Wealth
Private Markets Poised to Hit $34 Trillion Valuation by 2031
Private markets assets under management are on track to climb above $34 trillion by 2031, according to the latest forecast from Preqin. The BlackRock-owned firm expects robust growth across all major asset classes, driven by evolving investment structures and a significant expansion in private credit strategies.
Sascha Gruber to Lead LGT Capital Partners as CEO
After nearly three decades of leadership under Roberto Paganoni, LGT Capital Partners has tapped longtime executive Sascha Gruber to take the helm. Effective January 1, 2027, the transition marks a significant shift for the alternative investment manager, which currently oversees more than $120 billion in assets.
UBP Bets on Precision Agriculture to Restore Biodiversity
Farmers are navigating a volatile climate, facing scorched fields and disrupted supply chains that threaten global food security. Adrien Cambonie, portfolio manager at Union Bancaire Privée, argues that precision agriculture offers a vital path forward, allowing producers to maximize yields while sharply reducing their reliance on chemicals and water.
Leadership Shifts at Quilter and Gemcorp Capital
The wealth management sector sees significant executive movement as Quilter prepares for a long-term succession plan and Gemcorp Capital bolsters its emerging markets strategy. Kristy Barr joins the UK wealth manager to oversee investment solutions, while Mariya Gancheva takes on a key credit strategy role at the asset manager.
Standard Chartered Wealth Unit Records $20 Billion Inflows
A record $20 billion in net new money flowed into Standard Chartered’s wealth solutions business during the third quarter of 2026. This surge in affluent client acquisition helped the division generate $1.118 billion in operating income, significantly outpacing the broader banking group’s overall growth rate during the same period.
UK Chancellor Healey Delivers Cautious Budget to Calm Markets
UK Chancellor John Healey has unveiled a restrained Autumn Budget aimed at stabilizing the economy without triggering market volatility. By maintaining existing fiscal rules and scrapping controversial plans to cut ISA allowances, the government sought to reassure investors while introducing targeted measures to support entrepreneurs and small businesses.
BNP Paribas Surges in Q3 as Equities Trading Drives Profit
A 50 percent spike in equities trading propelled BNP Paribas to a €3.46 billion net income in the third quarter of 2026, handily beating market forecasts. The Paris-based lender reported a 13.5 percent year-over-year increase in profit, signaling robust momentum across its corporate and institutional banking divisions despite persistent domestic economic headwinds.
Piguet Galland Defines the Augmented Banker
Jordi Domenech, head of technology at Swiss private bank Piguet Galland, is steering the institution toward an "augmented banker" model. By equipping human advisors with AI tools while keeping personal judgment at the core of client relationships, the bank aims to boost efficiency without sacrificing the trust essential to wealth management.
Bank of Singapore Expands Dubai Private Banking Hub
Bank of Singapore is bolstering its Dubai operations by relocating two senior private bankers to the region. The move targets the firm’s growing roster of high-net-worth and ultra-high-net-worth clients across the Middle East and South Asia, signaling a strategic shift to capture wealth flows in these specific markets.
Deutsche Bank Hits Third Consecutive Quarterly Profit Record
Deutsche Bank secured €1.9 billion in profit after tax during the third quarter of 2026, marking a streak of three consecutive record-breaking quarters. Despite broader market volatility, the Frankfurt-based lender saw group-wide revenue climb 4 per cent to €8.3 billion, bolstered by robust performance across its wealth and asset management divisions.
Vanguard and JOHCM Expand Fixed Income and Emerging Market Offerings
Vanguard is targeting income-seeking investors with the launch of its USD High Yield Corporate Bond Fund, while J O Hambro Capital Management has introduced an Irish-domiciled UCITS fund focused on emerging market equities, marking a strategic expansion for both asset managers in the competitive wealth advisory space.
Argentina Launches Citizenship-by-Investment to Shore Up Public Debt
Argentina has officially entered the global citizenship-by-investment market, offering wealthy foreign nationals a direct path to a passport in exchange for capital. The move aims to stabilize the national treasury as the government faces $25 billion in foreign-currency debt payments due in 2027.
UBS Posts Profit Jump Amid Swiss Regulatory Tensions
Zurich-based UBS reported a 27 per cent surge in third-quarter pre-tax profit to $3.59 billion, comfortably outpacing analyst expectations. While the bank’s global wealth management arm attracted $55.1 billion in new assets, the robust financial performance unfolds against a backdrop of intensifying friction over impending Swiss capital requirements.
Executive Appointments Across European and Middle Eastern Finance
A fresh wave of leadership changes is reshaping wealth management firms across Europe and the Middle East, as Close Brothers, Broadridge Financial Solutions, and Fasanara Capital announce key strategic hires to bolster their agricultural, regulatory, and credit portfolios in an increasingly complex global market.
Spark Capital PWM Scales Up Amid India’s Wealth Boom
Spark Capital Private Wealth Management has expanded its reach significantly, adding a team of eight senior bankers to support a client base that has grown nearly 18-fold since April 2023. With assets under advice now hitting $5.9 billion, the firm is capitalizing on the rapid rise of India’s high-net-worth population.
