All articles by Satarupa Bhowmik
Satarupa Bhowmik
Citi Markets hires former Goldman Sachs banker Christopher Chan
Chan is set to begin his role in July this year and will be based in Singapore.
Mediobanca makes $7.1bn bid for Italy’s Banca Generali
Mediobanca plans to sell its stake in Assicurazioni Generali and reinvest the proceeds into Banca Generali.
Harbourfront Wealth takes over KJ Harrison & Partners
With this acquisition, Harbourfront Wealth’s total assets under administration will be nearly C$11bn (approximately $7.9bn).
UK’s FCA proposes 70% reduction in red tape for investment firms
While capital requirements remain unchanged, the FCA looks to streamline rules on what qualifies as regulatory capital.
HSBC launches new wealth centre in Singapore
The new centre is the second of three planned wealth centres, with the final one set to open by the end of this year.
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EFG appoints Soha Nashaat as executive chair of Dubai subsidiary
Nashaat will be based in Dubai, reporting to Patrick Ramsey, head of EFG’s Continental Europe and Middle East region.
Stone Point Capital invests in Ultimus Fund Solutions
After the transaction, GTCR and Stone Point will have equal governance of the company.
Concurrent introduces WealthSelect investment platform
WealthSelect eases wealth management with intuitive tech, institutional-grade investment strategies, and dedicated consulting.
Altruist secures $152m in Series F round at nearly $1.9bn valuation
This funding round also saw participation from Salesforce Ventures, Geodesic Capital, Baillie Gifford, among others.
TPG, Temasek to take minority stake in fund manager Cliffwater
Cliffwater’s management will hold majority control and continue overseeing operations after the transaction.