privatebankerinternational

Fortress names private wealth heads for Japan and EMEA

The private wealth solutions unit was set up by Fortress in 2022. Credit: Funtap/ Shutterstock.com. Fortress Investment Group has named Yuko Umino to oversee its private wealth solutions activities in ...
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Sequoia Financial adds $2.3bn in assets with BSW Wealth purchase

Sequoia Financial Group has acquired BSW Wealth Partners, an independent wealth management business based in Colorado, for an undisclosed sum. Established in 1992, BSW works with clients across the ...
privatebankerinternational

Türkiye imposes new hedge fund limits – report

The rules set maximum holdings based on an issuer’s publicly tradable shares. Credit: piksik/ Shutterstock.com. Türkiye’s capital markets regulator has introduced restrictions on hedge fund holdings, ...
privatebankerinternational

Wealth Enhancement buys advisory business of Dickerson Jackson & Associates

Dickerson Jackson & Associates was set up in 2004. Credit: R Photography Background/ Shutterstock.com. Wealth Enhancement has acquired the investment advisory operations of Dickerson Jackson & ...
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Australian Unity to close Platypus Asset Management after business review

Platypus oversaw about A$5bn ($3.6bn) in 2024. Credit: JHVEPhoto/ Shutterstock.com. Australian Unity has decided to shut down Platypus Asset Management, the group’s Australian equities subsidiary, ...
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Groww AMC completes investment deal with State Street

Groww is seeking to widen its investment platform beyond domestic offerings. Credit: Rahbar stock/ Shutterstock.com. Groww Asset Management Company (AMC) has closed its Rs5.8bn ($64.2m) investment ...
privatebankerinternational

Vanguard agrees to acquire wealth tech platform Altruist

Vanguard became an investor in Altruist in 2020. Credit: Samuel Boivin/ Shutterstock.com. Vanguard has reached a deal to acquire Altruist, a wealth technology and custody business focused on financial ...
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Wells Fargo ramps up adviser recruitment after wealth overhaul – report

The initiative is part of a wider restructuring led by Barry Sommers, CEO of Wealth & Investment Management at Wells Fargo. Credit: Sundry Photography/ Shutterstock.com. Wells Fargo is intensifying ...
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HSBC hires bankers from UBS and Bank of Singapore

Vivek Pandohi will take charge of the Global India franchise in the Middle East. Credit: Poetra.RH/ Shutterstock.com. HSBC Private Bank has made a series of senior appointments across its India, ...
privatebankerinternational

Constellation Wealth buys minority stake in Confluence Financial

Control of Confluence will remain with the current management team. Credit: afotostock/ Shutterstock.com. Constellation Wealth Capital (CWC), an alternative asset management firm, has agreed to take a ...
privatebankerinternational

JPMorgan softens stance on share-backed loans to target AI-era wealth – report

Other banks, including Goldman Sachs, generally do not wait beyond those 30 days before offering such loans. Credit: Lewis Tse/Shutterstock.com JPMorgan Chase is easing its approach to loans secured ...