Podcast “pbm capital announcement”: UHNWI boss gone and market data costs cause frustration

HypoVereinsbank is experiencing a departure: UHNWI CEO Nasim Amini is leaving the bank by mutual agreement. Sven Stipkovic and Richard Hadamovsky will assume his responsibilities. Just last fall, HVB had structurally overhauled its Wealth Management division.

ABN Amro completed the acquisition of Hauck Aufhäuser Lampe on June 30 and now holds 100 percent of the shares. The company will operate under two brands in Germany. The integration is expected to be completed by the end of 2026.

There are also further personnel changes in Wealth Management at BW-Bank, on the Board of Directors of DWP Bank and at Quirin Privatbank in Frankfurt.

In the main section, the editors shed light on a topic that often flies under the radar: market data costs. Global spending reached nearly $50 billion in 2024. Union Investment recorded a 125 percent increase from 2018 to 2024. The reason: stock exchanges have changed their business model and no longer earn primarily from trading, but from market data. Asset managers are therefore calling for more regulation.

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pbm kapitalansage is the podcast from the editorial team of private banking magazine. We regularly report on asset management, private wealth management, family offices, and institutional investments – we regularly report on the most important news from the industry. Each time, we also take a closer look at a specific topic, talk with guests from the industry, or provide insights into the daily editorial work.