Weekly Newsletter

06 September 2023

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Weekly Newsletter

06 September 2023

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Spotlight

First Eagle Investment introduces global head of consultant relations

Allison Shaw has been assigned by First Eagle Investments as managing director and global head of consultant relations.

Latest news

Northern Trust employs head of asset servicing

Northern Trust has named Aisling Keane as the head of asset servicing in Hong Kong, effective 4 September 2023.

06 September 2023

Wells Fargo appoints head of trust services

Wells Fargo announced the appointment of Andrew Reinhart joining wealth and investment management (WIM) as head of trust services and chief fiduciary officer.

06 September 2023

Barclays hires technology, media, and telecommunications M&A

Pedro Costa has been named vice chairman, technology, media, and telecommunications (TMT) M&A in the Americas by Barclays. Costa will be based in New York and will report to the global co-heads of M&A, Ihsan Essaid and Gary Posternack.

06 September 2023

$4.5bn Bank of America UHNW team defects to Fidelis Capital

Fidelis Capital, an advisor-owned wealth management firm, announced that one of the wealth management teams formerly associated with Bank of America private bank in the Mid-Atlantic region joined the independent firm as partners.

06 September 2023

Understanding the wealth management dynamics in China

China’s affluent segment (including HNW and mass affluent individuals) has experienced steady growth in recent years. Chinese affluent individuals favor traditional investment avenues such as deposits and real estate. They also have a high propensity to save, resulting in the country having the highest savings rate in the world. As a result, personal savings such as deposits account for a strong proportion of the wealth accumulated by affluent individuals in China.