All articles by Verdict Staff
Verdict Staff
Exclusive: Restructuring and M&A adversely affect private banking AUMs in APAC
Private Banker International has announced the 2016 PBI Top 20 Asia-Pacific Assets Under Management (AUM) Rankings at the Private Banker International Global Wealth Summit 2016. This years survey shows that restructuring and M&A activity has slowed down the overall AUMs of private banks in the region.
The Co-operators taps EquiSoft for advisor wealth planning platform
The Co-operators, a Canadian co-operative with more than $44bn in assets under administration, has selected EquiSofts WealthElements as its advisor wealth planning platform.
Wells Fargo CEO quits amid sales scandal
Wells Fargo chairman and CEO John Stumpf has resigned, effective immediately, amid a scandal involving fraudulent sales tactics.
ICAP acquires regulatory reporting specialist Abide Financial
ICAP, a provider of post trade risk mitigation and information services, has acquired Abide Financial, a provider of regulatory reporting platforms.
Interactive Investor to snap up TD Banks European direct investing business
Interactive Investor has agreed to acquire TD Banks European direct investing for an undisclosed sum.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Swiss regulators launch criminal proceedings against Falcon Private Bank over 1MDB case
The Office of the Attorney General of Switzerland (OAG) has launched criminal proceedings against Falcon Private Bank in connection with Malaysias 1MDB state investment fund scandal.
Low levels of digital maturity present challenges to Asia-Pacific wealth management firms
Asias tech-savvy wealthy place more importance on digital tools than anywhere else in the globe, but the regions wealth managers lag the rest of the world in digital capabilities, according to Capgeminis Asia-Pacific Wealth Report 2016.
Standard Life Investments appoints new team and CEO for Singapore operations
UK-based asset manager Standard Life Investments has set up a new team in Singapore and has appointed Choon Wah Wong as the CEO of its Singapore operations.
Brown Shipley to acquire Manchester-based wealth manager The Roberts Partnership
British wealth manager Brown Shipley has agreed to acquire The Roberts Partnership, a Manchester-based financial planning and wealth management firm, for an undisclosed sum.
Deutsche Bank fined $9.5m by SEC for failing to safeguard research information
Deutsche Bank has agreed to pay $9.5m in fine to the US Securities and Exchange Commission (SEC) to settle allegations of failure to keep proper controls over material non-public information generated by its research analysts.