HSBC Shares Slide Despite Profit Jump as Wealth Business Stalls
Investors sent HSBC shares down 6 percent on Tuesday, signaling skepticism despite the bank posting a 38 percent surge in net profit to $7.6 billion. While earnings climbed, the lender missed revenue expectations as growth in its critical wealth management division ground to a halt during the third quarter.
Guinness Global Investors bets on bond market repricing
With 10-year government bond yields hovering at multi-decade highs, portfolio manager Craig Veysey is positioning the newly launched Guinness Global Dynamic Bond Fund to capture rare, long-term income opportunities. The shift marks a departure from a decade of suppressed returns, inviting investors back to fixed income as a primary asset.
GTN and State Street IM Target Gulf Wealth Management Expansion
Fintech infrastructure provider GTN has partnered with State Street Investment Management to deploy risk-aligned model portfolios across the Gulf Cooperation Council. This collaboration grants regional banks, neobanks, and wealth-tech platforms direct access to professional investment strategies through GTN’s automated digital infrastructure.
Michael Raso to Lead LaSalle Investment Management Private Wealth
LaSalle Investment Management has tapped Michael Raso to spearhead its private wealth division, marking a strategic push to expand the firm’s reach beyond institutional investors. Raso, formerly a senior executive at PineBridge Investments, will join the global management committee effective January to oversee a segment the firm identifies as a priority.
Executive Appointments Across Vistra, TrinityBridge and Quoniam
A fresh wave of leadership changes is reshaping wealth management firms across Europe, with Vistra Fund Solutions, TrinityBridge and Quoniam announcing key executive appointments. These strategic moves involve high-level shifts in fund administration, bespoke investment management and operational oversight as firms bolster their teams for long-term growth.
SagePoint Capital Partners Balances AI Utility With Strategic Agility
“I’m going to put my investment in being flexible, not being tied to one thing,” says Winston Justice, CEO of SagePoint Capital Partners. As his firm integrates artificial intelligence into its multi-family office platform, the priority remains maintaining a nimble infrastructure capable of evolving alongside rapidly shifting technological capabilities.
LGT Private Banking Shifts AI Strategy From Experiments to Production
Moving artificial intelligence beyond isolated pilots requires more than technical proof; it demands a fundamental shift in employee habits. At LGT Private Banking, the integration of AI into daily workflows has become the primary benchmark for success, forcing the institution to reconcile automated efficiency with the necessity of human oversight.
Citi Gains Green Light for Wholly-Owned Securities Unit in China
After a three-year regulatory marathon, Citigroup has secured approval from the China Securities Regulatory Commission to launch a wholly-owned securities subsidiary in Shanghai. The move signals a strategic pivot for the Wall Street giant, allowing it to compete directly in domestic brokerage and underwriting markets despite persistent US-China trade friction.
The Hidden Gender Gap in Wealth Management AI
Artificial intelligence tools in the wealth management sector are increasingly mirroring human prejudices, potentially disadvantaging female investors. As firms rush to adopt automated advisory models, experts warn that flawed, internet-scraped datasets fail to account for the specific financial realities women face, including longer lifespans and unique life-event transitions.
Canoe Intelligence and Landytech Forge Private Market Data Pact
Family offices and private banks struggling with fragmented investment data now have a streamlined path to consolidation. Landytech is integrating Canoe Intelligence’s automated document extraction directly into its Sesame reporting platform, aiming to replace manual workflows with end-to-end data ingestion for complex private market assets.
UBS Faces Potential Capital Crunch as Swiss Lawmakers Tighten Rules
Proposed federal capital requirements threaten to saddle UBS with an additional $18 billion in costs, sparking speculation that the banking giant might abandon its Swiss headquarters. As lawmakers push for stricter buffers following the Credit Suisse collapse, CEO Sergio Ermotti faces a delicate balancing act to appease both regulators and shareholders.
Closing the Gender Gap in AI-Driven Financial Advice
Artificial intelligence is rapidly becoming the front door to wealth management, yet current models are inadvertently baking systemic gender biases into financial planning. As machines scrape the open internet to build their knowledge, they often fail to account for the unique longevity and healthcare realities facing women investors.
Miras Investments Recruits UNC Management Veteran for PE Leadership
Matthew Lesesky, a former managing director at UNC Management Company, has joined the Middle East-based single family office Miras Investments as global head of private equity. Reporting to chief investment officer Elizabeth Hewitt, Lesesky will spearhead the firm’s worldwide private equity strategy and oversee its co-investment activities.
HSBC Private Bank Appoints Ronald Oman to Lead Global Marketing
Ronald Oman joins HSBC Private Bank as global head of marketing, stepping into the role on November 2 to oversee the firm’s international brand and client communication strategy. He arrives from Amundi, bringing two and a half decades of experience across investment management and private banking sectors to the position.
Deutsche Bank Deploys Agentic AI for Wealth Compliance Reviews
Deutsche Bank’s private banking division is integrating agentic AI into its Know Your Customer (KYC) lifecycle to automate source of wealth assessments. By shifting from experimental pilots to a structured portfolio of use cases, the bank aims to enhance process consistency while keeping human specialists strictly in the loop for final approvals.