All articles by Verdict Staff
Verdict Staff
Mirabaud restructures management model, keeps unlimited liability
Moving to protect itself, in part, from open-ended financial penalties and costs, Mirabaud et Cie is abandoning its unlimited liability structure in a similar initiative to that taken by its several of its fellow banks in Geneva.
Janney Montgomery Scott hires new vice president for Boca Raton branch
Janney Montgomery Scott, a full-service wealth management firm headquartered in Philadelphia, Pennsylvania, has hired Steven Sapirstein as vice president/ assistant branch manager of the firms Boca Raton Florida, branch office.
Societe Generale Private Banking appoints head of portfolio management solutions
Societe Generale Private Banking has appointed Olivier Gérard as head of portfolio management solutions and strategy & asset expertise.
Singapore inching closer to matching Switzerland as global wealth management hub
Funds managed in Singapore-based reached an all-time high at the end of 2012 of S$1.63 trillion (US$1.29 trillion), up 22% over the same period a year earlier, putting the city state closer to matching Switzerland as a wealth management hub, according to a report published by Monetary Authority of Singapore (MAS).
Sheltering from the Swiss Götterdämmerung
Switzerland is undergoing a profound transformation of its private banking industry, says Veit de Maddelena, CEO of Rothschild Wealth Management & Trust in Zurich. The banks strategy of being an early mover on cultivating clients, who had regularised their tax affair is now paying off handsomely.
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Proper communication from financial advisors matters to Millennials: Study
Personal service from financial advisors sits higher on the list of priorities for high net worth Millennials than the long- or short-term performance of the investments advisors get them into, a Spectrem Group study reports.
Stenham augments its management team
Stenham Asset Management has hired Mr Damian Brannan to the position of Managing Director.
UK needs 5,000 additional financial advisors – Standard Life report
A research report from Standard Life has revealed that the UK needs about 5,000 additional financial advisors to meet the increasing demand for retirement advice.
TwinFocus Capital Partners establishes private equity advisory unit
TwinFocus Capital Partners, an investment advisory firm, has established TwinFocus Equity Partners, a private equity advisory unit specializing in co-investment opportunities.
Generation Growth Capital closes on second fund
Milwaukee-based private equity fund Generation Growth Capital, (GGC) has closed its second fund, Generation Growth Capital Fund II, L.P. (Fund II), which significantly exceeded total capital commitments raised for Fund I.