Wealth
London-based Pacific Asset Management has acquired Asset Value Investors, an activist firm managing £2.1 billion. The deal integrates AVI into the infrastructure of Pacific, which is owned by Australia's Pinnacle Investment Management, while allowing the boutique manager to maintain its independent brand and bottom-up investment strategy.
Wealth
The wealth management sector sees a fresh wave of executive movement this week, with Alltrust, Hawksford, and Aventur securing new talent to bolster their legal, business development, and private office capabilities across the UK, Brazil, and international markets.
Wealth
A significant cybersecurity breach involving 31,000 legal entities has exposed vulnerabilities within Liechtenstein’s beneficial ownership register. This incident underscores a growing tension between the global push for financial transparency and the practical security challenges of maintaining centralized, government-run databases in an era of increasingly sophisticated digital threats.
Wealth
The United Kingdom has slipped into the middle tier of global wealth management hubs, trailing behind the United States, Singapore, and the United Arab Emirates. A new index from Zurich-based Avaloq evaluates 15 international markets, prioritizing structural competitiveness and long-term growth drivers over simple asset size.
Wealth
After a twenty-five-year tenure across major Swiss and European financial institutions, Reto Marx has transitioned to the digital asset sector. The former VP Bank chief executive now steps into the role of CEO for Sygnum Bank’s Singapore business, marking a strategic shift for the global digital asset group.
Wealth
HSBC posted a 23 per cent jump in pre-tax profit to $19.5 billion for the first half of 2026, bolstered by a significant influx of new wealth management assets in Asia. The banking group reported total revenues of $37.7 billion, an 11 per cent increase fueled by heightened customer activity and fee income.
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Wealth
Lombard Odier has appointed Tuncay Yilmaz as market head of Turkey to accelerate its wealth management presence in the region. Yilmaz, who joins from a 12-year tenure at UBS, will oversee operations from Geneva, reporting to head of New Markets Ali Janoudi effective August 3.
Wealth
UK investment platform AJ Bell has integrated Firenze’s asset-backed lending services, enabling financial advisors to offer clients liquidity against their portfolios without the necessity of liquidating assets or maintaining accounts at private banks. This move marks a significant shift in how Lombard lending reaches the broader investor market.
Wealth
Operating from the Dubai International Financial Centre, Souvik Sen has been appointed commercial director for Ocorian’s private client division in the Middle East. Tasked with driving regional expansion, Sen brings extensive experience in capital raising and high-net-worth wealth management to the global financial services firm.
Wealth
Copies of data regarding 31,000 legal entities were exfiltrated during a cyber attack on Liechtenstein’s Register of Beneficial Owners. The government has taken the system offline to assess the breach, though officials report no evidence that registry records were modified or deleted during the unauthorized access.
Wealth
Major central banks, including the Federal Reserve and the Bank of England, held interest rates steady last week, yet the decision signals a precarious pause rather than a pivot. Wealth managers now warn that geopolitical friction and stubborn energy-driven inflation are forcing a hawkish re-evaluation of future policy.
Wealth
Major central banks, including the Federal Reserve, the Bank of England, the ECB, and the Bank of Japan, maintained interest rates last week, signaling a precarious balance between cooling economies and persistent inflationary pressures fueled by energy costs and regional conflict in the Middle East.
Wealth
As market turbulence reaches historic levels across Asia, a decisive shift is occurring: investors are abandoning passive strategies in favor of active management. According to a new Schroders survey, 86 percent of Asia-Pacific investors now view active professional oversight as essential for meeting financial goals amidst compounding geopolitical and economic risks.
Wealth
ABN AMRO has officially finalized its €875 million purchase of NIBC, acquiring the Dutch bank from Blackstone at 0.85 times its book value. The deal, first announced in November 2025, aims to bolster the buyer's mortgage and savings market presence across the Netherlands, Belgium, and Germany.
Wealth
A 23 percent rise in statutory profit to £3.123 billion for the first half of 2026 places Lloyds Banking Group well ahead of analyst expectations. The results signal a robust period for the lender, driven by the full integration of Lloyds Wealth and a significant scaling of internal productivity measures.
