All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Groww AMC completes investment deal with State Street
State Street Investment Management will own a 4.85% voting stake in Groww AMC and a 23% economic interest.
Swiss panel backs compromise on UBS foreign unit capital
For the remaining 50%, the bank would be permitted to use AT1 instruments to reach full capitalisation of those operations abroad.
Australian Unity to close Platypus Asset Management after business review
The review identified persistent pressures on “long-term profitability” and questions over the business’s sustainability amid changes in the market.
Türkiye imposes new hedge fund limits – report
Depending on the company’s free-float ratio, hedge funds may hold between 2% and 8% of those shares.
Wealth manager Kingsview Partners lands investment from FTV Capital
The deal will support Kingsview’s expansion, including efforts to add more advisers, and develop its technology.
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Wells Fargo ramps up adviser recruitment after wealth overhaul – report
The bank’s hiringeffort is centred on independent advisers, who are notitssalaried employees but operate using its platform.
Deutsche Bank taps Thought Machine for technology overhaul
Deutsche Bank’s Private Bank plans to spend about €600m on IT, operations and AI by the end of 2028.
HSBC hires bankers from UBS and Bank of Singapore
The bank expanded its regional team by appointing three new desk heads alongside a leader for its Global India franchise.
Victory Capital enters $7bn deal to buy First Eagle Investments
First Eagle, a privately held global asset manager, had around $222bn in assets under management as of 31 July 2026.
Vanguard agrees to acquire wealth tech platform Altruist
After the deal closes, Altruist is expected to continue as a standalone business and retain its leadership team.