Brown Shipley suffers £2.5m writedown on 2019 buy
The impairment charge was linked to the wealth firm’s purchase of Cambridge-based NW Brown and attributed to a ‘fall in assets under management’.
Wealth and Asset Management
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HSBC Asset Management expands private credit capabilities
These initiatives mark expansions in response to growing institutional interest in the private credit market.
Count sees 104% FUA growth in ‘transformative’ FY24
It also reported $34.2 billion in funds under advice (FUA), which is up 104 per cent from $16.8 billion in FY23.
Nomura plans to add 30-35 wealth bankers across Asia offices in Dubai, Hong Kong & Singapore over next two years: Report
Nomura plans to hire more wealth management bankers in Dubai, Hong Kong, and Singapore, aiming to boost wealth assets outside Japan to $35 billion by next year.
Zürcher Kantonalbank once again achieves a pleasing half-year result
The AAA rating for Zürcher Kantonalbank was confirmed again
Swiss Asset Manager GAM to Expand US Team With Miami Office
The move was driven by demand from US offshore clients, mostly in Latin America
Pictet announces first-half 2024 figures
The Pictet Group's total equity and total capital ratio remained strong.
Azets Wealth Management buys Glasgow-based firm
It offers a range of financial planning services including pensions, investments, family wealth planning, corporate investment, IHT planning and other bespoke requirements.
A survey reveals that nearly half of family wealth consists of financial assets
Despite the trend of diversifying booking centers, nearly half of high-net-worth individuals still keep all their assets in a single country
Geneva-Based Private Bank One Swiss Reports Lower Profits
Following a strong performance in 2023, One Swiss reported a decline in net profit for the first half of the year.
Two directors appointed in VG Private Wealth and Corporate teams
Gabriela Jakubczyk becomes a Director of Corporate and Sheena Huggett becomes a Director of Private Wealth.
BNP Paribas Asset Management launches fixed maturity ETFs
The portfolio typically has a short to medium-term maturity such as three or five years, depending on the investment horizon.