All articles by Verdict Staff
Verdict Staff
US authorities probe Citibank, BNY Mellon for clues on alleged tax evaders
US Attonery for the Southern District of New York has filed a case against two US banks, Citibank and Bank of New York (BNY) Mellon, at the Manhattan federal court and requested permission to issue John Doe summonses for the banks for hiding records of US citizens accounts at Swiss bank Zuercher Kantonalbank (ZKB).
Legal & General Investment Management reports net inflows of £3.1 billion in Q3
Legal & General Investment Management (LGIM) saw net inflows of £3.1 billion for the third quarter of 2013, versus an outflow of £0.2 billion a year ago.
AXA Wealth launches new service to help investors relocate abroad
AXA Wealth International has launched a new service to help investors achieve the most tax efficient status for their bonds if they relocate to Europe.
Legacy Trust Family Wealth Offices expands investment team
US-based Legacy Trust Family Wealth Offices has expanded its investment team with the appointment of Marty Flack as director of relationship management.
Societe Generale private banking business net income surges in Q3
Societe Generale’s private banking business has reported net income of 42 million (US$56.8 million) for the third quarter of 2013, an increase of 162.5% compared to 16 million (US$21.6 million) a year ago.
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Credit Suisse agrees to sell DLJ Investment Partners to Portfolio Advisors
Credit Suisse has agreed to agreed to spin off the DLJ Investment Partners business (DLJIP), including the existing investment team led by Igor DaCosta and Charles Harper, to Portfolio Advisors.
UBS opens new private wealth management office in Philadelphia
UBS has opened a new private wealth management office to serve ultra high-net-worth clients in Philadelphia.
PIMCO appointed as sub-advisor to Marquis Institutional Bond Portfolio
1832 Asset Management, the manager of Marquis Institutional Portfolios, has announced that PIMCO Canada has been appointed as sub-advisor to Marquis Institutional Bond Portfolio.
Pinebridge Investments names new CIO in Taiwan
PineBridge Investments has named Joseph Tang as senior vice president, chief investment officer in Taiwan.
Real estate private equity entering new phase of global growth: EY
Having emerged from the global recession and its aftermath, the real estate private equity sector is finally positioned for growth in 2014, according to Global market outlook: trends in real estate private equity, published by EY.