Deutsche Bank reports profit before tax of € 1.5 billion, its highest second-quarter profit since 2011
Deutsche Bank has announced its highest second-quarter and half-year post-tax profits since 2011.
Wealth and Asset Management
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VP Bank sets out Asia expansion plans
Asia is a key strategic region for the Liechtenstein-based bank as it invests in technology to meet the challenges of generational transition, according to CEO Paul Arni.
WH Ireland delivers pre-tax profits of £1.4m as discretionary AUM grows
WM AUM remains at £1.6bn
Lending to Wealthy Clients Gives UBS’ Wealth Business a Boost
Several wealth managers have reported that net interest income soared during the second quarter thanks to higher interest rates and steady demand for securities-based loans, mortgages, and other lending products.
Apex Group partners with AlphaCentrix for data management
AlphaCentrix’s middleware and data warehouse solutions provides cutting edge technology solutions for security master, trade capture, price control and review, corporate actions, and to meet the complex custom reporting needs of the client.
WBD's private wealth team top-ranked by Chambers High Net Worth guide
WBD is recognised in London, Bristol, Yorkshire, the North East and Scotland.
The best employment lawyers for senior executives, wealth managers and family offices in 2022
The best employment lawyers will be adept at settling matters swiftly and smoothly, avoiding court where possible – but making sure to do what is necessary to secure the best result for their client.
Sanlam Wealth mulls migration of £7bn AUM to customised platform
Currently, the Sanlam Portal and Platform sit with Chesnara, along with £7bn of assets.
UBS Part of Banking Group Suffering Buyout Lending Loss
Bridge loans play an important role in the completion of individual transactions in takeovers and mergers, and are an integral part of investment banking typically generating a high percentage of the fees and commissions earned in those business units.
Julius Baer announces partial hiring freeze as profits plummet
Rickenbacher attributed the fall in the number of relationship managers to the divestments from several smaller wealth management entities in the last two years.
Simplistic Consumer Duty commentaries mistake value for cheapest price
The new Consumer Duty is a watershed moment for financial services in the UK.
UBS's second-quarter 2022 results
2Q22 net profit of USD 2.1bn, 18.9% return on CET1 capital