All articles by Satarupa Bhowmik
Satarupa Bhowmik
Amundi plans 50 layoffs in Italy by year-end
The cuts, which represent 13.8% of the Italian staff, are part of Amundi’s strategy to meet savings goals.
Nomura to shut down Zhejiang office by end of year
Nomura Orient International Securities is downsizing its wealth management services in mainland China following years of financial setbacks.
Mercer to buy Fundhouse’s UK business
Fundhouse managed $2.84bn in assets and advised on $13.5bn as of 1 May 2025.
Swiss proposal mandates UBS to boost capital by $26bn
UBS has been given a timeframe of six to eight years to comply after the legislation is enacted.
Hong Leong Bank and Lombard Odier partner on multi-asset funds
The funds will serve varied risk profiles, including conservative, balanced, and growth-oriented investors.
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Digital investment platform Scalable Capital lands $175m funding
Existing investors Balderton Capital, Tencent, and HV Capital joined the funding round, raising its total investment to over $535m.
Ocorian to buy Element 78 Partners’ Fund Solutions division
The company will integrate E78’s Fund Solutions team into its global fund services business.
Franklin Templeton to take majority stake in private credit firm Apera
Apera offers senior secured private capital solutions to private equity-backed firms in Western Europe.
Julius Baer seeks $159m in cost cuts by 2028 in strategy update
The group seeks to achieve an adjusted cost/income ratio of less than 67% by 2028.
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.