All articles by Satarupa Bhowmik
Satarupa Bhowmik
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.
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.
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TPG, Temasek to take minority stake in fund manager Cliffwater
Cliffwater’s management will hold majority control and continue overseeing operations after the transaction.
Macquarie to sell North America-Europe public investments business to Nomura
The acquisition includes all assets, teams, offices, as well as the operating platform.
State Street reports 39% surge in Q1 2025 profit
The company has reported $3.28bn in revenue in Q1 2025, a 5% increase from $3.13bn in Q1 2024.
Schroders trims headcount at China fund management arm
The reductions mainly impacted the SIMC’s wholesale sales and client service staff.
Constellation invests in Connecticut RIA Procyon Partners
CWC’s resources will help Procyon enhance capabilities, boost advisor support, and open new US offices.