Morgan Stanley launches P2P payments service for wealthy clients
Morgan Stanley Wealth Management has enhanced its cash management offering with a new person-to-person (P2P) payments service, dubbed Morgan…
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Shruti T
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Apex to buy Deutsche Bank’s Alternative Fund Services
Apex Fund Services and private equity firm Genstar Capital have announced the acquisition of the Deutsche Bank’s Alternative Fund…
ByStandard Life’s 1825 buys Fraser Heath Financial
Standard Life-owned financial planning business – 1825 – has acquired Bristol-based Fraser Heath Financial Management for an undisclosed sum.…
ByKempen sets up office in Paris
Kempen Capital Management, a Dutch asset management firm, has set up a new office in Paris to strengthen and…
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Hybrid advice to alter wealth management playing field: Capgemini report
High net worth individuals (HNWIs) value hybrid advice models, which combine digital tools with some level of human interaction,…
BySEB, Nasdaq partner to test blockchain-based fund trading platform
Swedish financial services group SEB has collaborated with Nasdaq to test a new fund trading platform based on blockchain…
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Santander forms global wealth management division
Spanish banking giant Santander has created a new global wealth management division by integrating its private banking and asset…
ByJPMorgan boss Jamie Dimon calls bitcoin ‘a fraud’
Speaking at a bank investor conference in New York, JPMorgan CEO Jamie Dimon called bitcoin a ‘fraud’, which will…
ByBNP Paribas Asset Management names deputy CEO for Asia Pacific
BNP Paribas Asset Management has appointed Rakesh Vengayil as deputy CEO for Asia Pacific. Additionally, he will also take…
ByInfocus snaps up financial advice firm Announcer
Infocus has acquired financial advisory firms Announcer for an undisclosed sum, as part of its national growth strategy. Founded…
ByWorld’s first diamond futures exchange launched in India
Indian Commodity Exchange Limited (ICEX), a screen-based online derivatives exchange for commodities, has commenced operations with the launch of…
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Family Office Networks debuts alternative investment platform
Family Office Networks has launched a new online technology platform to provide family offices access to alternative investment products.…
ByHSBC names new global funds and ETFs chief
British banking group HSBC has appointed Sai Tampi as global head of funds and exchange traded funds (ETF). In…
ByDeutsche Bank names new Swiss wealth management chief
Deutsche Bank has appointed former Julius Baer banker Paul Arni as new head for its Swiss wealth management unit,…
ByPerilune Group restructures business
Perilune Group has restructured it business by separating all family office services from its private investment partnerships. The group’s…
ByAbu Dhabi Global Market introduces Foundations regime
Abu Dhabi Global Market (ADGM) has created a legislative and regulatory framework for foundations, the first of its kind…
ByLPL Financial takes over Prudential’s broker-dealer network in US
Retail investment advisory firm LPL Financial has acquired National Planning Holdings (NPH), Prudential's US broker-dealer network, for $325m. LPL…
By JHC introduces cloud-based risk analytics tool for wealth managers
JHC Systems, a provider of software and services to the wealth and investment management industries, has launched a new…
ByNewton IM hires ex-UBS executive as CIO
Newton Investment Management (Newton IM), a London-based global investment management subsidiary of BNY Mellon, has appointed Curt Custard in…
ByKames Capital appoints new co-heads for fixed income team
Kames Capital has named Stephen Snowden and Adrian Hull as new co-heads of fixed income team following the departure…
ByPrudential to club life and asset management operations in UK
Prudential has decided to merge its UK asset management business, M&G, with its life insurance unit, Prudential UK &…
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