All articles by Vidhya Edwards Munnangi

Vidhya Edwards Munnangi

Swiss lawmakers weigh softer UBS capital rules

The draft bill is designed to tighten safeguards after the Credit Suisse collapse by making UBS fully cover its overseas units with CET1 capital.

AlphaCore acquires Elk River Wealth Management 

The deal follows a relationship between the two firms that has developed over the past five years.  

Carlyle finalises $2.8bn acquisition of majority stake in MAI Capital

The existing management of MAI remains in place, with the business maintaining operational independence.

Temenos to buy Swiss fintech additiv in wealth push

Additiv will continue serving its current clients and partners, while its founder-led management team will remain in place.

AllianzGI in talks to buy UOB asset management unit – report

The insurer-owned fund manager is now seen as the leading contender for UOB Asset Management.

Franklin’s Western Asset Management settles SEC case for $100m 

The SEC said the group had “failed to take reasonable steps to detect and prevent this conduct by its former co-CIO”.

Schonfeld plans Zurich hedge fund base 

The firm has recruited former Millennium Management portfolio managers Yohan Hwang and Pierre Kling for the Swiss office.  

Goldman Sachs India co-chairman Gunjan Samtani to retire at year-end 

The bank appointed Ken Castelino and Balaji Sivasubramanian have been selected to assume the co-head positions. 

Modern Wealth buys Florida’s Flaharty Asset Management 

Flaharty, led by Shon Flaharty and Hunter Orr, is joining Modern Wealth with a team of 18 people, including nine advisers. 

Wellington to acquire Hartford Funds in $1.9bn deal

The agreement turns a long-running business arrangement between the two groups into a single company structure.