All articles by Satarupa Bhowmik
Satarupa Bhowmik
HSBC names new APAC wealth planning head
In her new role, Ling will lead wealth planners, family advisory, and philanthropic advisory teams across the Asia Pacific.
EFG’s Shaw and Partners to pick 75% stake in New Zealand’s ISG
ISG oversees over $4.2bn in assets across its wealth management, funds management, and investment platforms.
BlackRock sets $400bn fundraising goal for private investment growth
The firm anticipates that private investment and technology businesses will contribute over 30% of its revenue by 2030.
Shriram Group, Sanlam establish wealth management venture in India
The 50:50 JV aims to achieve $5.84bn in assets under advice and plans to hire 500 wealth management professionals in five years.
Carlyle, Citi partner to explore fintech specialty lending opportunities
Both firms have created a framework for sharing market insights and exploring co-investment and financing opportunities.
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Siebert invests in wealth management platform FusionIQ
The alliance will integrate FusionIQ’s technology into Siebert, aiming to improve its digital services and investment workflows.
Carson expands in Colorado with Wambolt & Associates acquisition
Founded by Greg Wambolt in 2010, Wambolt & Associates manages around $570m in assets.
Wealthbox gets $200m investment to boost growth
This investment aims to improve Wealthbox’s operational efficiency and accelerate product “innovation”.
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.