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Wealth and Asset Management

11/17/2023

Results of the ONE swiss bank SA Extraordinary General Meeting held on 16 November 2023

In addition to this delisting, the EGM approved the distribution of an extraordinary dividend of CHF 0.23 per share, paid out of the Company’s reserves.

11/17/2023

Two Julius Baer Guernsey wealth managers in Citywire’s Top 100

Citywire, a financial media company offering news and analysis for financial professionals, compiles an annual list of the UK’s leading fund selectors, which is now in its 12th year.

11/17/2023

Wealth firms could see jump in fines in wake of consumer duty

After largely avoiding heavy penalties over the last few years, Oxford Risk has warned the wealth sector could see a sharp rise in fines following the introduction of consumer duty.

11/17/2023

Silchester sells down long-held stake in GAM

The UK boutique has reduced its allocation to the Swiss asset manager in the wake of NewGAMe’s deal.

11/16/2023

EFG International: Record profitability with net profit in excess of CHF 240 million in 10M 2023

In the first ten months of 2023, EFG delivered net profit in excess of CHF 240 million.

11/16/2023

Wealth management sector pays out £3.8m in fines to FCA

The £3.8m equates to around 7% of the total £52.8m in fines imposed by the FCA in the year to date.

11/16/2023

Liontrust suffers bruising losses as clients pull £3.2bn

Pressure from failed GAM deal and its UK equity bias have hurt Liontrust, with losses amounting to £10m in six months.

11/16/2023

Baloise continues to generate growth

All national Baloise companies contributed to the growth, both in local currency terms and in Swiss francs.

11/16/2023

Vencora UK Limited announces public takeover offer for all Traded Shares of CREALOGIX Holding AG

The Board of Directors of CREALOGIX unanimously recommends that shareholders accept the offer.

11/16/2023

ZWEI Wealth launches B2B solution “Wealth Office Professional”

Third parties such as financial advisors, financial planners, trustees, multi-family offices and similar service providers can now also offer and operate a wealth office to their customers.

11/16/2023

Close keen to snap up wealth businesses as sale rumours quieten

In a quarterly trading update, Close Brothers shared that it is looking to make acquisitions and hire more staff to drive growth.

11/15/2023

Secure messaging: the key to wealth management client engagement

There is a direct correlation between engagement and profitability.

11/15/2023

Exposure to equities leads to weak third quarter for wealth managers

Investors with greater exposure to equities struggled in the third quarter, but performed more strongly than those relying on fixed-income for 2023 as a whole

11/15/2023

Swiss Banks Didn't Stop Doing Business with Oligarchs Early Enough

The confidential information related to Russian bank clients that leaked in a hack last September is having broader implications.

11/15/2023

SJP tackles shareholder dissent over executive pay

Performance Share Plan query

11/15/2023

Bellevue launches obesity solutions fund

The thematic equity fund covers diagnostics and treatment for obesity-related diseases, nutrition and physical activity companies.

11/15/2023

Over-promising could make ESG a ‘farce’, warns Geneva selector

A dose of realism is required when dealing with products with ambitious environmental goals, according to Mikaël Safrana.

11/15/2023

Where Sergio Ermotti sees the next big risk of CS integration

“We have 3,000 IT applications from Credit Suisse and we will keep 300,” the Bloomberg agency quoted the bank boss as saying. This will allow UBS to create clarity around the IT platform.

11/15/2023

Ninety One announces interim results for the six months to 30 September 2023

Our response is to intensify our efforts in areas in which we can compete for market leadership, delivering best-in-class service to our clients

11/14/2023

Wealth management priorities from an assertive regulator

The FCA’s latest expectations and priorities

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