All articles by Satarupa Bhowmik
Satarupa Bhowmik
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.
HSBC UK Private Banking deploys Addepar platform
This follows HSBC’s US Private Bank adoption, with plans to expand to the Channel Islands and Luxembourg later this year.
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Spark Capital launches wealth management operations in Dubai’s DIFC
This move establishes DIFC as the central hub for Spark Capital’s operations in the Middle East.
Standard Chartered hires HSBC executive to lead data, analytics and AI
Yusuf Demiral will report to Samir Subberwal, the global head of wealth solutions, deposits, mortgages, and chief client officer.
Arax acquires Schechter’s RIA business
As of May 2025, Schechter Investment Advisors managed $4bn in assets.
Paragon Capital Management hires new managing director and strategist
Trevor Lau will report to Paul Lee, co-founder, CEO, and CIO, as well as Irene Ng, COO and compliance/risk officer.
Julius Baer names new South East Asia market heads
HO and YANG report to Jimmy LEE, the region head for Asia and a member of the Global Wealth Management Committee.