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News
Savvy Wealth secures $100m in Series C financing
3+ day, 7+ hour ago (289+ words) Proceeds will be used for expanding Savvy Intelligence into more parts of an advisor’s daily work and recruiting technical staff. AI-native advisory platform Savvy Wealth has completed a $100m Series C funding round, with Halo Fund as the lead investor. Existing…...
Schroders and ttb wealth securities to build HNW offering in Thailand
5+ day, 7+ hour ago (156+ words) Schroders has teamed up with ttb wealth securities, a subsidiary of TMBThanachart Bank (ttb bank), to create a wealth and investment management proposition aimed at high-net-worth and ultra-high-net-worth individuals in Thailand. Under the arrangement, Schroders’ investment resources across listed and…...
Royal London Asset Management CEO Hans Georgeson steps down
6+ day, 7+ hour ago (277+ words) Hans Georgeson has left his position as chief executive of Royal London Asset Management, ending a five-year tenure. The group’s chief executive, Barry O’Dwyer, is starting the recruitment process for a replacement. Until a permanent appointment is made, group chief…...
Australian Unity to close Platypus Asset Management after business review
1+ week, 5+ day ago (221+ words) Australian Unity has decided to shut down Platypus Asset Management, the group’s Australian equities subsidiary, after completing a review of the operation. Australian Unity wealth & capital markets CEO Balaji Gopal said the assessment examined several possible paths for Platypus and…...
Deutsche Bank taps Thought Machine for technology overhaul
1+ week, 6+ day ago (302+ words) Deutsche Bank’s Private Bank has chosen Vault Core, a cloud-based banking system built by Thought Machine, for its operations in Germany. The system is set to become the main platform for banking and lending products in the country across personal…...
T. Rowe Price to buy fixed income fund manager F/m Investments
2+ week, 6+ day ago (390+ words) As of 31 July 2026, F/m Investments oversaw $19bn in assets. T. Rowe Price Group has reached a deal to acquire F/m Investments, a fixed income manager and ETF specialist, for an undisclosed sum. As of 31 July 2026, F/m Investments oversaw $19bn in…...
LGT reports 17% rise in H1 profit as assets reach record level
2+ week, 6+ day ago (317+ words) LGT Group reported first-half 2026 profit of SFr281.6m ($351.37m), marking a 17% rise from a year earlier. Net new assets came in at SFr12.3bn, equal to an annualised growth rate of 6.4%. Assets under management stood at SFr412.6bn on 30 June 2026, a record level for the group. LGT…...
Exclusive: Citi Wealth names Alex Kokolis as investments platform experience head
3+ week, 2+ day ago (305+ words) Alex Kokolis willwork across the investment product teams and alongside wealth intelligence and client segment leaders. Citi Wealth has appointed Alex Kokolis as head of investments platform experience, according to an internal memo seen by Private Banker International and confirmed…...
EFG to sell UK wealth unit Harris Allday to Canaccord
3+ week, 3+ day ago (273+ words) The unit offers wealth management services mainly to affluent customers in the Midlands and oversees about £3.1bn in assets. EFG International has reached a deal to transfer the front-end teams and client assets of Harris Allday to Canaccord Wealth. Financial terms…...
VP Bank Singapore names Vincent Koo as chief risk officer
3+ week, 4+ day ago (277+ words) VP Bank Singapore has named Vincent Koo as its new chief risk officer, with the appointment taking effect on 24 August 2026. He will oversee risk, control and operational matters at the branch. The bank said the role will support its governance…...