09/01/2023
Evelyn Partners completes the acquisition of Dart Capital
Dart Capital is a well-established boutique wealth manager based in the City of London with £750 million* assets under management and a team of nineteen people.
Wealth and Asset Management
09/01/2023
Paul Lorentz, Manulife Asset & Wealth Management: Canada to Europe, via Asia
As an insurer, Manulife already has a global footprint and a remarkably strong presence in Asia, where it has been operational for many decades.
09/01/2023
Quentin Marshall takes over as CEO at Weatherbys Banking Group
Weatherbys Managing Director has replaced Roger Weatherby as CEO, who will step up to the role of Chairman as part of the family-owned group’s long-term succession plans.
08/31/2023
Pictet announces first-half 2023 figures
The Pictet Group’s total capital ratio remained strong.
08/31/2023
The ESG rules all SJP fund managers must now comply with
SJP's model is to outsource the management of the funds its clients are invested in to third party firms, with the funds then operated under the SJP label.
08/31/2023
Credit Suisse AG, a UBS Group company, announces second quarter 2023 financial results
Provided below is a reconciliation of Credit Suisse’s adjusted results to the most directly comparable US GAAP measures.
08/31/2023
REYL Intesa Sanpaolo triples its net profit in the first half
REYL Intesa Sanpaolo is pursuing an organic growth strategy based on high-potential institutional partnerships and is confident of making further progress in the second half of the year.
08/31/2023
UBS to reduce Swiss workforce by 3,000 in $10 billion cost-cutting move
The world's largest wealth manager could have spun off the business and floated it in an IPO but the domestic bank has been a solid profit-maker for Credit Suisse and last year it was the only division in the black.
08/31/2023
Westbrooke's UK private debt fund achieves R400m record raise from SA investors
This is notable as the large portion of the fund’s investor base comprises South African connected capital.
08/31/2023
2023 1st half-year: Mirabaud announces results in line with its Strategic Objectives and continues to demonstrate its solid financial position
Group assets were CHF 31.5 billion six months earlier.
08/30/2023
Tanja Cuppen not available for reappointment as ABN AMRO Chief Risk Officer
Tanja Cuppen joined ABN AMRO as CRO in October 2017 and was reappointed in April 2021 for a period of three years.
08/30/2023
Key regulatory considerations in wealth management M&A
What constitutes “control” varies depending on the regulatory classification of the Target.
08/30/2023
Vontobel launches private markets offering
Our collaboration with Portfolio Advisors, LLC is the first step we are taking in the implementation of our private markets strategy
08/30/2023
The Rise of Engagement: Opportunities for Wealth Managers
This can range from operational improvements to addressing climate change issues in their corporate strategy.
08/30/2023
Wealth management specialist announces launch of Newcastle city centre office
Operating from Portland House will help the business to benefit immediately from sustainable office space which will accommodate its future needs as operations expand and workforce numbers increase.
08/30/2023
UBS Set for Record Quarter, Plenty of Questions After Takeover
More important than the numbers will be indications of progress in integrating Credit Suisse, particularly with respect to the wealth management business and the future of its Swiss unit.
08/30/2023
Hedge fund veteran lined up to take the helm as GAM chief executive
Activist investor group has named Randel Freeman as its preferred candidate to lead the Swiss asset manager
08/30/2023
Goldman’s woes show how difficult it is to crack advice market
They also have their divisions, and mastery in one area does not always mean you can succeed in another.
08/29/2023
Quilter Cheviot MPS now available on three additional platforms
We have been working closely with platforms for over a decade now
08/29/2023
Credit Suisse Second Quarter Loss Reportedly $4 Billion
Even with such a loss by Credit Suisse, UBS could see a profit of nearly $35 billion in the second quarter