Market volatility weighs on DBS’s wealth management division
Net fee and commission income from DBS Group Holdings’ wealth management division fell by 4% during the third quarter, compared with the same quarter last year.
Wealth Management
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Unicorn launches IHT portfolio service
Unicorn Asset Management and WM Capital Management have launched an Inheritance Tax Portfolio Service.
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Hansard hires Michael Wrigley to expand southeast Asia IFA business
Isle of Man-headquartered Hansard International has hired former Standard Life director Michael Wrigley as head of sales for southeast Asia.
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Societe Generale names wealth management head in reshuffle
Societe Generale Private Banking has named Olivier Paccalin as head of wealth management solutions for all of its locations worldwide.
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ANALYSIS: Wealth managers ignore ESG investing at their peril
The rising tide of regulation and ever increased scrutiny on fees has meant that scale is ever more important for wealth managers.
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Beechwood expands into Middle East, hires Mark Hollis
Beechwood Bermuda International has announced a new Middle East operation to market and distribute its investment products in the United Arab Emirates and across the region.
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London’s growing high net worths draws IWI to UK
Luxembourg-based International Wealth Insurer (IWI) plans to tap growing demand in London for pan-European financial planning solutions, says its UK representative Mike Foxall.
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Is cash king?
With volatile market conditions prevailing, many investors are turning to cash as a risk-reducing measure. But are they really doing themselves a favour?
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Profile Software announces Middle East expansion
Specialist wealth management software provider, Profile Software, has announced plans to expand across the Middle East following good demand for its IMSplus platform.
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Axa rumoured to be looking at sale of UK businesses
French insurer Axa Group may be looking to sell off all of its UK businesses, including Axa Wealth, according to British media reports.
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Swiss-Asia expands to target growth in financial entrepreneurs
Swiss-Asia Financial Services (Swiss-Asia), a Singapore-based independent asset management company, said it plans to expand its operations to meet the rising demand coming from entrepreneurial finance professionals.
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Australian wealth manager AMP posts 33% rise in net profit
Australia’s biggest specialist wealth management company, AMP, has posted a 33% rise in net profits for the six months to 30 June due to solid growth in its core domestic business and a big contribution from its Chinese joint venture.