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HSBC’s Asia strategy boosts H1 profit on strong wealth management growth
HSBC posted a pretax profit of USD 19.5 billion for the first six months of 2026, up 23% from USD...
Alliance of Wellington, Vanguard, Blackstone launches funds targeting wealthy investors
The new closed-end funds will be available at launch to Merrill and Bank of America Private Bank clients, the alliance...
Eyeing consolidation in Spain, ING to acquire 40% of wealth manager Singular Bank
ING will acquire the stake from American private equity firm Warburg Pincus, which currently owns 93% of Singular Bank...
Ares, Apollo, Morgan Stanley curb withdrawals again, rattling private credit
Investors sought to pull 14.4% of shares from the USD 22.6 billion Ares Strategic Income Fund (ASIF) in the Q2,...
Singapore to remain one of APAC’s wealth management’s bright spots, says report
The Asian city-state has sought to attract wealth managers, banks, and family offices as important parts of their economies...