Rothschild group has published its financial results for the 2016/2017 financial year.
Rothschild Private Wealth and Asset Management increased its revenues 7 per cent year-on-year to €405 million ($451.4 million), “mainly due” to its merger with Compagnie Financière Martin Maurel, the group said in its full-year financial results statement.
Watson, IBM’s artificial intelligence and cognitive computing platform, has assisted a wide variety of professionals in managing massive and complex bodies of data. Now, it has turned to financial regulations.
Further wealth management consolidation is about to take place in Asia with news that Indosuez Wealth Management has entered into exclusive discussions to acquire the private banking units of Credit Industriel et Commercial in Singapore and Hong Kong.