Wealth
Exercising a long-standing call option, Swiss private banking group J Safra Sarasin is moving to acquire the remaining 28.69 per cent stake in Saxo Holding AG held by Kim Fournais. The deal brings the Copenhagen-based investment firm under full ownership of the bank, marking a shift toward total consolidation.
Wealth
Schroders is offloading its UK financial advice arm, Benchmark, to Sweden’s Söderberg & Partners. The move aligns with a broader strategy to streamline operations and concentrate resources on wealth management, specifically its Cazenove Capital unit and international wealth divisions, even as Schroders itself faces a pending acquisition by Nuveen.
Wealth
A flurry of senior personnel shifts is reshaping the wealth management landscape, with major firms in the UK and offshore jurisdictions bolstering their leadership ranks. From regulatory expertise at Ogier to a significant technology-focused overhaul at Hargreaves Lansdown, firms are aggressively positioning for mid-year growth.
Wealth
UK financial services mutual Wesleyan has introduced two new With Profits funds, extending its range of smoothed investment products for wealth advisors. The additions—the With Profits Cautious Fund and the With Profits Adventurous Fund—aim to provide tailored risk profiles for clients looking to buffer against daily market volatility.
Wealth
Aberdeen Investments finalized its acquisition of closed-end fund assets from Boston-based MFS Investment Management on July 2, absorbing a portfolio valued at approximately £1.5 billion. The transfer, completed after the New York Stock Exchange closed, marks the firm's tenth acquisition of this type since 2000, bolstering its US market presence.
Wealth
After a planned succession process, global professional services firm ZEDRA has appointed Cameron Senior to lead its Crown Dependencies business. Senior, who joined as deputy regional head in early 2026, will now oversee the firm’s strategic operations in a region that has served as a cornerstone of its business for a decade.
Wealth
As geopolitical instability ripples through global energy markets, Valerie Genin of Barclays Private Bank in Monaco is steering client portfolios toward US and emerging market equities. Despite the volatility triggered by Middle East tensions, she remains optimistic about technology-led growth while emphasizing the defensive utility of private markets and fixed income.
Wealth
Lombard Odier has signaled a constructive outlook for the remainder of 2026, advising investors to favor emerging market equities and specific cyclical sectors. Despite persistent geopolitical tensions and economic volatility, the Swiss private bank suggests that market conditions remain broadly supportive of risk assets for the coming months.
Wealth
After a high-profile leadership shuffle at Standard Chartered, Peter Burrill is moving to the Swiss private banking sector. Julius Baer confirmed this week that Burrill will assume the role of chief financial officer on August 17, stepping in to replace outgoing executive Evie Kostakis pending final regulatory clearance.
Wealth
After a stint at Natixis Investment Managers in Paris, Luc Bernard returns to Bangalore to lead Natixis CIB’s technology and innovation hub. He steps into the role of CEO at a pivotal moment, as the firm marks the five-year anniversary of its primary Indian operations center.
Wealth
Navigating the collision of IRS worldwide taxation and UK financial regulations has long turned US expatriates into a compliance headache for wealth managers. Canaccord Wealth is now attempting to bridge this gap, launching a managed portfolio service specifically engineered for Americans living in Britain to bypass punitive tax traps.
Wealth
Ninety-four percent of wealth managers overseeing £332.7 billion in assets now warn that relying exclusively on public equities leaves investors exposed to significant growth gaps. As private markets become a core component of portfolio strategy, advisors are shifting their stance on what constitutes a well-diversified long-term investment.
Wealth
Thirty percent of non-advised platform users currently remain in the dark about their investment charges, prompting the Financial Conduct Authority to overhaul how firms communicate fees. The regulator is pushing for plain-English disclosures and standardized reporting to help investors understand exactly how costs erode their long-term returns.
Wealth
Dimitri Anghelakis will take the helm of HSBC’s trust and fiduciary services division on August 17, relocating from London to Hong Kong. He succeeds Brent York, a veteran of more than forty years who plans to remain with the bank as an advisor until 2027 to oversee the transition.
Wealth
After two decades of shaping the firm’s strategy, founding partner Petra Salesny is stepping into the role of chief executive officer at Amundi Alpha Associates. She takes the helm of the €24 billion private markets unit as it navigates a period of global expansion and shifting investment priorities.
