All articles by Verdict Staff
Verdict Staff
Towry appoints new wealth adviser for Leeds office
Towry, a UK-based investment management services provider, has appointed Gemma Durkin as new wealth adviser in its Leeds office.
UBS to reduce corporate advisory and investment banking service team
UBS is planning to reduce its corporate advisory and investment banking service team to focus on ultra-rich clients in few emerging markets, reported chicagotribune.com citing three sources with the plan.
Carne bolsters Cayman Islands fund director team
Carne Group, the provider of governance solutions to the global fund management industry, has added Laren Gillespie to its Cayman Islands independent fund directors team.
Afore Banamex & Schroders launches first international mandate in Mexico
Afore Banamex, a pension fund and wholly-owned subsidiary of Citigroup in Mexico, has successfully launched Mexico’s first international investment mandate – initially a US$200m global segregated account – with Schroders, a global asset management company headquartered in London with US$357.51 billion in assets under management.
Bendigo Bank acquires IFA Wheeler Financial Services
Bendigo Financial Planning (BFP) has acquired financial planning firm Wheeler Financial Services to strengthen its presence in the self-managed superannuation fund (SMSF) advice market in Australia.
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Deutsche bank to drop out of HNW market
Deutsche Bank has started refocusing its UK private banking sector by selling its arms targeting the affluent and deciding to chase the ultra-wealthy.
UBS merges investment banking businesses into single unit
Swiss banking giant UBS is consolidating its currency-, interest rates and credit-trading businesses into a single unit.
FCA clarifies expectations and issues related to AIFMs
The FCA has published a Q&A on its website clarifying its expectations for variation of permission applications from full-scope AIFMs.
Lloyds Bank to name Lord Norman Blackwell as new chairman
Lloyds Banking Group is likely to name Lord Norman Blackwell as its new chairman, replacing Win Bischoff.
Scottish entrepreneur close to PRA approval for new private bank
Scottish entrepreneur Ray Entwhistle is close to seeking a regulatory approval to set up a new private bank as the financial services regulator Prudential Regulation Authority (PRA) liberalized capital conditions for entry.