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2023 Annual Results BCGE

Record profit and dividend

Annual financial statements of Credit Suisse real estate funds as of December 31, 2023

In line with developments on the investment market, the external valuation experts have raised the discount rates.

Private banks’ profits will reach 3.3 billion in 2023, an increase of 74.2% compared to the previous year

Unsurprisingly, margin income, totaling €6,965.8 million across the six banks, justified the increase in profits.

Indosuez WM: Female Attributes Prosper in Wealth

When compared to other areas of the financial sector, there is a particularly prominent share of females employed in Asia’s private wealth industry.

PIMFA urges Financial Conduct Authority to provide firms with the confidence they need to offer a Simplified Advice model

This will ensure that the advice given is focused on a specific outcome and client need, rather than taking consideration of the client’s wider needs and objectives which is currently required were they providing holistic advice.

Markets focusing on better US prospects

Inflation has continued to fall in the Eurozone, but the core reading (excluding food and energy) remained just above 3% last week.

Royal London Asset Management adopts BlackRock’s Aladdin

The adoption of Aladdin aims to allow for greater scalability of RLAM’s fund management business.

LLB adds new bankers to its Frankfurt location

The Liechtensteinische Landesbank (LLB) was able to poach an experienced team of three from the German Deka Bank.

Evelyn Partners moved to new fund by PE backer

Secondaries specialist Coller Capital invests in the continuation vehicle, accounting for 50% of the new fund.

Odey AM parent company swings to £4.6m loss in 2023

Dividends not approved

Man Group: Results for the financial year ended 31 December 2023

These results reflect the quality of the business we have built, including the breadth and depth of our client relationships, and the merits of our diversified product offering."

Leonteq publishes agenda and proposals of the Board of Directors for the Annual General Meeting 2024

The Board of Directors also proposes the re-election of Deloitte AG as its statutory auditor for the financial year 2024 and the re-election of the independent proxy.

Why Pictet’s bond boss is moving from ‘barbell to belly’ bets

Andres Sanchez Balcazar says the investment case for holding a mix of cash and illiquid assets has weakened.

Deutsche Bank jumps into the breach of the CS corporate customer business

This means that Deutsche Bank is jumping into a gap that was created by the disappearance of Credit Suisse (CS) in the local corporate customer business.

Bank Avera: Strong profit increase under new management

This is probably due to the growth of customer funds and loans and the increased interest rates, as we can see further.

Six wishes to make this a Budget for entrepreneurs

The Chancellor should therefore make the Spring Budget on March 6th one that incentivises entrepreneurs and encourages them (and others) to invest in the UK.

Coutts awarded five stars across all reported categories in the latest UN PRI 2023 result

The latest scoring for signatories for the United Nations-supported Principles for Responsible Investment (PRI) assessment gives Coutts the top, five-star rating across all categories that were reported on.

Fadi Barakat on REYL Intesa Sanpaolo Finance’s Boutique Independent Offering for the UAE’s Dynamic Wealth Market

It believes that its position as a boutique independent wealth firm is ideal for achieving the best client outcomes and for the firm’s ongoing strategic growth.

Rothschild & Co Bank: Ex-Credit Suisse Bankers Need to Deliver

They have only had a limited impact on net new money inflows to date even though profit is up significantly.

San Francisco retains top spot as London climbs to second in Schroders 2024 Global Cities Index

In the United States, Texan cities had a strong year.

Wealth and Asset Management