News in Numbers

Credit Suisse Group is losing eight senior bankers to Banco Santander, including mergers and acquisitions leader Steve Geller. According to Bloomberg, the moves reflect Banco Santander’s development in the United States.

UK investors believe that the cost-of-living crisis has the most important impact on their investment decisions, even in the long run. 74% of investors are rethinking their initial plans.

Range, an all-in-one AI wealthtech platform, has announced a $12m fundraising round led by Gradient Ventures, Google’s AI-focused venture fund.

A $3.1m seed round of funding has been secured by IDPartner Systems. Abstract Ventures is the round’s lead investor, and Foundation Capital, Circle Ventures, Firsthand Alliance, Correlation Ventures, Success Venture Partners, and Aleo also participated. 

Wealth management firm Advisor Group has decided to change its multi-brand network into a single rebranded entity. The eight wealth management firms part of the Advisor Group will merge branding to reduce complexity.