasingly established in Asia and appetite growing among advisers to recommend these solutions Market growth in the Middle East driven by expanding HNW populations as the DIFC emerges as a key international wealth hub New research from Utmost, a leading global provider of insurance-based wealth solutions, finds growing adoption and awareness […]
VP Bank increases profit to CHF 32.4 million in the first half of 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 […]
Constellation Wealth buys minority stake in Confluence Financial
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 […]
Scotiabank Earnings Lifted by Record Result in Wealth Management, Global Markets Operations
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 […]
Sumitomo Mitsui Trust to enter Vietnam asset management market – report
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 […]
Deutsche Bank to take space at YY London, Canary Wharf, from early 2028
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 […]
Northern Trust Expands Relationship with First Sentier Group to Support Irish Fund Structure
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 […]