Applenews
UBS embraces AI, tax expert slams widely-cited millionaire migration stats
Catch up on the biggest news in wealth management this week
5 min read
UBS hires JPMorgan private banker for global cross-divisional wealth team
Stephanie Khalef-Wassmer will join as a London-based client adviser later this month
2 min read
Schroders, Aberdeen stick with WFH, and Woodford hits back at £46m FCA fine
Catch up on this week’s asset management news
3 min read
Aberdeen, Schroders bosses have no plans to crack down on hybrid working
UK asset managers will stick with policies allowing their staff to work from home, despite some financial groups tightening requirements
4 min read
UK banks uncovered 178 staff WhatsApp breaches, FCA survey finds
Banks were asked to disclose how they’ve improved employees use of ‘off-channel’ communications after big fines in the US
4 min read
Fried Frank hires Goodwin real estate partner Evans
The veteran real estate lawyer marks Fried Frank’s latest hire from Goodwin
1 min read
UBS’s Rob Karofsky on using AI to boost US wealth arm: ‘60% of our efforts are focused on productivity’
Swiss wealth giant is using AI to speed up admin tasks and generate prompts for advisers to have more ‘focused’ conversations with clients
3 min read
Goldman Sachs London pay costs rise 19% as revenue jumps
The Wall Street bank has seen a sharp increase in dealmaking and trading revenue in the first six months of 2025
2 min read
Alvarez & Marsal private equity affiliate plots Milan debut next month
A&M Capital Europe joins a slew of firms setting up shop in the Italian financial district
2 min read
Investment Association CEO: Britain has opportunity to transform retail investment
Investment Association chief executive says bolstering retail investment will also deliver a direct benefit for the UK economy and capital markets
5 min read
Citigroup hires JPMorgan’s Prickett to run European G10 rates
US banks have seen a surge in trading revenue so far in 2025
1 min read
Glencore offers boost to London stock market as it shelves US listing plan
Swiss mining giant says shifting its main stock listing to the US would not be ‘value accretive for shareholders at this point in time’
UniCredit hires Nicklaus to head European TMT, advisory in Germany
The Italian lender has bolstered its German investment bank with two senior hires
UK investors pull more than £300m from US equity funds amid Trump’s tariff turmoil
Calastone figures show outflows posted by North America funds in July were the first since October 2024
Quilter assets rebound to £123bn after Trump tariff hit
Advice giant sees £4.5bn of net inflows during the first six months of 2025, up 160% on the previous year
Most Read
Rokos to join Middle East rush with new Abu Dhabi office
The hedge fund joins the a growing list of financial firms setting up in the Middle East
2 min read
Mizuho targets top 10 dealmaking position in Europe after acquisitions
The Japanese lender bought European boutique Augusta & Co after previously acquiring Greenhill
3 min read
Bank of America joins rivals by asking juniors to disclose job offers
The US bank told analysts they will be assigned to another business area if they accept a job elsewhere 18 months after starting
1 min read
Octopus buys Virgin Money investment arm to accelerate wealth push
Octopus Money eyes greater foothold in the UK’s direct-to-consumer market
2 min read
Woodford hits back at FCA fine, claiming regulator ‘never objected’ to fund liquidity
Woodford Investment Management says regulator never suggested liquidity framework for Woodford’s flagship fund was ‘inappropriate or unreasonable’
3 min read
