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Standard Chartered PLC Q1’24 Result

A reconciliation of restructuring and other items

Mirabaud banker takes senior post at Top 50 IAM

Flavio Castello Branco has spent over 40 years working in finance, including a stint at Credit Suisse.

Private banks dipping toes into semi-liquid funds but platforms fail to attract

It’s challenging to build a diversified portfolio solely with semi-liquid assets, but European private banks are already using them to complement listed equities and bonds.

Five Arrows announces reset of European CLO, Contego X

This reset transaction attracted strong demand from a wide investor base.

“Coutts were streets ahead of any other bank“ – how we helped USA based clients come home to the UK

Our clients detail how “excellent and truly personalised service” helped them and their family get set up in the UK.

Coutts prepares to dump £2.7bn of UK shares in funds ‘recalibration‘

Coutts CIO Fahad Kamal says that traditionally high allocations to UK shares in portfolios are an ‘anachronism’.

Key considerations for scaling your company in a new market

ZEDRA’s corporate team spends most of its time working with ambitious, high growth companies expanding into new markets.

Ardevora four return with new funds business

Ben Fitchew is one of the quartet of fund managers launching Hueristik Capital a few months after their former employer Ardevora shut down.

Private equity boom in the UK’s wealth management sector

Private equity could be the right product answer for the wealthy in the UK according to some experts in the field.

Asset managers show signs of shift towards investor-centric strategies

The survey conducted by WBR Insights for Northern Trust has revealed evolving priorities within the asset management industry.

Coutts partners with JPMAM to launch alternatives fund

The Coutts Diversifying Alternatives Multi-Manager fund seeks to deliver returns with minimal sensitivity to traditional markets.

Titan Wealth eyes deal for PE-backed rival

Both firms are backed by Ares Management, which provided IWP with a credit line of £103m to fund an acquisition spree.

Abrdn completes sale of €8.6bn European private equity business

The asset manager sells the division to Nasdaq-listed alts specialist Patria Investments in a €117m deal.

HSBC Holdings plc 1Q 2024 Earnings Release

Annualised ECL as a percentage of gross loans and advances to customers was 30bps in 1Q24, including held for sale balances.

IQ-EQ supports the combination of Wavestone and Q_PERIOR by setting up a fiducie

This combination aims to create a new European consulting champion with a global reach, targeting revenue of €1 billion by 2025.

EFG extends buyback of shares to fund its variable deferred share-based employee compensation

The purchase is being executed through open market purchases in a market-sensitive manner by a third party.

SJP sees drop in inflows as it works on review of business

Both programmes are proceeding in line with our plans and expectations, and the financial guidance associated with each of these remains unchanged.

Exceptional Development in the Asset Management Sector

The increase in managed assets (AuM), with an increase of approximately 9 percent increase, was largely attributable to positive market performance in the fourth quarter of 2023.

Fairstone makes changes to organisational structure to drive growth

The change has resulted in six managing directors being appointed with three joining the northern, central and southern regions of the UK.

UBS elite unit gains access from Regenmacher

The team includes a few hand-picked dealmakers who are supposed to negotiate directly with the heads of corporations.

Wealth and Asset Management