Kristen McGachey

1 week ago | fnlondon.com | Kristen McGachey

Why HSBC is all in on UK wealth managementCatch up on the top news in wealth management this weekThursday 8 May 2025 at 14:08

1 week ago | fnlondon.com | Kristen McGachey

Rathbones’ assets fell 5% to £104bn ahead of tariff turmoilChief executive Paul Stockton hints at further cost cuts amid heightened market volatilityThursday 8 May 2025 at 06:47Rathbones’ assets fell 5% to £104.1bn in the first three months of the year as market volatility picked up ahead of Donald Trump’s trade tariffs announcement. The UK wealth manager’s funds under management and administration fell from £109.2bn at the end of December 2024 as it was stung by £784m worth of net outflows.

1 week ago | fnlondon.com | Kristen McGachey

Citi hires JPMorgan veteran for wealth businessRussell Budnick joins Citi Wealth as global head of capital marketsWednesday 7 May 2025 at 19:47Citigroup has poached JPMorgan private banking veteran Russell Budnick for its wealth business. Budnick is set to join Citi Wealth as global head of capital markets in August. He will report to Keith Glenfield, head of investment solutions.

1 week ago | fnlondon.com | Kristen McGachey

Alastair Campbell: ‘Law firms and tech billionaires bending the knee to Trump is terrifying’Ex-Labour spin doctor says US president Donald Trump has shown he ‘will test the guardrails’Wednesday 7 May 2025 at 14:40Tony Blair’s former spin doctor Alastair Campbell has said it is “terrifying” to see law firms and tech billionaires like Jeff Bezos and Mark Zuckerberg “bending the knee” to US president Donald Trump.

1 week ago | fnlondon.com | Kristen McGachey

HSBC plans 200 hires for UK wealth businessAdding headcount is part of the UK lender’s ambitions to become a top five wealth player and double assets to $100bn by 2028Monday 5 May 2025 at 23:01HSBC will make 200 hires for its UK wealth business this year despite downsizing other units in a sweeping overhaul by group CEO Georges Elhedery.