All articles by Verdict Staff
Verdict Staff
Washington Trust Bank to adopt SEI wealth management solution
Washington Trust Bank’s Wealth Management & Advisory Services will adopt SEI’s fully-integrated wealth management solution, SEI Wealth Platform.
Hedged long corporate bond better strategy for pension funds than core approach: Standish
A long corporate cash bond strategy coupled with tactics to synthetically protect bond values from higher interest rates might be a better strategy for pension plan sponsors than traditional core bond strategies that currently are in place, according to Standish, the Boston-based fixed income specialist for BNY Mellon.
SMBC to acquire Societe Generale’s private banking business in Japan
Sumitomo Mitsui Banking Corp (SMBC) has agreed to buy French bank Societe Generale’s private banking business in Japan for an undisclosed sum.
Bank of America appoints former Deutsche Banks wealth management head as director
Bank of America has appointed Pierre de Weck, the former chairman and global head of Deutsche Banks wealth management business, as new director.
Dexia scraps deal to sell asset management arm to Hong Kongs GCS Capital
Nationalised Franco-Belgian lender Dexia has terminated talks on seven-month deal to sell its asset management unit to GCS Capital, a Hong Kong-based private equity firm.
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Hogan Lovells to open new office in Luxembourg
Law firm Hogan Lovells is set to open a new office in Luxembourg on 1 August 2013 as part of its strategy to continue to grow its funds and tax practices.
Ameriprises wealth management arm reports 13% rise in Q2 revenues
Net revenues at Ameriprise Financials advice & wealth management unit were US$1.1 billion for the second quarter of 2013, a 13% increase compared to US$953 million for the previous year period.
HSBC Private Bank International appoints new president
HSBC Private Bank has appointed George Crosby as president of HSBC Private Bank International, based in Miami.
Edmond de Rothschild signs deal with Brazils BBM Investimentos
Swiss private bank Edmond de Rothschild has signed a cooperation agreement with the Brazilian asset manager BBM Investimentos to develop opportunities for asset management.
Mackenzie Institutional expands presence in Asia
Toronto-based asset manager Mackenzie Institutional, an affiliate of Canada’s Power Financial Corporation, is expanding its presence in Asia in a bid to increase its investment portfolio of US$62 billion, according to Asia Asset Management.