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Close Brothers agrees sale of Close Brothers Asset Management to Oaktree

The Transaction is expected to complete in early 2025 calendar year and is conditional upon receipt of certain customary regulatory approvals

Close Brother Preliminary Results for the year end to 31 July 2024

The FCA's review of historical motor finance commission arrangements announced in January introduced significant uncertainty for the group.

Swiss Private Bank Donates Digital Artwork to Kunsthaus Zurich

This immersive artwork is based on glacier data and innovatively visualizes the dramatic effects of climate change.

Asset managers scramble to appease shareholders on strategy

New leaders have no time to lose and those who act quickly could be rewarded, research suggest

Schroders Capital receives approval to launch UK Venture and Growth LTAF

LTAFs are vehicles designed to enable UK investors with longer-term horizons to invest in more illiquid assets, allowing them to take advantage of the robust returns and diversification benefits of private markets.

Newcomer Private Bank Nears 10 Billion Francs Mark

It now appears that this figure is approaching 10 billion francs.

PIMFA WealthTech opens applications for cyber security Tech Sprint

Business continuity and protection for both the organisation and their clients is paramount

Partners Group teams up with Mediobanca Private Banking

The Italian bank’s high-net-worth clients will have access to Partners Group’s evergreen private equity strategy that’s been running for 17 years.

Corum acquires Aargau asset manager

Independent asset manager Corum has acquired Menziken-based Sensusplus.

‘Business as usual’ at EQ and Quilter after Hawksmoor SDR suspension

EQ Investors and Quilter do not have immediate plans to follow rival Hawkmoor’s move and temporarily suspend sustainable services to new clients due to lack of SDR clarity.

“We’re moving back into an environment that’s more conducive to hedge funds”

The term means that most private-client wealth is held by clients who need income more than capital gains.

Diversity Project Europe: Just 20% of asset managers track social mobility

Ratio of women in asset management declines with seniority

Business Awards UK 2024 Wealth Management Awards Winners and Finalists Announced

Revealing the winners and finalists of the 2024 Wealth Management Awards at Business Awards UK.

UBP expands its asset management business with new staff

His appointment aims to implement a consistent strategy across all markets

Brooks Macdonald to acquire Lucas Fettes Financial Planning

Long-standing relationship culminating in acquisition

Wealth management sector on the rise, but challenges are piling on

One of the most pressing challenges that the wealth management sector is facing is the shortage of skilled talent.

Corum acquires Aargau asset manager

Independent asset manager Corum has acquired Menziken-based Sensusplus.

Succession planning delays leading to transition hiccups

Even among those who do, a notable 24 per cent acknowledge difficulties in integrating the next generation into business life.

Farrer & Co advises Canaccord Genuity Wealth Management on the acquisition of Brooks Macdonald Asset Management (International) Limited

Farrer & Co acted as legal advisor to CGWM UK in connection with the transaction, which represents a significant addition to CGWM UK’s international operations.

Family offices expected to ramp up real estate dealmaking as rate cuts begin

The impacts were felt across private market strategies with closed-end real estate funds posting an average negative return in 2023

Wealth and Asset Management