Morgan Stanley has named a new head of its team serving private equity clients in Europe — as banks step up efforts to reap fees from buyout firms’ record sums of untapped capital, amid signs of an uptick in M&A. Massimiliano Ruggieri, Morgan Stanley’s head of investment banking for Italy, has been promoted to run financial…
Edmond de Rothschild – The asset manager has placed its three specialised real estate subsidiaries under a single management and appointed Pierre Jacquot to lead the business. Jacquot has joined the asset management executive committee. Jacquot will be responsible for strengthening synergies between the €10bn real estate business as well as for convergence with other asset management and private…
Nov 7 (Reuters) – UBS UBS has poached Wendy Liu from Nomura for the newly created role of head of China strategy, Refinitiv IFR reported J.P. MORGAN PRIVATE BANK J.P. Morgan Private Bank named Alex Wolf as head of its client investment strategy in Asia. HSBC HSBC has hired five analysts in London as part…
NEW YORK, N.Y. – Oct. 25, 2018–Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, and UBS (NYSE:UBS), the world’s largest wealth manager, today announced an innovative strategic partnership where UBS Wealth Management USA will be the anchor client on Broadridge’s new wealth management industry platform. The Broadridge Wealth Platform is a next-generation open platform that will…
The 222-year-old, Swiss bank was recently awarded a category one licence from the Financial Sector Conduct Authority 25 OCTOBER 2018 – 18:41 WARREN THOMPSONSwitzerland-based private bank Lombard Odier is expanding its services to the South African market, targeting clients looking to diversify their portfolios offshore. The 222 year old bank will provide advisory and related…
Swiss bank Reyl & Cie has announced it will purchase the Luxembourg private banking arm of family-owned Swedish financial group Öhman. Reyl will acquire all of the outstanding share capital of Öhman Bank Luxembourg, which was established in 2006. A spokesman at Reyl said all the staff at Öhman would be transferred. The deal marks…
As announced in January 2018, the transaction covers the acquisition of part of Nordea Bank’s business and its integration onto UBS’ platform, thereby providing clients access to its global offering and local expertise. The decision followed a thorough strategic review of Nordea’s Private Banking International activities. The strategic review was part of the transformation of…
Wilmington Trust hired Rohit Malhotra as a senior private banker in the company’s office in New York City. In this role, he will provide complex lending strategies and cash management advice to high-net-worth clients. He will also be responsible for coordinating a broad range of specialized services for clients through Wilmington Trust’s Wealth Advisory and…
Lloyds Banking Group is planning to merge its £13bn wealth management unit into a joint venture (JV) with investment firm Schroders. The successful Lloyds and Schroders wealth tie-up, would create one of the biggest wealth management JVs in the recent years. The proposed tie-up was confirmed by Schroders in a statement. “Schroders confirms that…
Credit Suisse has offered its digital private banking clients in Singapore and Hong Kong access to Apple Business Chat to enable them interact directly with the bank. The service will be available to iPhone and iPad users, who can access it through the Messages app on their devices. Credit Suisse head of private banking for…
