All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Perpetual agrees to sell wealth management unit to Bain Capital
Proceeds from the sale will be used by Perpetual to reduce its debt and fund growth in its Asset Management business.
Adrish Ghosh named Barclays Private Bank India head
Ghosh had been serving in the interim role since August last year, following the departure of Nitin Singh.
Merit Financial Advisors buys Yeomans Consulting Group
The purchase of Yeomans Consulting Group adds around $434m in assets to Merit’s books.
Rise Growth Partners invests in Florida RIA Cyndeo
Priorities will include expanding advisor recruitment and onboarding in Florida and neighbouring states.
Monte dei Paschi and Mediobanca approve full merger plan
Mediobanca shareholders would receive 2.45 MPS shares for each Mediobanca share offered.
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Easterly Asset Management to buy Olstein fund business
The deal outlines plan for Olstein’s mutual funds to be integrated into the Easterly fund structure.
Cresset names Susie Cranston as new CEO
Co-founders Avy Stein and Eric Becker will remain with Cresset as executive co-chairs.
Fidelity, Hamilton Lane invest in Corastone private markets platform
The company’s blockchain network is being used as infrastructure and a data standard for private markets operations.
Standard Chartered to expand private banking team in Singapore – report
Up to 50 new relationship managers are expected to be hired in Singapore this year, with the bank seeking to attract clients from China.
Carson Group takes over ZeroCelsius Wealth Studio
ZeroCelsius, which manages about $134m in assets, has been led by managing partner and wealth advisor Ross Gott.