Wealth
City Hive Releases Toolkit for Charity Asset Oversight
“Values are often prominent in an organisation’s public messaging, but trustees need to understand how those commitments are reflected in the way investment partners operate,” says David Coombs of Rathbones Asset Management, as City Hive introduces a new framework to audit the cultural conduct of investment firms.
Hong Kong Launches Five-Year Blueprint to Solidify Financial Dominance
Hong Kong has unveiled an ambitious five-year growth strategy aimed at cementing its status as a global financial powerhouse. By targeting family office expansion, digital asset integration, and the development of a 'Northern Metropolis,' the government seeks to outpace regional rivals and facilitate a massive wealth transfer across Asia-Pacific.
Private Jets Become Strategic Assets for Expanding Family Offices
As family offices aggressively expand across borders to hedge geopolitical risks, private aviation has shifted from a luxury to a functional necessity. A new survey from Airbus Corporate Jets confirms that nearly every family office executive expects their reliance on business aircraft to surge over the next two years.
Aashish Agarwal Takes Helm at 360 ONE WAM
Aashish Agarwal, a seasoned veteran from Jefferies, has been appointed CEO of 360 ONE WAM Group. The leadership transition marks a strategic pivot for the Indian wealth and asset management firm, as former chief Karan Bhagat shifts into the role of vice chairman to focus on his managing director duties.
Why Affluent Investors Still Prefer Humans Over AI
While 73 percent of high-net-worth investors now deploy artificial intelligence for financial tasks, the technology remains a secondary player in final decision-making. According to a new HSBC survey of 10,000 global investors, human expertise continues to dominate the critical moments when money is actually put to work.
Paul Reynolds Moves to Westwick Partners After Thamesis Tenure
Having spent fifteen years navigating the complexities of single-family office management, Paul Reynolds has transitioned to Westwick Partners. The former Thamesis CEO joins the firm to leverage his direct experience, aiming to provide strategic guidance to families facing generational handovers and structural shifts across the UK and Europe.
UK Wealth Managers Mask Stagnant Organic Growth with Market Gains
UK wealth sector assets climbed to £1.73 trillion by the end of 2025, buoyed by favorable market conditions rather than genuine client acquisition. While total revenue rose to £11.1 billion, the industry's underlying organic growth rate cratered to 1.5 per cent, down from 3.2 per cent the previous year.
Invesco and Schroders Capital Target New Investment Frontiers
A behavioural-science platform from Invesco and a $1.3 billion private equity close from Schroders Capital highlight shifting strategies in wealth management. While Invesco aims to bridge the gap between cash savings and market participation, Schroders is scaling its global co-investment reach to capture mid-market growth across three continents.
Leadership Shifts Across European Wealth and Real Estate Firms
Strategic personnel changes are reshaping the wealth management and investment sectors, as Savills Investment Management, Etops, and Thriving Investments announce key appointments to drive capital growth, technological integration, and social-impact housing initiatives across international markets.
Family Offices Pivot Back to Equities Amid Succession Pressure
Ninety percent of family offices tracked by Citi Wealth reported positive returns in 2026, yet the optimism is tempered by deep-seated anxiety over inflation and a looming leadership vacuum. With one-third of firms expecting management transitions within five years, the focus has shifted toward institutionalizing long-term stability.
Barclays Recruits Wee Yee-Yeong to Lead Asia Private Banking
Barclays has tapped Morgan Stanley veteran Wee Yee-Yeong to spearhead its private banking operations in Singapore and across the broader Asia Pacific region. The appointment arrives as the British lender seeks to capitalize on its newly established Singapore booking centre to capture more business from ultra-high-net-worth entrepreneurs and family offices.
Pamela Tseng Joins Julius Baer as Asia COO
After a 23-year tenure at Julius Baer, Asia chief operating officer Andreas Zingg is stepping down. The Swiss bank has tapped former Standard Chartered private banking executive Pamela Tseng to lead its regional operations, effective October 16, marking a significant leadership transition for the wealth manager's Asian division.
Family Offices Pivot to Public Equities Amid Inflation Worries
Ninety percent of family offices surveyed by Citi Wealth report positive portfolio returns for 2026, signaling a resilient start to the year. Despite this performance, a persistent shadow remains: nearly one-third of these private investment houses are bracing for significant leadership transitions within the next five years.
Julius Baer Appoints Pamela Tseng as Asia COO
After 23 years of tenure, Julius Baer’s Asia COO Andreas Zingg is stepping down, clearing the path for Standard Chartered veteran Pamela Tseng to take over the regional operations. Her appointment, effective October 16, marks a significant shift in leadership for the Swiss private bank’s expanding Asian division.
Vontobel Recruits Emmanuel Archampong to Lead Insurance Expansion
Emmanuel Archampong has joined Swiss firm Vontobel as head of insurance solutions, tasked with scaling the company’s advisory and origination capabilities across Europe and the Asia-Pacific region. Based in London, he will report directly to Christoph von Reiche, the firm's global head of institutional clients.