Wealth
Global wealth and infrastructure firms are reshuffling their leadership ranks, with new high-level appointments at Investor Pointe, Walkers, and M&G’s Infracapital division. These strategic changes reflect a broader push to strengthen client relations, regulatory compliance, and private market investment capabilities across international financial hubs.
Wealth
Managing a combined $119.37 billion, family offices are increasingly looking beyond their own walls to handle complex financial tasks. A survey of 200 industry professionals reveals that 77 percent plan to ramp up their reliance on third-party specialists over the next three years to meet growing operational demands.
Wealth
With $119.37 billion in combined wealth, family offices are shifting away from internal management, as 77 percent of surveyed institutions plan to increase their reliance on third-party specialists. This trend marks a decisive move toward external expertise to handle the rising complexity of modern investment and security landscapes.
Wealth
Managing a combined $119.37 billion in assets, family offices are increasingly shedding in-house operations in favor of third-party specialists. A new survey of 200 institutions across 16 countries reveals that 77 percent of firms intend to ramp up external support to navigate complex investment landscapes and heightened security threats.
Wealth
Despite a recent sharp sell-off in semiconductor stocks and persistent geopolitical volatility, HSBC’s private banking division is holding firm on its core strategy. The firm remains overweight on US equities and bullish on the dollar, citing resilient economic growth and the enduring competitive advantage of American artificial intelligence leadership.
Wealth
NatWest Group’s private banking and wealth management division posted an operating profit of £212 million for the first half of the year, a marked rise from the £179 million recorded during the same period in 2023, as the bank aggressively pivots toward fee-based income streams.
Wealth
As speculation mounts over potential tax shifts under the new government, high-net-worth individuals are facing a period of intense policy uncertainty. Nick Ritchie of RBC Wealth Management warns that while the temptation to react is strong, the most effective strategies rely on long-term planning rather than sudden financial maneuvers.
Wealth
New York City’s publication of a massive property database to support a new pied-à-terre tax has triggered accusations of doxxing. While officials frame the release as a transparency measure, critics argue that aggregating sensitive ownership data—including names and addresses—creates significant security risks for high-net-worth individuals and lacks necessary oversight.
Wealth
With over €200 billion in assets under management, the Valencia-based banking giant is restructuring its wealth and asset management units to sharpen its advisory focus. The shake-up includes a leadership transition for the wealth division and a direct reporting line for its asset management arm to the retail banking head.
Wealth
RBC Wealth Management plans to recruit over 70 client-facing advisors across the UK, Jersey, and the Republic of Ireland by the end of 2027. This aggressive hiring drive serves as the latest pillar in the firm’s strategy to solidify its presence in Europe following the major acquisition of Brewin Dolphin.
Wealth
Nira Tanoko, a seasoned veteran of the wealth management sector, has been named the new market head for Southeast Asia at Julius Baer. Based in Singapore, she will report directly to region head Jimmy Lee, taking charge of the bank’s efforts to service high and ultra-high net worth clients across the territory.
Wealth
UK asset manager Schroders reported a statutory pre-tax profit of £396.8 million for the first half of 2026, more than double the £196.9 million recorded a year prior. The surge comes as the firm nears its acquisition by the US-based Nuveen, reflecting a broader trend of transatlantic consolidation in wealth management.
Wealth
PIMCO is expanding its European fund lineup by converting its long-standing StocksPLUS strategy into a UCITS ETF format. The new PIMCO Advantage StocksPLUS US Large Cap UCITS ETF aims to marry US equity exposure with active fixed income management, marking a significant shift in how the firm distributes its flagship investment products.
Wealth
Societe Generale’s private banking division posted a robust €363 million in net income for the second quarter of 2026, marking an 18 percent year-on-year increase. This growth reflects a broader trend of rising performance across the French lender's business units as the group pivots toward higher profitability targets.
Wealth
St James's Place reported a decline in adjusted pre-tax profits to £278.4 million for the first half of 2026, down from £307.0 million a year prior. While assets under management climbed to a record £240.8 billion, the wealth manager faces ongoing pressure from charging controversies and a shift in its fee model.
