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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
International law firm Withers has promoted 12 lawyers to partner, strengthening its global footprint in the US, UK, and Singapore. The new cohort brings expertise spanning complex tax planning, high-stakes commercial litigation, and sensitive family law matters, reflecting the firm's focus on private wealth and regulatory defense.
Global personal wealth climbed by 10.8 percent in 2025, a sharp acceleration over the previous two years. According to the latest UBS Global Wealth Report, the EMEA region outpaced all other markets with a 17.5 percent increase, driven in part by the depreciation of the U.S. dollar.
A 10.8 percent surge in global personal wealth throughout 2025 shattered previous growth benchmarks, marking a significant acceleration from the 4.6 percent increase recorded the prior year. According to the 17th edition of the UBS Global Wealth Report, currency fluctuations, particularly the weakening dollar, fueled gains across international markets.
Emerging markets are finally shaking off years of underperformance against developed economies, bolstered by a weakening dollar and surging corporate earnings. Qian Zhang, an investment specialist at Baillie Gifford, points to these regions as the essential manufacturing backbone for the global artificial intelligence boom, despite ongoing geopolitical volatility.
One in four Britons over the age of 55 have never discussed inheritance with their families, according to new YouGov research for Mattioli Woods. This pervasive silence, fueled by emotional discomfort and privacy concerns, leaves many households dangerously unprepared for upcoming shifts in tax legislation that threaten to erode legacy wealth.
A wave of senior leadership changes is reshaping wealth management firms in the UK and beyond, as institutions prioritize specialized expertise in infrastructure, private lending, and exchange-traded funds to navigate a shifting economic environment and drive regional expansion.
One in four Britons over the age of 55 has never discussed inheritance with their family, according to new research from Mattioli Woods. This persistent silence comes despite looming changes to tax rules that threaten to pull significantly more estates into the government's inheritance tax net by 2030.
Data centers driving the artificial intelligence boom require more than just high-end processors; they demand massive amounts of energy and raw materials. Alec Cutler, portfolio manager of the Orbis Global Balanced Strategy, is pivoting toward these foundational assets, targeting energy producers and chip manufacturers to capture the sector's growth.
