All articles by Satarupa Bhowmik
Satarupa Bhowmik
Sumitomo Mitsui Trust Asset Management launches Singapore subsidiary
The new entity marks the firm’s first office in Asia outside of Japan, complementing its existing sites in London and New York.
HSBC to divest INKA fund administration business to BlackFin
The transaction is anticipated to finalise in the latter half of 2026, subject to regulatory and antitrust approvals.
Alpaca to acquire wealthtech company WealthKernel
This acquisition aims to strengthen Alpaca’s presence in the UK and EU markets.
Alternative investment platform iCapital lands $820m funding
The new funds will enable strategic acquisitions to improve experiences for advisors and clients.
India’s ICICI Prudential Asset Management files for $1.2bn IPO
The business is a joint venture between ICICI Bank, which has a 51% stake, and Prudential that owns the remainder.
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Fi3 Advisors, Opto partner to streamline private markets investing
The collaboration aims to improve Fi3’s private markets programme by developing a customised annual vintage funds programme for clients.
Modern Wealth buys California advisory firm Kaye Capital Management
KCM is a fee-only advisory firm managing over $700m in assets and advising on an additional $300m.
Former UK PM Rishi Sunak returns to Goldman Sachs as senior advisor
Sunak interned at Goldman Sachs in investment banking in 2000 and worked as an analyst from 2001 to 2004.
HSBC appoints new global head of Investments and Managed Solutions
Abouzahr will lead the bank’s global wealth product strategy with an emphasis on sustainable investment options.
Egon Zehnder acquires The Prince Houston Group
The Prince Houston Group caters to various clients, including asset management firms, family offices, and private equity funds.