In Wealth Deals, Buyers Adopt New Deference A new, clubbier model of Swiss private banking acquisition is emerging in a flurry of deals in the sector. Suitors hope a softer touch will ensure success, but the approach also carries risks. Switzerland’s wealth sector remains fertile hunting ground, with three notable deals notched this year:…
The amount of assets under management has doubled in 11 years The number of assets under management continues to increase in private banks in Luxembourg, reaching 466 billion euros, according to the ABBL. The most endowed customers are the most numerous. 85% live in Europe, of which only 21% in the Grand Duchy. The Luxembourg financial…
With Biden bets and Trump hedges, investors prepare for U.S. Election Day Four years after Donald Trump’s surprise presidential victory roiled markets, investors are prepared for short-term trading turmoil and major long-term policy shifts, on the eve of Tuesday’s U.S. election. Investors could confront dramatically different paths for the country on taxes, government spending,…
Working from home ‘damaging Britain’s creative potential and economic wellbeing’ Bank of England’s chief economist says lockdown arrangements benefited some, but not all workers Working from home is damaging Britain’s creative potential and could harm personal wellbeing and the economy if it is maintained long after the coronavirus pandemic has receded, the Bank of England’s…
Jacinda Ardern wins New Zealand election by landslide World leaders send messages of congratulations. New Zealand’s Prime Minister Jacinda Ardern won a second term in office on Saturday, delivering the biggest election victory for her centre-left Labour Party in half a century as voters rewarded her for a decisive response to COVID-19. The win…
Three Obstacles to a UBS Credit Suisse Tie-Up Speculation about a merger of UBS and Credit Suisse is returning time and again, despite the convincing arguments that show such a move to be to the detriment of employees, shareholders and clients. The start to his new job as head of UBS must have come…
9 Things you need to seriously consider before joining a startup Interested in joining a startup? There’s a couple things you need to know first. Startups are hard. Working at a startup is equal parts addicting, rewarding, frustrating, and confusing. I should know, I’ve worked in senior roles at four different startups over the…
A legal fight shows the symbiotic relationship between the superwealthy and their money whisperers. When Moisés Cosío Espinosa’s car sputtered to a halt on a Los Angeles roadside, he knew who to phone for help, and it wasn’t a relative or the AAA. Instead, Cosío dialed a number three time zones away—the office of Iñigo…
5 Ways ONA Creates Value in Mergers and Acquisitions M&A considerations during the COVID-19 pandemic A series of megadeals have recently driven global M&A activity to its strongest start of all time in the second half of 2020, as chief executives resume acquisitions after sitting on the sidelines during the height of the COVID-19…
A handful of companies, mostly tech groups, have created a head of remote role Have you ever heard of a “head of remote” working? No? Join the club. Millions may have been working from home since March and bosses may be talking of a permanent shift to “hybrid” working, where some staff stay at home…
