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Harder than you think

For months, the American economy has shrugged off a muddled response to the pandemic, posting better-than-expected numbers.

Julius Baer Profits Surge

Record-high net profit in challenging market and operating environment underlines resilience of business model

Europe’s private banks hit by second year of lower profits

Earnings fell to €13.3bn last year, down a tenth from their 2017 peak

CIBC opens continental Europe office in Luxembourg

CIBC Capital Markets (Europe) S.A. to expand bank's operations in Europe

Kaiser Partner Wins Two Awards

The awards recognise Kaiser Partner's long-standing commitment to its clients' personal values.

Union Bancaire Privee announces a net profit of CHF 107.6 million for the first half of 2020

Revenues rose 4.5% to CHF 557.0 million in the first half of 2020

AXG Group and AHR Private Wealth announce merger

The combined AuM of the new company will be $1.1bn.

World’s Wealthiest Lower Their Private Equity Expectations

“After economies locked down, family offices’ expectations for returns declined,” UBS said.

Investors pull £800m from Brooks Macdonald

Brooks saw positive flows of £1m into its discretionary arm in Q2, while investors pulled cash from its funds.

UBP launches a new corporate governance-focused strategy

The new strategy will therefore focus on Japan’s 500 largest stocks, taking long positions on 25-35 well governed companies and short positions on 50-70 poorly governed companies.

Fitch Rates St. James's Place IFS 'A+'; Outlook Stable

This is somewhat offset by Fitch's assessment of the group's diversification as 'Less Favourable' due to a focus on the UK retail savings market.

Horizon 2020: long-term investing in a world marked by pandemic

The 2020 edition of Horizon assesses the pandemic’s impact on Pictet Wealth Management’s 10-year economic forecasts and return expectations across asset classes.

Handelsbanken’s Interim Report January – June 2020

In Q2 2019, a restructuring reserve of SEK 30m was recognised. In Q2 2019, the Bank received a dividend of SEK 55m from VISA Sweden.

Island’s EFG bank presence is 'under review'

Despite the recent market turmoil, we had a solid business performance in the first quarter.

Quilter Cheviot’s financial strength acknowledged by AKG

Quilter Cheviot has received a ‘B+’ AKG financial strength rating

Quilter Foundation donates £50,000 to newly launched DEC Coronavirus appeal

The appeal will seek to deliver urgent support to vulnerable and displaced people in areas where basic healthcare provision and issues of sanitation and nutrition have been exacerbated by the Covid-19 crisis.

Isle of Man Private Wealth Report 2020/21

Political and economic stability of the jurisdiction is crucial for the successful future. Further consolidation of the private wealth service providers.

How impact investing can help EM attain the UN SDGs

Looking ahead and despite these hurdles, emerging markets appear to be a fertile hunting ground that holds plenty of potential for impact investors.

Crestbridge recognises staff with raft of summer promotions

The promotions come as Crestbridge continues to grow its multi-jurisdictional workforce, having recruited more than 15 new starters over recent months, despite ongoing challenging global working conditions.

Guernsey Private Wealth Report 2020/21

At present, the demand to establish multi-family offices is increasing, higher than that for single family offices. Furthermore, the regulatory environment is increasing for all family offices.

Wealth and Asset Management