All articles by Vidyasagar Maddela

Standard Chartered to sell Ugandan retail banking arm to Absa

The sale is part of Standard Chartered’s strategy to exit its wealth and retail banking sectors in Botswana, Uganda, and Zambia.

Emirates Investment Bank partners with Avaloq for digital transformation

Danantara considers forming $8bn asset manager in Indonesia

Danantara plans to combine the asset management units of PT Bank Rakyat Indonesia (BRI), PT Bank Mandiri, and PT Bank Negara Indonesia (BNI).

Rothschild Wealth Partners acquires Illinois-based SNWA 

SNWA provides financial advice to business owners, families, and high-net-worth individuals, managing approximately $300m in client assets.

PAI Partners in exclusive negotiations to acquire majority stake in Cyrus Group

Cyrus Group manages over €20bn in assets and serves more than 30,000 institutional and private clients.

Goldman Sachs expands wealth management services in Saudi Arabia

The new unit will employ ‘One Goldman Sachs’ strategy by collaborating with asset management, global banking and markets teams in the region.

Goldman Sachs’ senior bankers exit amid leadership changes-report 

The bankers who left the bank have moved to competitors such as JPMorgan Chase, Wells Fargo, and Citigroup, with some joining boutique firms like Evercore.

Morgan Stanley initiates SRT tied to $6bn loan portfolio-report 

The SRT could reportedly amount to approximately $750m, representing 12.5% of the overall loan portfolio.

Western Alliance Bank launches new division for HNW individuals 

The new division aims to extend services beyond the bank’s existing clientele by collaborating with advisors in other sectors.

Schroders transfers full ownership of SPW to Lloyds 

SPW, which is a wealth management and advice business, has become a wholly owned subsidiary of Lloyds.