07/28/2023
NatWest posts interim growth; IAG swings to profit
This sent stocks in New York lower, after a mostly positive start, having been boosted by a strong economic growth print for the US.
Wealth and Asset Management
07/28/2023
Barclays combines UK wealth and private banking businesses
To improve customer and client experience
07/28/2023
Measuring what matters
The Julius Baer Foundation adopts ‘The Seven Steps’ approach to measure outcomes that matter.
07/28/2023
WH Ireland seeks £5m to avert collapse after FCA talks
has agreed to a 30% pay cut as the firm battles to survive in adverse market conditions.
07/28/2023
Allfunds to acquire BCC Iccrea Group's local paying agent business
With this transaction, Allfunds will build upon its position in the Banca Corrispondente or local paying agent business in Italy to better serve customers, while strengthening the partnership with an important financial institution in the country.
07/27/2023
Credit Suisse Tower Could Further Upend Canary Wharf
London's Canary Wharf is a place steeped in history.
07/27/2023
SJP shares sink on £859m consumer duty fee cut and stalling flows
Clients rush to cash instead of funds, hitting SJP as regulation changes fee model.
07/27/2023
Vontobel delivers a robust result for the first half of 2023
As a result, institutional investors remained on the sidelines, while private investors sought a professional partner to advise them on how to manage their wealth.
07/27/2023
GKB with higher earning power and a positive outlook
The outlook for the year as a whole is therefore more positive than expected.
07/27/2023
SJP caps fees for long-term clients in response to consumer duty
This includes a decision to reward clients with long-term investments through an annual product management cap on bond and pension investments after they have been invested for 10 years.
07/27/2023
Zurich-based ESG boutique cooperates with German distributor
Collaboration will start in the second half of 2023.
07/27/2023
Standard Chartered partners with L1 Advisors for new era of digital asset management
The collaboration ushers in a new era of digital asset management, providing financial advisors with a hybrid approach to digital asset custody, management, and advisory for the first time.
07/27/2023
Schroders plc - Half-year results to 30 June 2023 (unaudited)
Mutual Funds and Institutional felt the impact of the “risk-off” market sentiment and saw net outflows of £0.8 billion and £5.3 billion, respectively.
07/27/2023
Coutts CEO Peter Flavel to step down over Farage account row
The ousting of Flavel is one of the first actions taken by NatWest's new interim CEO Paul Thwaite
07/26/2023
Goldman to expand wealth arm in Emea, despite cuts elsewhere
Co-heads of wealth management Emea – Stefan Bollinger and Christopher French – explain the rationale behind hiring advisers despite job cuts in other parts of the business.
07/26/2023
EFG International: Record profit of CHF 147.6 million (+47%)
Net new assets totalled CHF 3.0 billion, corresponding to an annualised growth rate of 4.2%, within EFG’s target range of 4-6%.
07/26/2023
GAM Responds to Newgame Claims
As a public company GAM has an obligation to ensure that information it discloses is accurate and transparent
07/26/2023
Nugenis Awards Bordier UK £200M Mandate
We enjoy a great working chemistry with the Nugenis team and look forward to building the relationship.
07/26/2023
Rathbones takes £6m fee freeze hit waiting on Saunderson House deal
‘We have chosen not to charge investment advisory fees to clients’
07/26/2023
EQ Investors launches sustainability questionnaire toolkit
Advice firms can now use the questionnaire as a go-to reference for supporting their conversations with clients.