Credit Suisse and UBS leadership consider merger option
The management of Swiss banking rivals Credit Suisse and UBS are reportedly weighing a merger of their businesses. The news…
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IQ-EQ takes over Blue River Partners
Investor services provider IQ-EQ has snapped up Blue River Partners, an outsourced solutions provider to alternative asset managers. The deal…
DBS wealth profit rises in Q4 2019
The Consumer Banking/Wealth Management arm of DBS has reported a pre-tax profit of S$577m ($415.5m) for Q4 2019. This is…
Family office Preon Capital buys stake in Spanish rival Augustus Capital
Preon Capital Partners, the Swiss family office of business angel Jari Ovaskainen, has agreed to buy a 34% interest in…
China and US drive growth in global wealth despite trade war
Total global wealth has increased 2.6% in the last year, driven by China and the US despite the protracted trade…
Crisis-ridden Woodford Investment Management shuts down
Neil Woodford (Woodford) is pulling the plug on Woodford Investment Management after being dismissed as the manager of its flagship…
UK’s largest online wealth manager widens losses
UK-based online investment management firm Nutmeg has widened its losses by more than £6m in 2018 following an increase in…
Pictet reports fall in H1 profit though AuM rises
Swiss private bank Pictet Group has registered a net profit of CHF265m for the first half of 2019. This is…