All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
UK regulator proposes 90-day notice period for illiquid asset funds
The measures would require investors to give at least 90 days’ notice before withdrawing money from affected funds.
Temasek-backed Seviora to merge three asset management units
The integration covers Azalea Investment Management, SeaTown Holdings International, and Seviora Capital.
HSBC plans deep UK wealth redundancies in AI expansion – report
About50% of leadership and specialised posts could be cut, while financial adviser numbers could fall by nearly 70%.
Rathbones Ireland obtains approval to serve clients across EU
The authorisation allows its Dublin-based subsidiary to provide services to clients in Ireland and elsewhere in European Union.
KKR to buy fund administrator Gen II Fund in $5.1bn deal
The plans also include further investment in Gen II’s proprietary technology and AI-based tools.
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Aspen adds over $1bn in assets with Cullen Investment purchase
Cullen functions as an independent, full-service wealth manager and RIA under the regulation of the US SEC.
UBS to transfer fund administration operations to Northern Trust
The move will expand Northern Trust’s existing administration mandate with UBS’s Swiss and Luxembourg Management Companies.
BBVA consolidates wealth division under single brand
From October, the group will align premium, private banking, and ultra high net worth tiers under uniform international branding.
Schroders to expand Hong Kong headcount and investment – report
The move to deploy further capital locally is supported by Hong Kong administration’s five-year blueprint unveiled last month.
Kestrel agrees to buy Irish wealth manager Kinsale Capital
The acquisition forms part of Kestrel’s strategy to develop an independent wealth management platform in Ireland.