09/30/2022
Brooks Macdonald buys Manchester-based IFA
Adroit will continue to work closely with Slater and Gordon to ensure clients have the support they require, the firm said.
Wealth and Asset Management
09/30/2022
Swiss bank UBP’s Nordic acquisitions boost European hub in Luxembourg
In recent years, Union Bancaire Privée has embarked on a wave of external growth in the Scandinavian markets.
09/29/2022
Apex Group supports clients’ EU Taxonomy alignment
Disclosures that contribute to climate change mitigation and adaption have been applicable under the EU Taxonomy since 2022.
09/29/2022
The Great Reckoning
The Bank of England’s policy-making committee, already grappling with the task of controlling massively high inflation, is now staring at a profligate government policy.
09/29/2022
BPF Schilders selects Van Lanschot Kempen for fiduciary management
Van Lanschot Kempen’s services will comprise a full fiduciary management mandate.
09/29/2022
Real estate market defies inflation and rising interest rates
In addition, the energy price shock has triggered a change in mindset in the real estate sector and has boosted investments in conversions and remodeling.
09/29/2022
Hargreaves axes CT Equity Income from wealth list on Colwell exit
The stockbroker said the departure of Richard Colwell, who had run the strategy since 2010 as head of UK equity, had prompted it to remove the fund from its buy list.
09/29/2022
Quilter’s WealthSelect remains ‘risk off’ with portfolios positioned for recessionary environment
The move reflects Clark’s view that gilts face greater headwinds due to higher UK inflation
09/29/2022
CS: Capital requirements in the billions are becoming more concrete
The main reason for this is the assumption that the sale of business units may not be enough to maintain an adequate capital base given weak organic capital generation, difficult market conditions and upcoming Basel III reforms.
09/28/2022
EFG economist: Unprecedented SNB rate hike was 'surprisingly dovish'
Markets expect a further 0.75 percentage points rate hike by the end of 2022, but GianLuigi Mandruzzato is not sure this will happen.
09/28/2022
Emerging markets offerings to dominate wealth management industry growth
Followed by acquisitions of smaller players
09/27/2022
Credit Suisse launches its inaugural Single Family Office Index and 2022 SFO Survey Report
In terms of assets, the index only covers bankable assets with the exclusion of others such as unlisted equities, direct real estate or collectibles.
09/27/2022
Germany: further decline in IFO expectations
Rises of electricity and gas have pushed up PPI inflation; prices of intermediate and manufacturing goods prices were down over the month.
09/27/2022
Royal Bank of Canada completes acquisition of Brewin Dolphin
Deal creates premier wealth manager in the UK, Channel Islands and Ireland
09/27/2022
Credit Suisse Group is well on track with its comprehensive strategic review
The Board of Directors and the Executive Board are considering alternatives that go beyond the conclusions of last year’s strategic review.
09/27/2022
Close Brothers Group: Preliminary Results
The group delivered a solid performance with strong income growth in Banking
09/27/2022
The private equity platform heavyweights targeting wealth managers
iCapital head of international Marco Bizzozero and PM Alpha chief executive Tom Douie make the case for wealth managers to invest in private equity.
09/26/2022
abrdn global loans head takes on high yield fund manager role
Expansion of responsibilities
09/26/2022
Citi to wind down UK retail banking ops to focus on wealth management
The news comes months after Citi said it would exit its Citibanamex consumer banking business in Mexico, ending a 20-year retail presence in the country.
09/26/2022
Kingswood to enter Ireland with €25mn adviser purchase
The deal, which is still subject to regulatory approval, will see Kingswood take a 70 per cent stake in the business for a total cash consideration of €25.8mn (£23.4mn).