All articles by Satarupa Bhowmik
Satarupa Bhowmik
Italy’s Intesa, BlackRock enter digital wealth partnership
The partnership aims to improve FISPB’s services, including brokerage, hybrid advisory, and discretionary portfolio management.
Schroders trims executive team in new CEO’s push for revamp
Effective immediately, the reorganisation is part of a strategic effort to drive the company’s transition to growth.
Morgan Stanley executive named new PGIM president and CEO
Effective 1 May 2025, Chappuis will succeed David Hunt who will retire but will remain as chairman until 31 July 2025.
Invesco Advisers hit with $17.5m SEC fine for misleading ESG claims
SEC claims that Invesco misled clients about portion of company-wide AUM incorporating ESG factors in investment decisions.
LGT Crestone to buy CBA’s personal advice unit
The deal will also add nearly 40 advisers, associates and support employees to LGT Crestone.
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India’s Nivesh buys wealth platform Wealthzi
With the acquisition, the combined entity is expected to manage assets totalling around $333.3m.
Schroders appoints UK head, Americas CEO
Phil Middleton, who joined Schroders in 1992, held several roles in distribution and marketing.
Wealth Enhancement Group acquires New Jersey’s M&R Capital Management
M&R Capital Management, headed by chairman and CEO John Maloney, has more than $536m in client assets.
Standard Chartered Global Private Bank appoints relationship managers in UK
The three new hires are expected to bolster the firm’s private banking services for UHNWIs.
Advanta Solutions acquires City Financial Planning
The deal, whose financial terms remain undisclosed, expands Advanta Solutions’ AUM by £800m.