New Investment Solutions From Russell, FE Fundinfo and W1M
Investment firms are expanding their product suites to address shifting market demands, with Russell Investments partnering with Ireland’s Unio Wealth Management, FE fundinfo upgrading its regulatory registration technology, and London-based W1M Wealth Management launching a dedicated retirement income service for financial advisors.
Executive Moves: Aberdeen, Ruffer and Suntera Shake Up Leadership
A wave of senior appointments across the wealth management sector signals a push for aggressive growth, with Aberdeen Investments, Ruffer, and Suntera securing new talent to navigate shifting institutional and ETF landscapes in the UK, Europe, and international markets.
UBS Pushes for Compromise on Swiss Capital Requirements
Three years after the emergency acquisition of Credit Suisse, UBS is lobbying Swiss lawmakers to accept a compromise on capital buffers. The bank argues that allowing a 50/50 split between equity and Additional Tier 1 bonds for foreign subsidiaries offers taxpayer protection while maintaining the firm's global competitive edge.
Addepar Opens Warsaw Hub to Accelerate European Expansion
Addepar has launched its tenth global office in Warsaw, marking a strategic push to bolster its European presence. The New York-based investment data platform intends to leverage the Polish capital to manage EU operations directly, focusing heavily on artificial intelligence development and regional client service infrastructure.
Legend Holdings Weighs Sale of Banque Internationale à Luxembourg
Ten years after acquiring one of Luxembourg’s oldest financial institutions, Chinese conglomerate Legend Holdings is moving to divest its stake. The Hong Kong-listed group has reportedly tapped Goldman Sachs to manage the sale of its 90 per cent interest in Banque Internationale à Luxembourg, a deal potentially worth over €2.5 billion.
IQ-EQ Appoints Anil Ponnampalam to Lead APAC and Middle East Fund Unit
Following the rebranding of Gordian Capital to IQ-EQ this June, the global investor services group has named Anil Ponnampalam as managing director for its fund platform and solutions in the Asia-Pacific and Middle East regions, marking a strategic leadership transition within the firm’s international management structure.
Legend Holdings Initiates Sale Process for Banque Internationale à Luxembourg
Ten years after acquiring Banque Internationale à Luxembourg, Hong Kong-listed Legend Holdings is moving to divest its 90 percent stake in the historic lender. The Chinese conglomerate has reportedly engaged Goldman Sachs to manage the sale, which could value the Luxembourg-based institution at approximately €2.5 billion.
Titan Wealth International Bolsters UAE Presence With 11-Person Hire
London-based Titan Wealth International has recruited an 11-person team from Abacus Financial Consultants LLC to accelerate its growth across the United Arab Emirates. The expansion, which includes seven financial advisors and four support staff, signals the firm’s intent to deepen its footprint in the competitive Gulf wealth management sector.
Leadership Shifts at Janus Henderson and Amundi
A wave of senior-level transitions is reshaping asset management, as Janus Henderson restructures its equity leadership and Amundi refreshes its global client-facing teams. These appointments mark a significant changing of the guard, with veteran departures triggering a series of strategic moves across London, New York, and Paris offices.
Stonegate Capital Names Peter Warnes as Chief Investment Officer
Dubai-based Stonegate Capital has tapped industry veteran Peter Warnes to lead its investment strategy as the nascent family office accelerates its expansion. With over three decades of experience across global markets, Warnes will oversee the firm’s portfolio construction, risk management, and manager selection for both public and private assets.
Beryllus Capital and Cambodian Families Launch Mekong Growth Fund
A coalition of Cambodian business families and UK-based Beryllus Capital has signed a memorandum of understanding to establish the Beryllus Capital Mekong Growth Fund. The venture aims to secure between $200 million and $500 million, with long-term aspirations of scaling the platform beyond $1 billion.
Marcel Rohner Warns Swiss Regulators on Capital Rules
Departing Swiss Bankers Association chairman Marcel Rohner has issued a pointed warning to regulators: prioritizing financial stability at the expense of market competitiveness risks undermining the sector's long-term health. His comments surface as the government pushes for stricter capital mandates that directly impact the post-merger UBS.
Itaú Unibanco Centralizes European Wholesale Operations in Luxembourg
Itaú Unibanco has consolidated its European wholesale banking activities under a single Luxembourg-based platform. This structural shift merges corporate, investment, and global markets operations to serve approximately 350 European clients, while the bank prepares for upcoming regulatory changes ahead of the sixth Capital Requirements Directive in 2027.
UK Anti-Money Laundering Strategy Faces Scrutiny Over Structural Gaps
The British government’s new three-year anti-money laundering strategy, backed by a £550 million investment and 500 new staff, aims to dismantle illicit financial networks. However, industry experts warn that while the plan acknowledges the global scale of the threat, it remains a partial fix for complex, modern financial crimes.
Monaco Poised to Exit FATF Grey List Following Progress Report
Financial institutions across Monaco may soon face less regulatory scrutiny, as reports indicate the principality is set to be removed from the FATF grey list. Bloomberg cited sources suggesting the intergovernmental body will finalize the decision during its upcoming plenary meeting, marking a swift turnaround since the initial listing in June 2024.