Sarah Thompson, Anthony Macdonald, Jake Mitchell Investment bank Goldman Sachs was seeking to sell 92.3 million shares in Genworth Mortgage Insurance Australia on Monday afternoon. Sources said Goldman was selling on behalf of Genworth’s United States-listed parent, Genworth Financial. The shares would represent a 14.2 per cent stake in the Australian company.
Narayanan Somasundaram and Jeffrey Voegeli UBS Group AG is reviewing its Australian wealth-management business, said Juerg Zeltner, president of UBS wealth management. The evaluation may result in a sale, people with knowledge of the matter said earlier. “It’s very obvious if you run a global business that that’s part of an ongoing process, Zeltner said in […]
Yuri Bender Technology providers and custodians are battling to create the innovative systems needed to give private clients the efficient online reporting systems they demand. The changing face of asset management, aided by encroaching regulation and fast moving technological development, has led to a series of new players entering the private wealth space. Like technology […]
Wealth management clients are increasingly accustomed to using mobile, social, cloud, and Web technologies in their personal and professional lives. Thus it’s no surprise that they expect the institutions and experts managing their wealth to progressively employ digital tools and practices as well, to improve service, efficiency, and the overall client experience. The problem is […]
Households with financial assets of US$100,000 to US$2 million comprise the world’s fastest growing wealth segment when measured by growth trends across 32 countries around the world. Yet its growth dynamics, lifestyles, values and investing habits are generally underreported compared with other segments. New wealth builders (NWBS) today have US$88 trillion in global assets and […]
Wouter Klijn More institutional and independently owned wealth management businesses plan to hire new staff this year than at the start of 2014, according to new research. A Dawson Partnership survey found 32 per cent of the organisations surveyed intended to hire new employees, compared with 24 per cent planning to do so in 2014.