Cathay Life Insurance Co. of Taiwan has acquired insurance industry investment and asset manager and research firm Conning Holdings Corp. of ... Conning reports having almost $92 billion in assets under management as of September 30, 2014, through Conning.
Several of Europe's top private banks are expanding their activities in the UK, shrugging off uncertainty over Brexit to capitalise on growth in the country's increasingly attractive market for advising rich people on their money. Senior executives at.
representing 56.3 percent of the total private banking assets under management (AUM). UBS, the Swiss private bank, alone accounted for $1.7trn in AUM – approximately 50 percent of Africa’s total GDP. Cary Springfield, in an article for International.
Lugano-based BSI became much harder in May last year when Swiss financial supervisor Finma revealed “serious breaches” by BSI of money laundering regulations related to the corruption scandal surrounding Malaysian sovereign wealth fund 1MDB.
Deutsche Bank slips down rankings of world's top private banks CNBC.
The Petrobras corruption scandal in Brazil, the country's largest ever, has helped topple one president, imperilled a second, hit profits at companies from the UK to the US, and led to several imprisonments. It also engulfed André Esteves, the.
The company said on Wednesday that it plans to increase profits from asset management , from €84m last year to €300m by 2020, and increase assets under management by a tenth to €500bn. Generali, which earlier this year rebuffed takeover interest from .
Banks ensnared in the matter have typically agreed to pay fines equivalent to around 1 to 7 percent of the U.S. assets under management in question. That could mean Swiss Life may face a fine of up to around $70 million if found to have helped aid tax evasion.
Union Bank of India's board of directors on Thursday gave 'in-principle' approval to induct Dai-ichi Life Holdings' group company Asset Management One Company as a strategic partner in Union Asset Management Company Pvt Ltd (Union AMC). Rajkiran .
Reliance Nippon Life Asset Management's (RNAM) profit after tax (PAT) rose 27 per cent to Rs. 103 crore for the first quarter ended June 30, 2017. The company's revenues stood at Rs. 378 crore in the April-June quarter of the ongoing fiscal.
Law360, New York (May 9, 2017, 6:09 PM EDT) -- A unit of Swiss private bank and asset management firm Pictet Group said Tuesday that it has closed an $815 million fund focused on making private equity, venture capital and other types of investments.
“We would like to do it soon but at the outer limit it would be done by March this fiscal,” Sundeep Sikka, executive director and CEO, Reliance Nippon Life Asset Management told reporters here following the board meeting. The board of Reliance Nippon.