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...“The oversight of risk management . . . will be intensified.”...
...Yes, it could keep the riff-raff out of management or perhaps restrict excessive financial risk-taking. It might prevent a rogue owner from changing the team’s colours or crest....
...“But, for some people, it [inherited wealth] is a tunnel, not a runway.” The wealth management industry is not without sympathetic advisers, either....
...waste management racket....
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...Plus, in November the Financial Conduct Authority (FCA) highlighted wealth management and stockbroking firms (which includes the platforms) as an “inherently high-risk sector for financial crime”, castigating...
...With interest rates now higher and unlikely to return to zero — though they’re unlikely to return to the 1980s highs either — the private equity golden era is almost certainly over....
...scoop to start: Permira has selected Bank of America, JPMorgan and Mediobanca as joint global co-ordinators for the forthcoming market listing of the private equity group’s Italian luxury sports shoe brand Golden...
...management work?...
...“When we meet management teams, we always ask them ‘What is going better than you thought?’...
...The change will lower the margin on funds under management by 4 basis points....
...This is a “golden moment” for private credit, with at least 26 traditional asset managers buying or launching new private credit units in the past two years....
...So I think the golden era of private equity is over....
...Norges Bank Investment Management certainly seems to think so....
...The 133-year-old Swiss bank had interviewed Credit Suisse’s then hotshot head of wealth management, Iqbal Khan, for the role, but ended up settling on the relatively unknown insider Rickenbacher....
...The platforms’ pledge to deliver strong risk-adjusted returns with low volatility, regardless of which way the market swings, has resonated with clients like pension funds and sovereign wealth funds....
...The golden age of doing nothing has arrived for investors, just in time for summer....
...Goldman has been active in asset and wealth management for decades and has $2.7tn in assets under supervision across equities, private equity, credit and fixed income....
...It will bring together senior leaders from North America’s leading asset and wealth management firms, including Capital Group, BlackRock and Goldman Sachs....
...Between 1926 and 2022, there’s been $55tn of wealth creation and 2 per cent of companies have created 90 per cent of that new wealth. It’s extremely skewed....
...According to the Securities Investment Trust and Consulting Association, the country’s wealth management industry group, the total size of Taiwan onshore funds more than doubled from NT$2.3tn (US$75bn) in...
...Apollo Global Management founder Leon Black reached a settlement with the USVI on Friday, agreeing to pay $62.5mn to the island territory....
...Further reading:— The private credit ‘golden moment’ (FTAV)...
...Advent International has appointed Morningstar’s Tricia Rothschild as an operating partner to work on investments in wealth and asset management....
...UBS Wealth Management Curves. More curves. Yet more curves. . . . you get the point....
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