02/22/2023
Rothschild & Co to Expand Swiss Business as New Money Halved
New money inflows were significantly weaker than in 2021, amounting to 1.013 billion francs last year, compared with 2.017 billion in 2021.
Wealth and Asset Management
02/21/2023
UK wealth manager sets up financial planning service
It can be used as a complementary solution alongside existing adviser relationships
02/21/2023
HSBC Holdings plc Annual Results 2022
This contributed to a strong overall financial performance.
02/21/2023
Brooks Macdonald partners with Intelliflo to support growth plans
It provides wealth planning advice and will become the core solution for advice businesses acquired in the future.
02/21/2023
Santander reportedly in discussions to purchase Abrdn’s private equity unit
Across its investments, adviser and personal businesses, the company claims to manage and administer around £508 billion of assets for clients including individuals, governments, pension funds, insurers, companies, charities and foundations.
02/21/2023
BNP Paribas Asset Management creates Systematic and Quantitative Investment team
The new division will be led by Robinson Rouchié, who has been appointed Chief Investment Officer, Systematic & Quantitative Investments, reporting to Rob Gambi, Global Head of Investments.
02/21/2023
UK unveils plan to draw new asset management regulation
The planned regulation is also expected to facilitate the requirements of UK markets and consumers.
02/21/2023
The Penny Group acquires HNW-focused Bright Blue Wealth
Chartered firm wants to acquire more Openwork Partnership firms
02/20/2023
BofA: European asset managers attract $54bn inflows so far in 2023
Reversal from 2022 outflows
02/17/2023
LGT’s plan for equities in the ‘upcoming earnings recession’
Thomas Wille, chief investment officer for LGT Private Banking EMEA, said that we should not expect an immediate return to such low interest rate policies.
02/17/2023
Zurich IAM obtains Finma portfolio manager licence
ISGAM is supervised by FINcontrol Suisse.
02/17/2023
Pictet WM: Gold remains a strategic asset
Demand for the yellow metal is likely to continue, especially if the US moves to monetary easing, say analysts.
02/17/2023
Standard Chartered denies bid rumours as rising rates buoy income
The power of interest rates to turn around a bank’s fortunes was clear for all
02/17/2023
Coutts private bank revenue breaks £1bn for first time
The 2022 record haul for the private bank was fuelled by £2bn worth of inflows over the year.
02/17/2023
BNP Paribas Asset Management study shows strong growth in female board membership
The study compares more than 3,000 companies in which BNPP AM invests with around 17,800 listed companies included in the Institutional Shareholder Services[2] (‘ISS’) database.
02/17/2023
RBS International announces annual results for 2022
Deposits totalled £34.6bn, with customer lending at £16.4bn, an increase of £0.9bn on 2022.
02/16/2023
Hargreaves’ cash revenues up 967% as it profits from market fears
The huge surge in margin from cash accounts helped Hargreaves make total revenues of £350m, a rise of 20%.
02/16/2023
NatWest acquires controlling stake in workplace pension fintech for £144m
The company, which provides pensions and savings services via its mobile app, offers customer highly personalised solutions, along with eco-conscious investments.
02/16/2023
Connect adds Investec to lender panel
Investec offers residential and buy-to-let mortgages for high-net-worth individuals with an income of more than £300,000.
02/16/2023
Accountancy group sets up wealth management arm
Company hires former director of an SJP partner firm to run the operation