Barclays Considers Acquiring SocGen’s UK Private Banking Unit LeapRate

February 15, 2024 BY Simon Mugo

Barclays Considers Acquiring SocGen’s UK Private Banking Unit

Societe Generale, with advisory services from Rothschild & Co, has initiated seeking potential buyers through an auction for Kleinwort Hambros, as mentioned by two sources. The French banking conglomerate is also preparing to divest its private banking operations in Switzerland, aligning with its strategy to streamline its business portfolio, the sources added. Kleinwort Hambros, which…

February 09, 2024 BY Simon Mugo

Italy’s Mediobanca’s H1 Profits Surged Higher, Beating Estimates

Nagel emphasised the transformative nature of the recent performance, highlighting it as a manifestation of the group's new strategic direction. "Our progress has been substantial and highly efficient in generating and utilising capital," he remarked. This was underscored by the bank's core capital ratio, which stood at 15.3% of risk-weighted assets, surpassing analysts' forecasts from…

October 18, 2023 BY Elizabeth Anderson

Alpine Capital branches into wealth management

Alongside this new launch, the company announced major changes within its leading roles. Wentworth Securities Director Malcolm Nutt, Head of Wealth Management Thomas Schoemaker, and Head of Institutional Sales Phil Cawood have joined with the company's finance team who recently founded RE Capital. Not only does this shift signify internal movements, it also aims to…

July 20, 2023 BY Steffy Bogdanova

Nomura announces the launch of its international wealth management business in Dubai

Nomura International Wealth Management will become part of the DIFC ecosystem, which is home to more than 300 wealth and asset management firms, constituting a substantial USD 500 billion asset management market in terms of assets under management (AUM). Arif Amiri, CEO of DIFC Authority, commented: We are delighted to see Nomura's growth plans flourish…

December 14, 2022 BY Steffy Bogdanova

Nomura opens a Dubai branch, expands Wealth Management business in the Middle East

Ravi Raju, Head of International Wealth Management, Nomura, said: Dubai has long established its importance in the Middle East, Indian subcontinent and Africa for entrepreneurs and families as a base to grow their international presence from. We welcome the chance to be a part of this exciting growth opportunity to offer our International Wealth Management…

April 20, 2016 BY Maria Nikolova

Wealth managers see technology as crucial to retain competitive edge – Survey

Wealth managers see the role of technology for maintaining a competitive edge as vital, according to a research conducted by Saxo Markets, the Institutional Division of Saxo Bank, and provider of research services for wealth managers Compeer. The survey shows that 71% of respondents believe the superior technology of competitors is a threat to attracting…

April 03, 2015 BY Andrew Saks-McLeod

Monex Group founds new bank in Hong Kong alongside 10 other companies

A combination of ten Japanese and Hong Kong financial institutions, one of which is Monex Group, have established a new bank in Hong Kong named Nippon Wealth Limited, to provide wealth management services to individual clients

Tag: wealth management