All articles by Verdict Staff
Verdict Staff
ING lowers stake in Kotak Mahindra Bank to 3.9%
Dutch banking group ING has reduced its stake in Indian private sector lender Kotak Mahindra Bank from 6.4% to 3.9% through the sale of 46.7 million ordinary shares of Kotak.
Societe Generale expands private banking product portfolio in Serbia
Societe Generale Srbija, the Serbian arm of the French lender Societe Generale group, has expanded its private banking offering for wealth management clients with the support of Societe Generale Private Banking (SGPB).
Accenture introduces new solution to comply with US labors fiduciary rule
Accenture has launched a new cloud-based platform to help wealth management firms comply with the U.S. Department of Labors fiduciary ruling, which will be effective April 2017.
State Street hires new CFO
State Street has appointed Citizens Financial Groups Eric Aboaf as its new CFO, replacing Mike Bell.
Albion Ventures to buy OLIM Investment Managers
Albion Ventures, a UK-based independent venture capital investor, has agreed to acquire OLIM Investment Managers (OLIM) from Close Brothers Group for an undisclosed sum.
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Close Brothers annual adjusted operating profit up 4%
Close Brothers has reported adjusted operating profit of £233.6m for the year ended 31 July 2016, a rise of 4% compared to £224.9m a year earlier.
HSBC Switzerland expands investment, client service units
HSBC Switzerland has expanded its investment and client service units in Geneva, Zurich and Dubai by making new hires from competitors to pursue its growth.
Australian advice firms Evans & Partners, Dixon Advisory announce merger
Australian financial advice firms Evans & Partners and Dixon Advisory have agreed to merge for an undisclosed sum.
Women entrepreneurs more confident about making risk-related decisions: BMO Wealth Management
Women entrepreneurs exhibit more confidence than men in making risk-related decisions, according to a report by BMO Wealth Management.
Julius Baer concludes share accumulator dispute in Singapore
Swiss private bank Julius Baer has concluded a court case in Singapore filed by two former clients for alleged damages and losses incurred by the bank resulting from share accumulator transactions in 2007 and 2008.