All articles by Verdict Staff

Verdict Staff

National Bank closes acquisition of TD Waterhouse Institutional Services

National Bank of Canada has closed the acquisition of TD’s institutional services business known as TD Waterhouse Institutional Services (TDWIS).

Banque Havilland buys private banking business Banque Pasche in Monaco

Banque Havilland, an independent private bank, has acquired the private banking business of Banque Pasche Monaco for an undisclosed amount.

Sanlam plans to expand UK business operations

Sanlam plans to expand its UK business by merging Sanlam Private Investments (SPI) division and Sanlam UK brands, Investment Week has reported.

BinckBank acquires SNS Bank’s funds supermarket division

BinckBank, an independent Dutch online discount broker, has agreed to acquire Fundcoach, the funds supermarket division of SNS Bank.

Janney Montgomery Scott hires Morgan Stanley team, expands presence in Maryland

Janney Montgomery Scott (‘Janney’), a leading full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, Pa., has announced that 26-year industry veteran Douglas Velnoskey has joined Janney’s Baltimore, Md., branch offices as Senior Vice President/Wealth Management.

Malca-Amit Global opens new gold vault in Shanghai, China

Malca-Amit Global, a Hong Kong-based company, has opened a new gold vault in Shanghai free trade zone that can store 2,000 metric tonnes of gold.

HFT HK launches China high yield bond fund

HFT Investment Management (HK) (HFT HK) has launched its second Renminbi (RMB) bond fund known as, HFT (HK) China High Yield Bond Fund.

Former UBS executives launch new advisory firm

A team of financial advisers from UBS, who managed US$900 million in client assets, has launched a new independent advisory firm, Fusion Family Wealth, and partnered with Dynasty Financial Partners’ platform of wealth management services and technology.

Confidence in global economy restored after US debt resolution: BofA Merrill Lynch

Investors have regained confidence in the global economic outlook following resolution of the US debt crisis, according to the BofA Merrill Lynch Fund Manager survey for November.

Envestnet appoints new head of global strategy

Envestnet, a US-based provider of integrated wealth management technology and services to investment advisors and wealth managers, has appointed Zachary Karabell head of global strategy.