12/20/2023
IN BRIEF: Arbuthnot extends tier two Proventus loan to GBP26 million
The loan is expected to be drawn June 3, 2024 and to mature June 3, 2034.
Wealth and Asset Management
12/20/2023
Presentation of the Global Outlook 2024: A year full of opportunities on the markets
As 2023 draws to a close in a context of falling inflation and normalisation in view of monetary policies, 2024 should offer investors many opportunities.
12/20/2023
Activist Investor Steps Onboard at UBS
The stake will be held in the future by the funds Cevian Capital II Master, Cevian Capital Partners, and Cevian Capital II Co-Investment.
12/20/2023
UBS wants to sell junk loans in Italy
UBS apparently wants to sell a portfolio of loans to Italian companies that have low credit ratings.
12/20/2023
Investec names best Private Bank in the Channel Islands for second year
The awards recognise the very best operators in the Channel Islands wealth management sector, with ‘independence’, ‘integrity’ and ‘genuine insight’ the watchwords of the judging process.
12/20/2023
Clients care less about ESG than the media – Zurich private bank boss
While some customers are keen on sustainable investing, many are not willing to give up investments in old-economy companies if they think there‘s still profits to be made.
12/20/2023
Asset managers face tougher rules on investor cash calls
Funds could not raise cash fast enough, though the industry has argued that many parts of the market came under severe stress at that time.
12/20/2023
Despite delivering investors losses of 39% over the past 3 years, Liontrust Asset Management has been growing its earnings
After all, the share price is down 50% in the last three years, significantly under-performing the market.
12/19/2023
Edmond de Rothschild announces a strategic agreement and the acquisition of its third-party Asset Servicing business by Apex Group
This transaction is a noteworthy step in Edmond de Rothschild's strategy to focus on its core areas of expertise in Private Banking and Asset Management.
12/19/2023
FINMA publishes report and lessons learned on Credit Suisse crisis
As a contribution to dealing with the crisis, FINMA has comprehensively analyzed and processed the history, the associated supervisory activities, the acute course of the crisis and the resulting need for change.
12/19/2023
Leonteq acquires 10% stake in BX Swiss
The shares were acquired from the Boerse Stuttgart Group.
12/19/2023
Tavistock Investments posts a profitable first half, robust team growth
Adjusted earnings rocketed twelvefold to £1.7 million and earnings per share flipped from an interim loss in the first half of 2022 to 0.04p this year.
12/19/2023
Atomos sweeps up two more advice firms to close out 2023
Firms in Devon and Surrey to be integrated by the end of March
12/19/2023
Geneva private bank on track for record profits
Banque Cramer’s assets under management reached CHF 3.4bn in November.
12/19/2023
How 2023 became the year of the axe for asset management chiefs
From Matthews Asia’s aggressive reworking to Jupiter’s strategic charm offensive, the past 12 months have been a period of downsizing and redirection.
12/19/2023
Schroders joins GREEN to drive sustainability in real estate
Joining GREEN will allow Schroders’ Global Cities team to work alongside its peers to engage with listed real estate companies and implement meaningful change.
12/19/2023
Rathbones Investment Management International wins at WealthBriefing awards
Each of these categories is highly contested and is subject to a rigorous process before the ultimate winner is selected by the judges.
12/18/2023
St James’s Place: wealth manager pays price for fee structure change
Higher borrowing costs make it more expensive for any new buyers of partner franchises
12/18/2023
Asset managers on course to manage EUR 29 trillion in 2023
New report shows benefits of asset managers to investors and the European economy
12/18/2023
Allfunds launches analysis tool with wealth platform Ardan
190,000 funds