EFG International records surge in AUM on strong inflows
EFG International AUM has reached an all-time high of $187bn (CHF170bn) at the end of March 2021, up by CHF11.2bn from CHF158.8bn at the end of December 2020. The Swiss…
Results & Deals
Amundi profit rises in Q1 2021 even as it records outflows
Europe’s largest asset manager Amundi has reported adjusted net income group share of €309m in…
Deutsche Bank records strongest quarter since 2014 as it dodges Archegos hit
Deutsche Bank has reporting the best quarterly profit since 2014 aided by investment banking, while evading the fallout from insolvent US…
Schroders announces Q1 results amid Singapore shuffle
Schroders has revealed its results for Q1 2021, registering total assets under management, including JVs and associates, of £672.0bn ($936.55bn).…
Coutts profit for Q1 2021 witnesses a 31% increase
UK-based private bank Coutts recorded an operating profit of £64m in Q1 2021, £15m (31%) higher year-on-year. In addition, there…
SJP announces record Q1 results
St. James’s Place (SJP) has revealed “record” results for the first quarter of 2021, registering total funds under management of…
UBS reports 14% profit despite $774m Archegos hit
UBS has reported a 14% profit growth in Q1 2021, though the performance was marred by a $774m hit from exposure to collapsed US-based hedge fund Archegos Capital. Archegos was a customer…
Quintet Private Bank shrinks net loss to €20.3m in 2020 despite pandemic
Luxembourg-based wealth manager Quintet Private Bank has reported a net loss of €20.3m for the year 2020 compared to a net loss of €43.7m in 2019. The wealth manager, known…
Quilter reports 26% surge in total assets for Q1
Quilter has reported a 26% year-on-year jump in total assets for the first quarter of 2021 driven by improved net flows, positive investment performance, and bounce back in markets. The…
Credit Suisse swings to loss in Q1 2021 after Archegos hit
Credit Suisse has posted a net loss in Q1 2021 after taking a $4.7bn (CHF4.4bn) hit from exposure to insolvent US-based hedge fund Archegos Capital. This outweighed strong growth across wealth…
Northern Trust reports profit and AuM growth in Q1 2021
US-based asset manager Northern Trust has registered a 4% year-on-year rise in net income in Q1 2021. Revenue remained stable as decrease in net interest income were offset by rise…
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