[ad_1] (Bloomberg) — Julius Baer Group Ltd. reported better-than-expected inflows within the first half as new Chief Govt Officer Stefan Bollinger seeks to maneuver on from a string of missteps. Purchasers added a internet 7.9 billion Swiss francs ($9.9 billion) within the six months by June, exceeding the 6.5 billion francs estimated by analysts. Internet … Read more
[ad_1] (Bloomberg) — UBS Group AG is reviewing the function of six relationship managers who bought complicated forex derivatives to Swiss shoppers who didn’t absolutely perceive the danger, based on individuals conversant in the matter. A number of the bankers have already departed the financial institution, stated one of many individuals, who just like the … Read more
[ad_1] (Bloomberg) — EFG Worldwide AG stated a weakening greenback principally eroded the worth of its belongings by 11.7 billion Swiss francs ($14.8 billion) within the first half of the 12 months because the Swiss financial institution reported a 36% acquire in internet revenue. Income-generating belongings shrank 2% from a 12 months earlier to 162.3 … Read more
[ad_1] Swiss private equity firm Partners Group is set to acquire a majority stake in shadow lender Infinity Fincorp for ₹1,950 crore ($230 million), the companies said on Thursday. The transaction includes a primary capital infusion of ₹600 crore ($70 million) and a secondary purchase of shares from existing shareholders, including Indium IV (Mauritius) Holdings, … Read more
