Wealth Management

IIFL set to snap up L&T Finance's wealth management arm for Rs 250 cr, deal likely early next week

As part of its strategy to exit non-core businesses, L&T Finance is selling its wealth management arm to IIFL Group for around Rs 250 crore and the deal is set to be inked early next week, say three people aware of the development

Tablets To Impact Wealth Mgmt, Corporate Banking In A Big Way

Financial sector needs to rebuild its credibility with a disillusioned public. Tables can definitely help here, says Ovum.

IT Gets Fullerton Securities Off The Ground And Beyond

The scalable IT architecture has played a critical role in the successful launch of Fullerton's operations to steering the fast pace of its growth and expansion into a suite of financial services.

Wealth Mgmt Industry IT Spend To Top $32 Bn

A growth rate of 6.5% over a five year period, predicts Ovum.

Aditya Birla Minacs Partners With NorthStar For Total Wealth Management

The new Total Wealth Management offering from Aditya Birla Minacs and NorthStar will wealth managers get out of monitoring operational lapses.

'Market Simplified' For Retail Investors

The beta version package contains solutions for portfolio tracking, portfolio advisory and risk management alerts and is accessible through mobile, desktop and Web.

HSBC joins global peers in shutting down its Indian private banking unit

HSBC to offer private banking clients the choice to move to HSBC Premier, the bank's global retail banking and wealth management platform

RBS' India management team to buyout Edinburgh-based lender's pvt banking biz here

Sanctum Wealth Management signed an agreement with Royal Bank of Scotland for taking over the India operations

Morgan Stanley eyes $100 mn from India wealth mgmt biz sale

Morgan Stanley is looking to raise up to $100 million from the sale of its wealth management business in India which focuses on high networth individuals (HNIs) and other wealthy clients.

StanChart in talks to buy Morgan Stanley's wealth unit in India

Morgan Stanley launched the sale of its Indian private wealth management unit in November last year, after entering the highly fragmented and competitive market about four years ago.