All articles by Verdict Staff
Verdict Staff
MAS fines Standard Chartered and Coutts for 1MDB-linked AML breaches
The Monetary Authority of Singapore (MAS) has fined the Singapore branches of Standard Chartered Bank (SCB) and Coutts for violation of anti-money laundering (AML) requirements linked to scandal-ridden Malaysian state fund 1Malaysia Development Berhad (1MDB).
Nomura to launch accelerator program in Japan
Japanese brokerage firm Nomura has collaborated with Nomura Research Institute, and Nomura Real Estate Holdings to unveil an accelerator program in Japan.
UBS picks Frankfurt for European wealth management operations
UBS has launched a new headquarters in Frankfurt to centralise most of its wealth management operations in Europe.
Consulting firm Mercer snaps up Australias Pillar Administration
Consulting firm Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has purchased New South Wales governments funds administrator Pillar Administration for an undisclosed amount.
Unigestion UK names new chairman
Swiss asset manager Unigestion has appointed Miles OConnor as the chairman of Unigestion UK.
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Schroders unveils credit income fund
British fund manager Schroders has rolled out its first credit income fund that will aim to offer attractive income while managing downside risk.
Pacific Investments unveils new multi asset division
London-based Pacific Investments has opened a new multi asset arm, known as Pacific Asset Management (PAM).
Rothschild Global appoints new head of debt advisory, North America
Rothschild Global Advisory, a subsidiary of Rothschild & Co, has appointed Michael Speller as head of debt advisory, North America.
Discretionary portfolio managers to experience competition from robo-advisers: Verdict Financial
When approaching wealth managers for investment management, high-net-worth (HNW) individuals are more likely to opt for discretionary mandates over other services, according to financial services research firm Verdict Financial.
Brewin Dolphin annual pre-tax profit slumps 18%
British wealth manager Brewin Dolphin has reported statutory profit before tax of £50.1m for the full year ended 30 September 2016, down 17.9% compared to £61m a year ago.