All articles by Verdict Staff
Verdict Staff
OTP Bank to take over Societe Generales Croatian arm
Hungarys OTP Bank has agreed to buy Splitska Banka (SGSB), the Croatian subsidiary of Societe Generale that also offers private banking services, for an undisclosed sum.
Robo advice platform Munnypot soft launches in the UK
Munnypot, a robo-advice and investment service created by the former founders of Cavanagh Group, has soft launched in the UK.
ZEDRA to take over Luxembourg-based Interconsult
ZEDRA, a provider of independent trust, fiduciary, corporate and fund services, has agreed to acquire Interconsult, Luxembourg International Consulting, for an undisclosed sum.
Lombard Odier Investment Managers hires new UK third-party distribution head
Lombard Odier Investment Managers has named Jerry Devlin as its new head of UK third-party distribution, replacing Dominick Peasley who is departing from the firm to pursue other opportunities.
Advent International buys minority stake in Indian wealth manager ASK Group
US-based private equity firm Advent International has acquired a significant minority stake in Indian investment and wealth management firm ASK Group for an undisclosed sum.
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Citi appoints new Asia Pacific business development head
American banking major Citi has named Kevin Lam as head of its Asia Pacific business development between its private bank and corporate and investment bank.
Italian banks establish cybercrime response team
The Bank of Italy, the Italian Banking Association and the ABI Lab Consortium have joined forces for the establishment of a specialised computer emergency response team (CERT) to combat cyber threats in the countrys financial services industry.
IHT Wealth Management to merge with US Wealth Management
Chicago-based IHT Wealth Management has signed an agreement to merge with US Wealth Management, an independent network of wealth managers.
Goldman Sachs fined $120m by CFTC for benchmark rate rigging
Goldman Sachs Group has agreed to pay a fine of $120m to settle allegations by the US Commodity Futures Trading Commission (CFTC) that it manipulated ISDAFIX benchmark rates.
Arbuthnot Latham to buy Renaissance Asset Finance
Arbuthnot Latham, the wealth management unit of Arbuthnot Banking Group, has agreed to acquire Renaissance Asset Finance (RAF) from its founders.