Wealth ManagementSingapore wealth management fintech StashAway raises $12 mnInternational Finance DeskJuly 30, 2019December 23, 2019 by International Finance DeskJuly 30, 2019December 23, 2019 The funding led by one of the earliest Alibaba investors will be used for product development and expansion.... Read more
Wealth ManagementMubadala’s assets rise 80% with key sector investments last yearInternational Finance DeskJuly 30, 2019December 23, 2019 by International Finance DeskJuly 30, 2019December 23, 2019 The company’s assets grew to Dh841 bn as a result of Dh70.1 billion investments across new and existing key sectors... Read more
Wealth ManagementCyprus-based Woodbrook enters Middle East by buying Dubai’s MondialInternational Finance DeskJuly 19, 2019December 23, 2019 by International Finance DeskJuly 19, 2019December 23, 2019 The Mondial purchase is part of Woodbrook’s global expansion plan with further targets in Europe and Latin America... Read more
Wealth ManagementSaudi sovereign wealth fund buys 40% stake in Aramco-Jacobs’ ventureInternational Finance DeskJuly 17, 2019December 23, 2019 by International Finance DeskJuly 17, 2019December 23, 2019 PIF will hold a 30% stake in Jasara from Aramco and 10% from Jacobs Engineering after the transaction is completed... Read more
Wealth ManagementArche Associates’ tailored services are key to client investmentsInternational Finance DeskJuly 4, 2019 by International Finance DeskJuly 4, 2019 Arche offers innovative private wealth management solutions with a prime focus to produce positive returns on clients' capital investments... Read more
Wealth ManagementUBS, Sumitomo Mitsui to establish wealth management venture by 2021International Finance DeskJune 7, 2019 by International Finance DeskJune 7, 2019 UBS Japan Country Head Zenji Nakamura said that UBS will own 51 percent of the new joint venture in Japan... Read more
Wealth ManagementNumber of billionaires in UAE and Saudi Arabia declines in 2018International Finance DeskJune 6, 2019 by International Finance DeskJune 6, 2019 Wealth X’s report finds that there are 55 dollar billionaires in the UAE worth $165 billion... Read more
Wealth ManagementHSBC eyes Singapore to boost wealth management in core Asian marketsInternational Finance DeskMay 30, 2019November 14, 2019 by International Finance DeskMay 30, 2019November 14, 2019 HSBC intends to add 300 staff in Asian wealth management this year with 50 additions in Singapore... Read more
FinanceWealth ManagementDeutsche Bank, UBS asset management merger can create ‘European champion’International Finance DeskApril 24, 2019November 13, 2019 by International Finance DeskApril 24, 2019November 13, 2019 DWS has assets worth $662 billion under management and UBS $700 billion... Read more
Wealth ManagementPrivate wealth in Dubai to surge as city attracts 1,000 global HNWIsInternational Finance DeskApril 18, 2019 by International Finance DeskApril 18, 2019 UAE ranked fifth in top global destinations for millionaires in 2018... Read more