All articles by Satarupa Bhowmik
Satarupa Bhowmik
BlackRock completes purchase of private markets specialist Preqin
Preqin provides data solutions for private markets to over 220,000 users, such as asset managers and banks.
HSBC to cut headcount by almost half at China digital wealth unit
The downsizing will be done through layoffs, natural attrition, and reassignments within HSBC’s operations in China.
Aquiline to buy SEI’s Family Office Services business for $120m
Family Office Services staff from SEI’s offices in Indianapolis, Denver, and Oaks will join Aquiline.
Standard Chartered expands UAE private banking team
The new team members will report to Nash Mithani, market head, private banking, UAE and head, Global South Asia Community.
Goldman Sachs appoints new CFO for asset management division
Overbay succeeds Thomas Manetta, who is moving to the bank’s HR team to focus on corporate compensation.
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Blackstone appoints new global head of portfolio operations
Rodney Zemmel will lead a team of operating executives providing expertise across areas such as talent, data science, AI transformation, and cybersecurity.
Unique raises $30m to accelerate AI innovation for financial services
Its technology is already deployed by financial firms managing over $2.3tn in assets, including Pictet Group, UBP, LGT Private Banking, and SIX.
Citi names new North America private bank head
Biotti formerly led Bank of America’s northeast private bank, overseeing seven markets and 25 offices.
Jupiter Asset Management gains CMS licence in Singapore
The CMS licence allows Jupiter to expand its global investment solutions to more investors in Singapore.
Betterment buys automated investing business of Ellevest
Betterment will not absorb the technology, staff, operations, or additional accounts of Ellevest.