Edmond de Rothschild buys 42.5% stake in UK family office
Deal will help serve clients ‘who continue to see London as a major financial hub post-Brexit’
Deal will help serve clients ‘who continue to see London as a major financial hub post-Brexit’
To set up platform for wealthy families to establish offshore holding companies
Hong Kong firm said it took a while to ‘convince’ investors about asset allocation and diversification
It has poached a Julius Baer banker to lead the operation
In a bid ‘to address the significant opportunity of the rapidly growing’ wealth sector in the region
Deal is subject to FCA approval
In a bid to attract and promote business in the Special Administrative Region
To meet the needs of its private wealth clients
It will have operations in London, Geneva and Singapore
68% of firms in the sector said they will benefit from the launch of the scheme
As they plan to significantly increase allocation to impact investing by 2025
They look at investments that ‘try to lift people out of poverty’