AllianceBernstein Holding has wound down AB Arya, a hedge fund within its alternatives business, reported Bloomberg citing sources.

Voya Financial is under pressure from an activist shareholder to examine a sale of the whole company or parts of its $1.1tn pensions and insurance operations, reported Financial Times.

Modern Wealth Management has agreed to acquire the assets of Brown and Company, a Denver-based wealth advisory business that was formerly affiliated with LPL Financial.

Switzerland has softened parts of its planned capital package for UBS, but the bank may need to build roughly $20bn in additional buffers.

HSBC has appointed Desmond Kuang as new chief investment officer (CIO), Asia, for HSBC Private Bank and Premier Wealth.

Wendel has wrapped up the purchase of a 56% controlling interest in Committed Advisors from the firm’s founding partners, who also reinvested all of their net proceeds into Committed Advisors funds as ...

Zurich Retail Protection, a specialist business unit within Zurich UK, has introduced a tailored Private Client service aimed at advisers handling ultra high net worth (UHNW) protection cases.

Fried, Frank, Harris, Shriver & Jacobson and Kirkland & Ellis emerged as the top mergers and acquisitions legal advisers by value while Kirkland & Ellis took the top spot for deal volume during the Q1 ...

SEC and CFTC propose raising the reporting threshold from $150m in private fund assets under management to $1bn. US financial watchdogs have put forward changes aimed at reducing reporting demands on ...

Citi Wealth has joined forces with Advyzon Enterprise Solutions and Advyzon Investment Management to build a global unified managed account (UMA) programme for its wealth clients.