Wealth
FCA Bans Former Dolfin Executives Over Golden Visa Scheme
Three former senior figures at Dolfin Financial (UK) Limited have been banned from the financial services industry for orchestrating a scheme that allowed wealthy clients to bypass UK visa regulations. The regulator found the group helped at least 99 individuals secure residency by falsifying investment requirements between 2016 and 2019.
Taurus Integrates Swift Blockchain for Tokenized Bank Payments
Swiss digital asset infrastructure provider Taurus has opened a direct gateway to Swift’s blockchain-based shared ledger, allowing financial institutions to manage tokenized deposits and cross-border payments. This integration enables banks to leverage existing custody and tokenization systems for 24/7 fund movements without disrupting current settlement arrangements.
Lighthouse Canton Targets 2027 Growth Through Multi-Jurisdictional Focus
With over $6 billion in assets under management, Singapore-based Lighthouse Canton is accelerating its global expansion. Prashant Tandon, the firm’s UAE chief executive, frames the current growth trajectory as a deliberate, long-term strategy to provide integrated financial services to cross-border clients navigating increasingly complex regulatory and structural landscapes.
HSBC Private Bank Shuffles Leadership to Capture Asian Wealth Flows
HSBC Private Bank has initiated a strategic reshuffle of its senior leadership team, targeting the lucrative Global India, Singapore, and offshore China markets. The appointments aim to consolidate the bank's influence across key wealth hubs as international lenders compete for a larger share of the region’s ultra-high-net-worth families.
Edmond de Rothschild Asset Management Reshuffles Executive Leadership
Paris-based Edmond de Rothschild Asset Management has appointed Alain Krief as global chief investment officer and Charles Lilford as co-head of equities. The strategic management changes, which take effect immediately for Krief and late September for Lilford, arrive as the firm reports five consecutive years of positive global net inflows.
Gulf Wealth Sector Maintains Momentum Despite Geopolitical Strain
A steady influx of global financial institutions and advisory firms into the UAE signals a resilient appetite for wealth management in the Gulf. Despite regional geopolitical volatility, international banks and family offices are deepening their local presence, driven by structural economic reforms and a strategic push to professionalize intergenerational wealth.
UHNW Institute Brings Global Wealth Strategy to Oxford
The UHNW Institute will host its inaugural European conference at the University of Oxford on 24 September, signaling a shift in how wealth advisors approach the lives of ultra-high-net-worth families. The event convenes international experts to address the complex intersection of global assets and family governance.
Wealth management firms ride market momentum in first half of 2026
Global wealth management and private banking institutions capitalized on strong market performance and robust client inflows during the first half of 2026, with many reporting record revenues and assets under management. Despite varying regional economic conditions, the sector demonstrated resilience through intensified fee-based activity and strategic consolidation efforts.
Gulf Wealth Sector Maintains Momentum Despite Geopolitical Strain
Global banks and advisory firms are aggressively expanding their footprint in the UAE, signaling a resilient appetite for the Gulf’s wealth management market. Despite regional instability, institutions like Deutsche Bank and Julius Baer are cementing their presence, betting on long-term structural demand for sophisticated financial governance and intergenerational planning.
Global Wealth Management Sees Wave of Executive Appointments
June 2026 was marked by an extensive reshuffling of leadership across the global wealth management sector, with major institutions and boutique firms alike aggressively recruiting senior talent to navigate shifting market demands and regional growth strategies.
VP Bank Reports Profit Growth Amidst Shifting Interest Rates
Liechtenstein-based VP Bank posted a 12.7 percent increase in first-half profit to SFr32.4 million, buoyed by a rise in commission and service income. The result comes as the institution navigates a complex financial landscape, joining regional peers LGT and LLB Group in reporting recent mid-year performance figures.
Ranjit Khanna Takes Helm at EFG International’s Dubai Advisory Office
Former Bank of Singapore executive Ranjit Khanna assumes the role of CEO at EFG International’s Dubai Advisory Office starting tomorrow. Bringing three decades of international private banking experience to the Zurich-listed firm, Khanna is tasked with accelerating the bank's growth trajectory across the United Arab Emirates.
Levitt Capital Management Establishes Manhattan Presence
Amid the growing demand for specialized cross-border financial services, Nice-based Levitt Capital Management has officially opened its first New York office. Located in Rockefeller Center, the expansion provides a dedicated hub for the firm to coordinate with its growing roster of US citizens living and working across Europe.
Union Bancaire Privée bets on frontier market debt for 2026
As global bond markets buckle under the pressure of stubborn inflation and geopolitical volatility, Thomas Christiansen of Union Bancaire Privée is doubling down on frontier market debt. By prioritizing high-carry local currency assets, he argues that investors can bypass the turbulence currently plaguing developed market fixed income.
Alibaba Secures $10.2 Billion in Massive Hong Kong Share Placement
Alibaba Group has finalized an HK$80 billion share offering in Hong Kong, marking the city's largest follow-on equity deal since 2021. The tech giant priced 710 million newly issued shares at HK$112.7 each, targeting non-US investors to bolster capital reserves despite a recent sharp decline in quarterly net income.
