Wealth
Deutsche Bank hires 13-year Citigroup veteran in UK wealth push
DEUTSCHE Bank hired former Citigroup executive Adam Proctor to help build out its UK wealth team as Germany’s biggest lender pushes to do more business with the world’s ultra...
HSBC wealth CEO Matos steps down as bank unveils major executive shake-up
HSBC’S CEO of Wealth and Personal Banking, Nuno Matos, is resigning to pursue other opportunities, the Asia-focused bank said on Thursday (Aug 29) as it unveiled a significant shake-up...
HSBC’s wealth head to exit bank after missing out on CEO job
HSBC Holdings’s wealth unit head Nuno Matos is leaving the bank weeks after missing out on the chief executive officer’s role. The head of the London-listed lender’s wealth and personal...
Nomura is hiring wealth managers after years of staff overhaul
NOMURA Holdings’s wealth management business is on a growth path after a multi-year overhaul that saw its thousands of retail bankers shift away from catering to the masses of...
Norway sovereign wealth fund commits 900 million euros to renewable energy fund
NBIM committed the sum to CIP’s fifth flagship fund CI V, which invests in offshore and onshore wind, solar farms, grid and distributionNorway’s sovereign wealth fund said on Monday...
HSBC to double UK wealth business as banks target ‘mass affluent’
HSBC aims to double the assets under management (AUM) in its British wealth business to £100 billion (S$171.5 billion) in the next five years, the division’s head told Reuters,...
China bans risky trusts from selling wealth products for LGFVs
CHINA told some trust companies to stop raising money from individuals to fund local government financing vehicles, according to people familiar with the matter, in its latest effort to...
Saudi wealth fund’s returns boosted by global markets rally
SAUDI Arabia’s sovereign wealth fund said returns rose last year driven by local investments and gains on its international portfolio.The Public Investment Fund’s (PIF) annualised returns since 2017 rose...
