All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Singapore regulator seeks faster private bank onboarding
The Monetary Authority of Singapore said lenders should bring account opening times down to within one month by the end of this year.
Taiwan calls on domestic asset managers to scale up – report
As part of the effort, the FSC is trying to channel more mandates towards local firms.
Investec applies for Ireland banking permit – report
Such approval would improve its capacity to support corporate and affluent clients.
Julius Baer AUM hits SFr 528bn, signals “substantially higher” H1 profit
The bank attributed the increase to supportive market movements and SFr 3bn in net new money.
State Street backs German digital wealth platform getquin
The deal is part of getquin’s €12m funding round, which was led by Portage and State Street.
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WealthTech firm Farther secures $150m in Series D round
The new capital is expected to fund further development of the platform to support advisers and clients.
Bluespring adds $1.1bn in assets with New Jersey-based Synthesis
The transaction extends Bluespring’s footprint in New Jersey and Jupiter, Florida.
Schroders seeks transfer of three China funds to Neuberger Berman
The move involves the transfer of part of the mutual fund business run by Schroders’ wholly owned China unit to Neuberger Berman.
Intesa weighs move for Spanish wealth manager Singular – report
The Italian lender has started due diligence on Singular and is working towards a formal bid within a competitive sale process.
UK fines Deutsche Bank over Russian sanctions breach
The case concerned payments made in 2022 for a client to Okko, a Russian video streaming platform owned by JSC New Opportunities.