Barclays Private Bank Appoints Neil Cabral to Lead UAE Intermediary Business
Neil Cabral has joined Barclays Private Bank to spearhead the growth of its multi-family office and external asset management division in the United Arab Emirates. His appointment signals a strategic move by the lender to deepen its ties with institutional intermediaries and private wealth managers across the region.
Arbuthnot Latham Targets US Expats Amid Rising UK Influx
While headlines often focus on wealthy individuals exiting Britain, a counter-trend is emerging: a surge of American citizens establishing roots in the UK. Arbuthnot Latham is betting on this demographic shift, launching a specialized service to capture the growing population of US-connected investors seeking a European base.
Inheritance Tax Receipts Climb as Wealth Managers Urge Planning
Inheritance tax receipts in the UK reached £3.2 billion between April and July 2026, marking a £0.1 billion increase over the previous year. As the government prepares for significant policy shifts, including new rules for pension pots, families face growing pressure to restructure their estates to avoid mounting liabilities.
Helen O'Neill Steps Up as Multrees CEO Following Leadership Shakeup
The UK-based custody and investment administration firm Multrees is entering a transition period as Helen O'Neill assumes the role of interim CEO. Her appointment follows the abrupt departure of Chris Fisher, who resigned as a company director on August 14 after taking a temporary leave of absence from the firm.
India’s $763 Billion Wealth Transfer Looms Over Female Heirs
Over the next decade, women across India are poised to inherit at least INR73 trillion, marking one of the most significant shifts in the nation’s intergenerational wealth landscape. This massive capital transition highlights a growing demographic of female investors who are actively reshaping investment strategies and family portfolio management.
Maerki Baumann Promotes Patrick Vogt to Lead External Asset Management
Patrick Vogt, a fixture at the Zurich-based private bank for nearly two decades, will assume leadership of the external asset managers division on September 1. His appointment marks a strategic continuity for the firm, which has prioritized its engagement with independent asset managers for over twenty-five years.
Executive Appointments at Hawksford and Quilter Cheviot
Jersey-based global services provider Hawksford has tapped Dale Walton as its new chief technology officer, while Quilter Cheviot strengthens its Scottish footprint by appointing industry veteran John Moore to its Edinburgh office, marking significant shifts in leadership across the wealth management and financial services landscape.
Neue Privat Bank Appoints André Huwiler to Lead EAM Division
With over three decades of experience spanning currency trading and wealth management, Swiss national André Huwiler has joined Neue Privat Bank to oversee its external asset managers division. His appointment marks a significant addition to the firm’s leadership team as it seeks to strengthen its professional network.
Vanguard Expands ETF Range as FE fundinfo Targets Irish Market
Vanguard has rolled out three new low-cost global equity UCITS ETFs to bolster portfolio diversification, while financial data firm FE fundinfo is integrating a dedicated Irish Gross Cashflow modeller into its Nexus platform to automate complex tax-aware planning for advisors operating within the Irish market.
Lombard Odier Assets Hit Record SFr239 Billion
With assets under management climbing to a record SFr239 billion, Geneva-based Lombard Odier has signaled a period of robust expansion for Swiss private banking. The firm’s performance mirrors a broader trend across the sector, where disciplined cost management and steady net new money inflows are driving significant profitability gains.
360 ONE Recruits Abhishek Bhalotia to Lead Growth and Talent Strategy
After a thirty-year tenure at Kotak Group, Abhishek Bhalotia has joined Indian wealth manager 360 ONE as chief growth and people officer. The appointment signals a strategic push to unify business development and personnel management as the firm oversees $82 billion in assets across its diverse financial divisions.
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LGT Profit Climbs as Assets Hit Record SFr412 Billion
The Liechtenstein-based private banking group reported a 17 percent surge in first-half profit to SFr281.6 million, bolstered by a record expansion of assets under management. Owned by the Princely Family of Liechtenstein, the firm surpassed the SFr400 billion threshold for the first time, signaling resilient growth despite complex market conditions.
Fund Selectors Pivot to Active Management Amid Market Volatility
Driven by persistent global uncertainty and elevated interest rates, professional fund selectors are aggressively shifting toward active management strategies. New research from Rathbones Asset Management reveals that investment professionals managing £234 billion are increasingly favoring active over passive vehicles to navigate widening performance gaps between companies.
Progeny Group Taps David Miller as CFO
David Miller will join UK-headquartered Progeny Group as group chief financial officer on September 1, 2026. Tasked with overseeing the firm's finance, tax, and treasury operations, Miller joins the executive committee to guide the company through its next phase of growth and integrated advisory service expansion.
Franklin Templeton Shifts Strategy as Emerging Market Tech Rebounds
SK Hynix shares surged following a $29 billion buyback pledge, providing a critical stabilizer for South Korean tech stocks. Chetan Sehgal, lead manager of the Templeton Emerging Markets Investment Trust, views this move as a signal that increased shareholder returns will dampen the volatility that rattled investors throughout July.