10/24/2022
LGT opens private banking office in Hamburg
LGT will once again have a private banking office in Germany.
Wealth and Asset Management
10/24/2022
How supporting workers brings business and investment benefits
Companies increasingly recognise the importance of supporting employees through difficult times. Many have taken a long-term view by investing in their people.
10/24/2022
PIMFA celebrates winners of its second Diversity & Inclusion Awards and previews ‘TIDE’ launch
The awards were created last year by PIMFA to shine a light on the excellent, often untold, stories that exist across organisations and among individuals in wealth management and advice industry
10/21/2022
UBS and Microsoft announce landmark expansion of cloud partnership
The partnership furthers UBS’s “cloud first” strategy and the modernization of its global technology estate
10/21/2022
Credit Suisse Divests its Allfunds Holdings
A total of almost 54 million Allfunds shares are to be sold via accelerated book building to institutional investors.
10/21/2022
St James's Place funds and net inflows suffer in 3rd quarter
Net inflows during the third quarter contracted by 15% to GBP2.19 billion from GBP2.59 billion a year before.
10/21/2022
Stonehage Fleming acquires Rootstock Investment Management
One fund to merge
10/20/2022
Quilter plc reports resilient gross and net flows for third quarter 2022 in a volatile market environment
The third quarter is typically a seasonally slow quarter, with this exacerbated by increasing market volatility and cost-of-living pressures, reducing gross flows.
10/20/2022
Investors pull money from fund managers as stocks and bonds fall in tandem
The FTSE 250 company also took a $4.5 billion hit from the stronger dollar in the third quarter and net outflows from its funds of £500 million.
10/20/2022
GAM Holding AG Releases Interim Statement for the Three-Month Period to 30 September 2022
Challenging market conditions continue to impact GAM’s assets under management
10/20/2022
UK fund managers Schroders and Jupiter's assets fall on volatile markets
Schroders said the fall in its AUM was partly driven by a decline in its Solutions segment and a 5% decline in its Mutual funds unit.
10/20/2022
Third quarter new business inflows and funds under management update 2022
This has underpinned gross inflows of £4.05 billion, only modestly lower versus a record comparative period in 2021.
10/19/2022
Fidelity International launches two funds for Howard Wright clients
Advisers at Howard Wright can blend the funds for their clients
10/19/2022
Lazard moves UK headquarters to Marylebone
The firm has signed a 15-year lease for the Marylebone-based office space, to be occupied by early 2025.
10/19/2022
Credit Suisse Exploring Capital Raise With Banks
The bank could be aiming to raise at least $2 billion to pay for the bank's restructuring and operating losses over the next couple of years
10/19/2022
Rathbones announces a trading update for the three months ended 30 September 2022
Rathbones is well-positioned to take advantage of the future growth opportunities that can arise both during and after periods of investment market volatility.
10/19/2022
Quilter assets dip in rough conditions ahead of Feeney exit
Assets under management at Quilter dipped 2% in the third quarter, falling to £96.9bn from £108.5bn in the same period of 2021.
10/18/2022
UBS expands its UBS key4 digital product line and accelerates processes
UBS is also the first bank in Switzerland to implement the automatic identity verification for individuals using a biometric passport, including the electronic signature.
10/18/2022
Credit Suisse Investment Bank Chief Packing His Bags
Speculation about Credit Suisse's new strategy is being fed new food for thought on an almost daily basis.
10/18/2022
Zurich Italy and Deutsche Bank complete the acquisition of Deutsche Bank Financial Advisors by Zurich
Financial advisors, assets under management and employees of Deutsche Bank Financial Advisors move to Zurich Bank