Sustainable investment boom sees huge surge in ESG funds With the rising popularity of ESG funds, investors have to be careful not to fall foul of greenwashing. Proposed EU regulations may help them to do just that 2020 was a watershed year for ESG funds. Investment strategies that take environmental, social and corporate governance…
European firms improve diversity scores in pandemic year, study finds The number of major European companies with high participation of women in leadership positions has doubled over the past year, but there was less progress on top jobs, a study by a EU-sponsored non-profit organization showed on Thursday. Brussels-based association European Women on Boards,…
M&A Roadmap for the Banking Industry in 2021 Mergers and acquisitions have returned back on the agenda of Swiss banking with force. Even if the mooted UBS-Credit Suisse-deal seems an unlikely proposition now, there are plenty of other options on the table for 2021, as an overview presented by finews.asia shows. Big banking has found…
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…
Adaptability supported by security: the future of financial services Due to the huge impact on working practices brought about to combat the coronavirus, financial businesses have had to realign on an unprecedented scale to keep the lights on. But until now their focus has understandably been solely on the short-term tactical hurdles e.g. ‘how do…
Julius Baer has been named the winner for the Outstanding Technology Implementation – Front End award at the Global Private Banking Innovation Awards 2020. This marks the 3rd accolade for the Swiss Private Bank’s digital advisory suite, known as DiAS, within six months. Hosted jointly by The Digital Banker and Global Private Banker, the Global Private Banking Innovation Awards-…
It is the private bank’s seventh acquisition in the past five years. The pan-European private banking group KBL European Private Bankers (KBL) has agreed acquire Zurich-based wealth manager Bank am Bellevue. The Swiss firm is a subsidiary of the Bellevue Group, a financial services company listed on the Six Swiss Exchange. Bank am Bellevue currently…
Swiss asset manager Bellevue Group is mulling the sale of Bank am Bellevue, its banking arm. Bank am Bellevue focuses on entrepreneurial private clients, offering them wealth and investment advisory services. Bellevue confirmed that it has already carried out negotiations with interested parties regarding the sale. However, the firm stressed that no deal has been…
EFG wants to bolster the business with independent asset managers. The private bank is launching a multi-custody platform for this purpose. EFG International, a Zurich-based private bank, will broaden the services for independent asset managers over a three-year period. In a first step, the bank will launch a new platform, the company said in a…
