All articles by Satarupa Bhowmik
Satarupa Bhowmik
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.
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.
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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.
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.