Lombard Odier reports half-year results for 2022
Operating income for the first half of 2022 was CHF 689 million, down 4% from the first six months of 2021.
Wealth and Asset Management
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Bank Avera significantly increase half – year profit
Together with slightly lower material expenses and depreciation, the bank achieved a 23.0 percent increase in business profit before taxes.
JO Hambro Capital parent accepts $2.5bn Perpetual bid
Citywire Australia: The merger creates a global asset manager with combined funds under management of $201bn.
Baloise achieves solid financial results for the first half of 2022 as it enters a new strategic phase
The main performance drivers alongside our operational strength were increases in real estate valuations and profit on claims reserves.
Strategic partnership – ETH and UBS launch partnership to promote innovation and entrepreneurship
UBS will also make a donation of up to CHF 20 million to support the construction of a new ETH building on the Hönggerberg campus.
Van Lanschot Kempen announces EGM related to capital return proposal
After the capital return, the CET 1 ratio will remain well ahead of Van Lanschot Kempen’s capital objective of 15%, plus an M&A add-on of 2.5% for acquisitions.
Bonds to Edge Equities
Both equities and bonds were under pressure last week, with the weakness particularly noticeable in the US.
KB launches new premium private banking brand
KB’s new private banking services come 20 years after the firm’s first private banking brand KB Gold & Wise was established.
Credit Suisse Reassigns Private Bankers
Up to one-third of relationship managers for clients booked in Switzerland will be transferred into the unit over the next few months, it adds.
HSBC thrives on changing wealth management needs to deliver growth
The bank’s Investments and Wealth Solutions unit is spearheading initiatives to cater to evolving needs
Allianz in Talks for Asset Management JV Partner in China
Despite the interest, the accelerated race to set up asset management joint ventures by the likes of Blackrock or Goldman Sachs has led to limited potential partners remaining in the market.
UBS sells multi-billion fund platform
UBS Financial Advisors will continue to advise its high net worth and ultra high net worth clients who hold such feeder funds in their portfolios.