10/27/2022
Credit Suisse Group announces third quarter 2022 financial results
We believe these actions will lead Credit Suisse to a more stable performance
Wealth and Asset Management
10/27/2022
Wealth management firm sees revenues, profits and assets grow
Revenues of £8.3m were an improvement on the £6.2m figure for the previous year.
10/27/2022
Quilter’s WealthSelect adds to fixed income in ad-hoc rebalance
The WealthSelect portfolios has been underweight to traditional fixed income of late, however will now add to this exposure across risk levels 3-7 in the Managed and Responsible ranges
10/27/2022
German banking group shutters UK private client arm
As part of a cost cutting exercise
10/27/2022
Santander reports attributable profit of €7,316 million for the first nine months of 2022, up 25%
Profit before tax was €11,761 million, down 6% (+3% in current euros), while tax on profit in the period was €3,538 million, resulting in an effective tax rate of 30%.
10/26/2022
Sustainable investing and generating returns go hand-in-hand
The second – investment returns – must anticipate the effect of systems changes on financial markets, and position portfolios to capture the upside as the economy transforms.
10/26/2022
Citi Securities Services Onboards South African Wealth Manager Sanlam Private Wealth
Citi supports Sanlam Private Wealth’s business model transformation
10/26/2022
Deutsche Bank reports profit before tax of € 1.6 billion, its highest third quarter since 2006
The bank aims to achieve these targets by supporting clients in carbon-intensive industries, and financing their transition strategies
10/26/2022
StanChart Profit Up from Record Third Quarter for Markets Arm
The bank posted a 3 percent uptick in operating expenses driven by increased investment-based spending, salary inflation and performance-related pay accruals.
10/25/2022
UBS's third-quarter 2022 results
3Q22 net profit of USD 1.7bn, 15.5% return on CET1 capital and 14.4% CET1 capital ratio
10/25/2022
Coutts relaxes £1m threshold to cater for Adam clients
The private bank has eased its deposit rules after being left with a number of lower net worth clients following Canaccord's acquisition of Adam & Co's investment arm.
10/24/2022
Rothschild & Co Wealth Management in the UK receives two Diversity and Inclusion Awards
The Inclusive Talent Management award recognises an organisation which has developed innovative, creative and effective strategies to attract, recruit and retain high performing and diverse talent.
10/24/2022
Credit Suisse Group reaches settlement in French legacy case
The settlement does not comprise a recognition of criminal liability.
10/24/2022
LGT opens private banking office in Hamburg
LGT will once again have a private banking office in Germany.
10/24/2022
How supporting workers brings business and investment benefits
Companies increasingly recognise the importance of supporting employees through difficult times. Many have taken a long-term view by investing in their people.
10/24/2022
PIMFA celebrates winners of its second Diversity & Inclusion Awards and previews ‘TIDE’ launch
The awards were created last year by PIMFA to shine a light on the excellent, often untold, stories that exist across organisations and among individuals in wealth management and advice industry
10/21/2022
UBS and Microsoft announce landmark expansion of cloud partnership
The partnership furthers UBS’s “cloud first” strategy and the modernization of its global technology estate
10/21/2022
Credit Suisse Divests its Allfunds Holdings
A total of almost 54 million Allfunds shares are to be sold via accelerated book building to institutional investors.
10/21/2022
St James's Place funds and net inflows suffer in 3rd quarter
Net inflows during the third quarter contracted by 15% to GBP2.19 billion from GBP2.59 billion a year before.
10/21/2022
Stonehage Fleming acquires Rootstock Investment Management
One fund to merge