Canaccord Genuity handed £700m management buyout bid
Group led by CEO Daniel Daviau offered a 30.7% premium on firm’s share price
Wealth Management
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European wealth managers predict tougher suitability regulations
Most feel they will be pressured to pay compensation for failing to understand clients’ risk profiles
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Financial services firm buys Scottish rival
Both companies have wealth management and private client offerings
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Investment firm partners with global tech provider
To give wealth industry more access to private market strategies
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Professional services group sets up wealth management arm
It has hired a former Investec W&I associate director to run the operation
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Brewin Dolphin board exodus as RBC acquisition completes
But Robin Beer remains at the helm of the wealth manager now known as RBC Brewin Dolphin
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Credit Suisse to set up wealth operation in China
It will reportedly start offering services in the country next year
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Demand for Singapore wealth services surges
Client ‘needs have extended from personal to family, corporate and social’
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Wealth market to double to $500bn in just nine years
But a one-size-fits-all approach risks some managers falling behind
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Global wealth surges 10.6% to $530trn
It is the fastest growth rate in over a decade
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Alternative investment manager sets up wealth operation in Asia
As it hires former global head of discretionary portfolio management at HSBC PB
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Mena wealth market set for expansion over next 3 years
Assets under management in the region predicted to hit $2trn before 2025