All articles by Satarupa Bhowmik
Satarupa Bhowmik
Merit expands into Utah with acquisition of RCM Investments
The acquisition, whose financial terms were not shared, adds $281m in assets to Merit’s portfolio.
HSBC UK Private Banking deploys Addepar platform
This follows HSBC’s US Private Bank adoption, with plans to expand to the Channel Islands and Luxembourg later this year.
Spark Capital launches wealth management operations in Dubai’s DIFC
This move establishes DIFC as the central hub for Spark Capital’s operations in the Middle East.
Standard Chartered hires HSBC executive to lead data, analytics and AI
Yusuf Demiral will report to Samir Subberwal, the global head of wealth solutions, deposits, mortgages, and chief client officer.
Arax acquires Schechter’s RIA business
As of May 2025, Schechter Investment Advisors managed $4bn in assets.
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Paragon Capital Management hires new managing director and strategist
Trevor Lau will report to Paul Lee, co-founder, CEO, and CIO, as well as Irene Ng, COO and compliance/risk officer.
Julius Baer names new South East Asia market heads
HO and YANG report to Jimmy LEE, the region head for Asia and a member of the Global Wealth Management Committee.
Shackleton buys IM Asset Management from Irwin Mitchell
IMAM and TWP together have 20 advisers, serving about 1,600 clients and managing approximately $1.8bn in funds.
Northern Trust names new chief investment strategists
Both strategists will report to global co-CIOs Michael Hunstad and Chris Roth.
Focus Partners Wealth to buy Los Angeles’ Churchill Management
The addition of Churchill is projected to boost Focus Partners Wealth’s regulatory assets under management by about $9.4bn.