09/06/2022
EFG International opens Representative Office in Israel
The opening of the new Representative Office in Tel Aviv will expand EFG’s coverage of the Israeli market and capture the significant wealth management opportunities in the region.
Wealth and Asset Management
09/06/2022
CHF 7bn ex-Lombard Odier wealth manager gets banking licence
Cité Gestion was founded in 2009 as a custodian and securities dealer by Lombard Odier. It was bought out by six managing partners in 2017.
09/06/2022
St James’s Place Upgrades Financial Crime Defences With Napier’s Advanced Screening Tool
With Napier’s AI-enhanced screening solution, St James’s Place can leverage large-scale, ongoing customer screening and re-screening capabilities.
09/05/2022
Geneva group buys Sberbank Switzerland
The bank will now be called TradeXbank and all of its employees in Zurich will keep their jobs.
09/05/2022
PE-backed firm Solomon Capital Holding makes second acquisition
Buy-and-build strategy
09/05/2022
Cardea Group acquires Trinkler & Partners and continues on its growth path
Cardea plans to expand its presence in Switzerland by a combination of strategic acquisitions of small to mid-size wealth management firms in parallel with the hiring of individual wealth advisors and their teams.
09/02/2022
Quilter to pay £310k over two historic Fos cases
Returns fell from £4k to £160 over four years, before the investment was valued at just £1.
09/02/2022
Credit Suisse Reportedly Plans to Ax Thousands of Jobs
The cuts are part of broader plans to reduce $1 billion in costs to help the bank recover from a series of scandals and quarterly losses.
09/02/2022
Defining and then Refining the Right Business Model for Success
Blake opened his commentary by agreeing with a fellow panellist’s view that private wealth continues to grow rapidly across Asia, which translates into a significant opportunity for the industry with much of that wealth remaining self-directed or un
09/01/2022
Union Bancaire Privée’s Wealth Management CEO for Asia on Defining and then Refining the Right Business Model for Success
He also set out how the UBP approach is to provide high-touch, specialised investment advice rather than a low-touch, digital-first model.
09/01/2022
What were 2022’s big investment trends for UHNWIs – and where will they go next?
Right after the COVID-19 recovery began, the war in Ukraine started – and for European investors it was something happening very close to home, so it affected the behaviour of clients
09/01/2022
Wealth management M&A market set for further acceleration
Recent level of activity ‘has been remarkable’ and ‘shows no sign of letting up’
09/01/2022
Weilburg Family Office’s Launch of New Private Equity Module
The private equity module focuses on private clients, foundations, institutional investors and other family offices with a targeted investment volume in the private equity asset class starting at three million euros.
09/01/2022
Strong year for private banks in 2021 but headwinds are picking up
Private banks in Switzerland experienced a golden year in 2021. Assets under management rose by CHF 373 billion last year.
08/31/2022
Fintech launch aims to boost access to private markets investment
PM Alpha is aiming to popularise private markets investment to a wider investment base by enabling better access for wealth managers to the best private markets managers.
08/31/2022
Pictet announces 2022 first-half figures
Net profit is up 1% to CHF 380 million, adjusting for the one-off gain in the first half of 2021 from the sale (sale and lease back) of the main building of Pictet in Geneva.
08/31/2022
Rothschild Bank digests takeover
The operating profit behaved analogously, which also shrank by 5 percent to 11.8 million Swiss francs.
08/31/2022
Syz Group half-year results in line with ambitious budget despite market turmoil
Highly adverse market conditions translated into decreasing transaction volumes and assets under management in the first half of 2022.
08/31/2022
Women, wealth and teamwork – the future of finance in Italy
The number of female clients has also risen, with women increasingly involved in managing family wealth or gaining independent wealth through successful entrepreneurship.
08/31/2022
Lombard Odier in Italy: “the Rolls Royce of private banking”
Our size allows us to focus fully on performance and to adapt operations where necessary, something that is difficult for larger banks.