Via a “pass through” arrangement, Bank of Hawai‘i’s $23.5 billion broker/dealer subsidiary will gain access to Atria’s proprietary technology, including Clear1, Unio, and Contour, as well as home office support.
The SEC has been pressing Morgan Stanley to improve its processes and controls to prevent wealthy international clients from laundering money.
UBS moved the assets from the wealth management division to the wind-down unit during the third quarter.