All articles by Verdict Staff

Ameriprise Financial wealth arm pre-tax operating earnings rise 5% in Q3

The advice & wealth management division of Ameriprise Financial has posted pre-tax operating earnings of $231m for the third quarter of 2016, up 5% compared to $219m a year earlier.

St. James’s Place gross inflows surge 20.6% in Q3

British wealth manager St. James’s Place (SJP) said that its gross inflow of funds under management during the third quarter of 2016 was £2.80bn, up 20.6% compared to £2.32bn a year ago.

Lloyds pre-tax profit dips 15% in Q3

Lloyds Banking Group has reported a statutory profit before tax of £811m for the third quarter of 2016, a decline of 15% from £958m a year earlier.

Tikehau Capital to manage European senior debt funds of Lyxor

Tikehau Capital has signed an agreement to manage the investments of Lyxor’s European senior debt funds.

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SS&C Technologies to buy CRM solutions provider Salentica

SS&C Technologies, a provider of financial services software and software-enabled services, has agreed to purchase Canada-based Salentica for an undisclosed amount.

Lazard buys remaining 50% stake in MBA Lazard

Lazard has acquired the remaining 50% stake in MBA Lazard, its financial advisory arm in Latin America outside Brazil and Mexico.

HSBC appoints new regional head of global private banking

HSBC Private Bank has appointed Siew Meng Tan as new regional head of global private banking (GPB) in Asia Pacific, replacing Bernard Rennell, who has been named as senior advisor to the CEO, Key Client Coverage.

Singapore, South Korea regulators sign fintech agreement

The Monetary Authority of Singapore (MAS) has signed an agreement with the Korean Financial Services Commission to expand collaboration in the development of financial technology (fintech) services.

Zedra hires MD for Singapore operations

Zedra, a provider of independent trust, fiduciary, corporate and fund services, has named Wendy Sim as managing director to lead the development of its Singaporean operations.