All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Corient to buy French multi-family office Letus
Letus Private Office oversees and administers about €4.1bn ($5bn).
Schroders nears Benchmark Capital disposal – report
The UK asset manager plans to shift resources towards clients with far larger investable assets.
US regulator fines BofA’s wealth unit Merrill over SAR failures
The regulator said the broker-dealer did not meet reporting and recordkeeping obligations and agreed to a $7.5m civil penalty.
General Atlantic in talks to buy PAG’s stake in Nuvama Wealth – report
The proposed transaction is valued at about $1.82bn (Rs171.38bn), the report said citing sources.
Mirae Asset lauches MAPS trading app in Hong Kong
The app is designed to let investors use one platform to reach products and exchanges in several markets.
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UK financial watchdog consults on changes for closed ended investment funds
The proposals standardise safeguards for new investment managers, reinforce board independence from shareholders, and restrict manager-shareholder voting.
Lombard Odier and Alpha Japan sign asset and distribution agreements
Across Europe and the UK, Lombard Odier will distribute Alpha Japan LO am’s Japanese equity strategies.
Asset manager Mirova gets new chief executive
Léa Dunand-Chatellet will lead Mirova’s growth by expanding global sustainable investments and integrating listed and private assets.
AI-driven wealth firm Arca lands $64m investment
The new capital will support efforts to add clients, increase the number of advisers, and further build its platform and brand.
European advisers face ‘management gap’ on clients’ digital assets – Study
The research revealed that a sizeable portion of clients’ digital asset holdings remains outside the advisory process.