AlTi Tiedemann Global believes its decision to become publicly traded on the Nasdaq will boost its efforts to attract and retain top talent in wealth management. “Having employees think of themselves as shareholders is really important for us culturally," said president Kevin Moran.

Total revenue for UBS' investment bank unit rose 26% year on year to $2.5 billion, with underlying pretax profit of $412 million. The division posted a 9.7% return on equity. 

Bank of America Corp. hired private banker Luke Palacio from Citigroup Inc. as it seeks to capture more business serving wealthy individuals in South Florida.

The billionaire founder of Alibaba and one of the richest clans in the Philippines both notched wins as the company running the most popular e-wallet service in the archipelago raised new funds.

F.L. Putnam recently acquired three independent registered investment advisers in New York state, Massachusetts and New York City.

Ken Griffin has amassed trophy real estate across the U.S. He’s now taking his spending spree to the French Riviera.