SJP unveils ‘smarter cash’ management platform
St James’s Place has partnered with London fintech group Flagstone to offer clients a new online cash management platform.
Wealth Management
-
-
Strong pension business helps SJP net inflows rise to £2bn in Q1
UK-based wealth manager St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter of 2017, bringing assets under management (AUM) to nearly £80bn, helped by solid growth in its pensions business.
-
Succession founder Simon Chamberlain dies, aged 51
Succession Group founder and group chief executive Simon Chamberlain died on Friday 17 March, aged 51.
-
China’s bank regulator to close loopholes, increase oversight
The freshly appointed chairman of the China Banking Regulatory Commission (CBRC) has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn (£3.5trn, $4.4trn, €4.1trn) held in Chinese banks’ wealth management products.
-
Asset management outlook bright but technology threat lurks
Two-thirds of chief executives in the asset and wealth management industry believe technology will reshape their business over the next five years, but just 10% are prioritising the development of digital skills and capabilities within their companies.
-
Australia’s IOOF profits fall after trimming adviser business
One of Australia’s biggest and oldest independent financial advice and wealth management companies, IOOF, has posted a 45% drop in net profit for the six months to 31 December 2016.
-
HK investors prefer commission-based model, survey finds
Investors in Hong Kong still prefer a commission-based charging structure when it comes to paying for wealth management services, while their mainland Chinese counterparts are increasingly opting for a fee-based model, according to the Hong Kong Investment Funds Association (HKIFA).
-
Lombard Int’l welcomes growing complexity in life products
Lombard International Assurance welcomes the increasing complexity in providing cross-border planning solutions for high net-worth families as it is their bread and butter, and one of the reasons the company has grown so successfully over the years.
-
Hong Kong seeks private bankers for local, mainland clients
There is a huge demand for relationship managers to look after high net worth (HNW) clients in Hong Kong and mainland China, a trend which is expected to continue in the coming year.
-
Asia’s wealth managers turn to local markets for new hires
Wealth management firms in Asia are ramping up domestic recruitment due to rising demand by Asian clients for advice from managers with local knowledge, language skills and cultural understanding.
-
AnaCap buys Barclays France, plans wealth manager launch
Barclays is to sell its French retail banking operations, life insurance business, and wealth and investment management operations to European financial services private equity firm AnaCap Financial Partners.
-
Cerno Capital’s James Spence on his Asian adventure
With a mistrust of global macro managers and concerns over an economic cycle ‘de-fanged’ by central banks, Cerno’s co-founder is drawing on his ‘apprenticeship’ in Asia to inform his current investment choices.