All articles by Shivam Mishra
Shivam Mishra
BMO to acquire Burgundy Asset Management for $456m
Burgundy, an independent wealth manager, managed around $27bn in assets as of 31 May 2025.
Beacon to acquire Astor Investment Management with $1bn assets
Beacon said the deal strengthens its presence in the risk-managed investment space.
UBS and Pictet data leak after Chain IQ cyber attack
Chain IQ revealed that it, along with 19 other companies, was targeted in the attack, which resulted in a data leak published on the darknet.
Sovereign Capital sells wealth manager Shackleton to Lee Equity Partners
Sovereign Capital Partners initially backed Shackleton, formerly known as Skerritts, in 2021.
Switzerland fines Pictet Bank for money laundering violations
This decision is part of the broader “Lava Jato” corruption investigation centred in Brazil.
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Osaic boosts wealth management capabilities with CW Advisors acquisition
The acquired company is a registered investment advisor based in Boston, with $13.5bn in fee-only client assets under management.
Kiatnakin Phatra and Goldman Sachs collaboration expands Thai investment
This collaboration aligns with KKP’s goal to strengthen its wealth management services and broadens Goldman Sachs Asset Management’s third-party wealth operations.
Schroders reshuffles client group team with new appointments
The company has appointed four new senior executives, including Karine Szenberg as executive vice chair and Matt Oomen as global head of client group.
Ninety One to complete Sanlam Investments UK transfer
The agreement designates Ninety One as the primary active investment manager for Sanlam’s single-managed local and global products.
Sumitomo Mitsui Financial Group and SBI launch wealth management JV
A preparatory company is expected to be established by July 2025, subject to regulatory approval, with operations beginning in spring 2026.