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Showing 11 - 20 of 159 results for "Global Wealth"

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... final bids, made by JPMorgan, PNC Financial Services Group and Citizens Financial Group, to rescue the bank, the global wealth giant was advised it won the auction. The FDIC's brief takeover of First Republic allowed the bank to enter into a loss-share ...

UBS swaps out chiefs amid Credit Suisse acquisition

CASSANDRA BALDINI  |  THURSDAY, 30 MAR 2023
... the Global Financial Crisis. UBS said he built financial strength and improved resilience by putting its leading global wealth and asset management business, and Swiss universal bank, at its core. Ermotti further transformed the investment bank by cutting ...

Gender lens approach wins: Steed

CHLOE WALKER  |  FRIDAY, 10 MAR 2023
... Steed said she is particularly excited about the gender wealth transfer. She said: "Right now, around a third of global wealth is controlled by women, and expectations are that within 30 years the majority of global wealth will be controlled by women." ...

Principal Financial Group to rebrand investment unit

CASSANDRA BALDINI  |  TUESDAY, 11 OCT 2022
... investment options such as model portfolios and direct lending, respectively. Hires, to support growth initiatives like global wealth alternatives and liability-driven investments, have been made. The client experience will also shift towards a digital ...

UBS launches small cap strategy in Australia

CASSANDRA BALDINI  |  WEDNESDAY, 17 AUG 2022
... clients access to a best-in-class global offering. "In a first for UBS Australia, we have collaborated with our global wealth and advisory business to draw on their insights into what clients here and around the world are seeking from an investment product ...

FNZ acquires private banking tech firm

CASSANDRA BALDINI  |  THURSDAY, 21 JUL 2022
... wealth globally and will support FNZ in delivering on its promise to open up wealth and serve the US$240 trillion global wealth market. FNZ chief executive Adrian Durham said the firm's success has always been based on understanding the needs of ...

PIMCO selects new head of local business

ANDREW MCKEAN  |  MONDAY, 9 MAY 2022
... institutional account management Eric Frerer. Watkins will also closely collaborate with head of distribution of global wealth management Brendon Rodda. Watkins starts in the role today and is based in PIMCO's Sydney office. Prior to joining PIMCO, Watkins ...

PIMCO dumps LIT launch

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
... Mead. Adam Bowe, Giang Bui, and Jing Yang were also on the portfolio management team. PIMCO head of distribution, global wealth management in Australia Brendan Rodda said the experience has highlighted that while there is demand for the kind of strategy ...

UBS acquires Wealthfront, opens multicultural division

JAMIE WILLIAMSON  |  THURSDAY, 27 JAN 2022
UBS is expanding its global wealth management offering, with a focus on affluent young people and multicultural investors. UBS has acquired Wealthfront, an automated wealth management platform serving millennial and Gen Z investors, for US$1.4 billion. ...

Use of cryptos to boom in 2022: Research

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... may follow El Salvador's lead and adopt crypto as legal tender. Earlier this month Nigel Green, chief executive of global wealth manager deVere Group, said he believes at least three other countries will do the same this year. "Low-income countries have ...