Companies
Julius Baer buys stake in Chinese investment firm
To tap into the country’s growing onshore wealth management market
Schroders expands model portfolio business to international market
It will offer active and sustainable models across risk profiles
Morgan Stanley fined $35m for client data failures in US
Personal information of 15 million wealth customers was allegedly not disposed of properly
PE firm eyes sale of Italian life company
After regulator reportedly asked the insurer to increase its capital reserves by €250m
Progeny acquires Scottish professional services group
It is the firm’s fourth M&A deal in the country