All articles by Satarupa Bhowmik
Satarupa Bhowmik
L1 Capital, Platinum Asset Management enter merger deal
After the merger, L1 Capital shareholders will own 74% of the combined entity, while Platinum shareholders will hold 26%.
Deutsche Bank consolidates wealth services for enhanced client focus
A new “Wealth Planning Germany division” will also be launched within wealth management, headed by Lisa-Marie Wohrle.
Constellation Wealth Capital to pick minority stake in Merit Financial
The investment supports Merit’s objectives to grow its advisor platform and enhance its national reach.
Citi invests in HANetf to bolster ETF white-label services
The investment sees Citi join other institutional shareholders, including Elkstone, Point72 Ventures, and ThirdStream Partners.
Thailand’s KBank deploys Synpulse8’s digital platform
The platform consolidates the client investment process into a single system, addressing previous inefficiencies caused by multiple front-end tools.
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Singapore penalises nine financial institutions for AML breaches
In total, MAS has imposed composition penalties amounting to S$27.45m ($21.4m) on the FIs for violations of AML and CFT requirements.
Schroders opens global digital assets hub in Singapore
The centre will employ specialists, developing best practices with policymakers and industry partners.
Shackleton Advisers acquires Chetwood Group
The deal adds 45 new employees to Shackleton, increasing its national workforce to approximately 450.
BNP Paribas Cardif closes acquisition of AXA IM
The new platform will leverage the expertise of AXA IM, BNP Paribas Asset Management, and BNP Paribas REIM to provide various traditional and alternative assets.
Digital platform Savvy Wealth secures $72m in series B funding
The company will use the new funds to improve its core technology and expand its network of independent advisors via Savvy Advisors.