All articles by Verdict Staff
Verdict Staff
Old Mutual Wealth names new chairman
British wealth manager Old Mutual Wealth has appointed Glyn Jones as its new chairman, replacing Bruce Hemphill.
IBM to snap up Promontory Financial Group
Technology giant IBM has agreed to acquire Promontory Financial Group, a Washington-based risk management and regulatory compliance consulting firm, for an undisclosed sum.
Colonial First State taps IRESS for managed accounts platform
Australian wealth manager Colonial First State (CFS) has selected fintech firm IRESS to provide back-end technology for its wrap platform, FirstWrap.
Canadian investors expect more returns that advisors find realistic: Natixis study
Advisors find it increasingly harder to satisfy clients Canada, with investors expecting returns that are almost twice more than advisors find realistic, according to a study by Natixis Global Asset Management Canada.
Manulife launches new innovation lab in Singapore
International financial services group Manulife has launched its third Lab of Forward Thinking (LOFT) location in Singapore. The other two are located in Boston and Toronto.
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UBS fined $15m for selling improper complex products in US
UBS Financial Services has agreed to pay over $15m in fine to the US Securities and Exchange Commission (SEC) to settle charges that the bank failed to adequately train its sales force about critical aspects of certain complex financial products it sold to retail investors.
Principal Global Investors names Europe CEO
Principal Global Investors, part of US firm Principal Financial Group, has named Tim Stumpff as CEO for its European business.
Credit Suisse appoints Japan private banking head
Swiss banking giant Credit Suisse has appointed Tsuneaki Hirao as the managing director and head of private banking in Japan.
Novia Global to expand into key Middle Eastern markets
Novia Global, a UK-based online wealth management service, has announced plans to expand in several Middle Eastern markets, including Dubai, Abu Dhabi and Qatar.
BNP Paribas Wealth Management deploys Olympic Banking System in Taiwan unit
BNP Paribas Wealth Management has decided to extend the implementation of Swiss banking software firm ERIs OLYMPIC Banking System to its Taiwan operations.