Wealth
Natixis Corporate & Investment Banking has tapped Luc Bernard to lead its technology and innovation hub in Bangalore. Bernard, who previously served on the center’s board, steps into the role as the firm looks to deepen the integration of its Indian operations into its broader global financial architecture.
Wealth
The Dubai Financial Services Authority has officially admitted the UAE Ministry of Finance’s inaugural sovereign retail treasury sukuk for trading on Nasdaq Dubai. This milestone marks the first time such an Islamic financial instrument has been structured specifically for retail investors within the DIFC’s regulated market infrastructure.
Wealth
A strategic cross-shareholding deal between BlueFive Capital and Saudi Arabia’s Al Murjan Group has birthed a new global Islamic finance platform. The agreement includes the acquisition of a stake in the Riyadh-based Sidra Capital, which will now operate under the rebranded identity of BlueFiveSidra to expand its international footprint.
Wealth
Luc Bernard has been appointed chief executive officer of Natixis Services in India, taking charge of the Paris-headquartered firm’s technology and innovation hub in Bangalore. The move marks a return for Bernard, who previously served on the center’s board of directors from 2021 until his recent tenure in Paris.
Wealth
A reshuffling of executive talent in the wealth management sector sees Citi Wealth promoting internal expertise while St. James’s Place reaches into Legal & General to bolster its investment office, as both firms look to refine their long-term strategies for managing client assets and diversifying investment offerings.
Wealth
NatWest Group has officially completed its £2.7 billion acquisition of Evelyn Partners, a move that reshapes the landscape of the UK wealth management sector. By integrating Evelyn’s £69 billion in assets under management with its own, the bank aims to capture a larger share of the country’s growing investment market.
Wealth
Industry leaders met this week at the inaugural Swiss Anti-Fraud Summit, a collaborative initiative spearheaded by the Swiss Bankers Association and infrastructure giant SIX. The event marks a formal shift toward unified defense strategies as financial institutions grapple with the rising complexity of digital fraud and cross-sector security threats.
Wealth
Investment managers are pivoting to meet complex market demands, with PIMCO, WisdomTree, and Pictet Asset Management launching new fund suites across Europe. The releases range from flexible global bond strategies to AI-driven equity indices and high-dividend ETFs, targeting investors navigating shifting macroeconomic conditions and evolving monetary policies.
Wealth
Financial data provider FactSet is deepening its push into artificial intelligence by forming a strategic partnership with TIFIN.AI. Alongside the technical collaboration, FactSet has secured an equity stake in the platform, though the specific financial terms of the investment remain confidential.
Wealth
Two senior relationship managers have transitioned from UBS Singapore to join HP Wealth Management, signaling a shift in the independent advisory landscape. Michael Sutter and Alex Grindley bring extensive institutional experience to the Singapore-based firm, which operates on a fee-based, bank-agnostic model for high-net-worth clients.
Wealth
Agustin Fernandez, a key architect of 7IM’s recent acquisition spree, has been promoted to chief corporate development officer at the UK wealth manager. The move follows a period of rapid expansion for the firm, which has absorbed six businesses and over £8 billion in assets since 2023.
Wealth
Wealth management firms are reshuffling their executive ranks, with Boston bolstering its Isle of Man leadership, Langham Hall tapping a new group CFO, and Gemcorp Group recruiting a veteran Goldman Sachs executive to serve as its president.
Wealth
Standard Chartered is merging its regional oversight by appointing Margaret Harwood-Jones as the new CEO for Europe and the UK, effective September 1. This move creates a unified command structure intended to streamline the London-listed bank's operations across 11 distinct markets and accelerate its regional growth strategy.
Wealth
With over 25 billion dollars in assets under management, Geneva-based Arab Bank Switzerland has officially anchored its Middle East operations within the Dubai International Financial Centre. The move transforms a long-standing regional advisory role into a localized platform designed to capture the growing demand from local family offices and entrepreneurs.
Wealth
Arthit Thongcharoen has stepped down as the head of Schroders’ Thailand operations after nine years with the UK-based asset manager. The firm confirmed his departure this week, noting that a search for a successor is currently underway to maintain its footprint in the competitive Southeast Asian wealth market.
