China’s recently rescued bad bank Huarong confirms $16bn loss in 2020
China Huarong Asset Management is currently in talks with investors after revealing a net loss of $15.9bn (RMB103bn) in 2020…
Month: August 2021
Over two-thirds of wealth managers are expanding their strategies
Wealth managers are looking to expand their investment strategy and 69% have added new asset classes for wealth clients within…
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Private banking for entrepreneurs: Understanding the REYL client
Established in Geneva in 1973 and with offices in London, Luxembourg, Malta, Singapore and Dubai, REYL Group is a private…
Pictet Wealth Management names new chief for UK division
Pictet Wealth Management has named Robert Suss as the new CEO of Pictet Wealth Management (PWM) UK. Suss, who will…
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Swiss wealth managers Pleion and Probus agree to merge
Geneva-based wealth managers Pleion and Probus have filed a request for authorisation to proceed with their merger. The transaction is…
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Heritage Global Partners, ViciNFT partner on NFT and digital asset management
Heritage Global Partners (HGP) has joined forces with digital asset manager ViciNFT to co-market and co-manage non-fungible token (NFT) auctions.…
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Chinese regulators looking to rein in private equity funds
The China Securities Regulatory Commission (CSRC) is reportedly looking to tighten scrutiny on the country’s private equity and venture capital…
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PayPal mulls stock-trading platform for US customers
Payment major PayPal is reportedly looking to launch a stock-trading platform for its customers in the US. The firm, which…
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