All articles by Verdict Staff

Verdict Staff

Wealth Enhancement Group to take over CLA Financial Advisors

Wealth Enhancement Group, an independent wealth management firm, has agreed to acquire CLA Financial Advisors, a Northbrook, Illinois-based wealth management firm, for an undisclosed sum.

Monaco ratifies OECD’s multilateral tax convention

Monaco has ratified OECD’s Convention on Mutual Administrative Assistance in Tax Matters, an agreement aimed to curb cross-border tax evasion.

ANZ hires customer fairness adviser

Australia and New Zealand Banking Group (ANZ) has appointed outgoing Commonwealth Ombudsman Colin Neave to the newly created role of customer fairness adviser.

BlackRock secures licence to invest directly into Chinese domestic capital markets

American fund manager BlackRock has secured its first Renminbi Qualified Foreign Institutional Investor (RQFII) licence from the China Securities Regulatory Commission.

Liontrust to snap up Alliance Trust Investments

Fund manager Liontrust has agreed to acquire the entire issued share capital of Alliance Trust Investments (ATI), the investment management arm of Alliance Trust, for £30m.

The end of austerity, the beginning of Reaganomics 2.0

Brexit and Trump. Two landmark events in 2016 point to a change in economic policies going forward: away from monetary policy to concerted fiscal stimulus and infrastructure spending. The largest economy in the world, the US, is ploughing ahead and taking global rates and the world’s reserve currency along with it, writes Chief Strategist and Head Research at Julius Baer, Christian Gattiker

Van Lanschot closes acquisition of Staalbankiers’ private banking activities

Dutch private bank Van Lanschot has concluded the acquisition of the private banking activities of Staalbankiers.

Intesa SanPaolo fined $235m in US for breaching anti-money laundering rules

Italian banking group Intesa SanPaolo and its New York branch has been fined $235m by New York’s Department of Financial Services (DFS) for flouting anti-money laundering and bank secrecy laws.

AxiomSL: Outlook 2017 – raising the bar for regulatory compliance

Ed Royan, COO, EMEA at AxiomSL looks at how regulation will impact private banking in 2017

Optimism for 2017 remains high among European investors

Despite a year of geopolitical shocks, investors in Europe are growing more optimistic about stock market returns in 2017, with particular rise in optimism for emerging markets and public equities, and increased appetite for alternative strategies, according to a survey by J.P. Morgan Private Bank.