All articles by Verdict Staff
Verdict Staff
RBI wants banks to have separate wealth management unit
The Reserve Bank of India (RBI) has asked banks to create a subsidiary or a separate division for conducting wealth management services (WMS).
BlackRock completes acquisition of Credit Suisse’s ETF business
BlackRock has completed the acquisition of Credit Suisse’s exchange traded funds (ETF) business.
Interest rate normalization expected during multi-year U.S. economic expansion: BNY Mellon
The normal cyclical rise in interest rates, which was delayed due to the financial crisis and recession and by Federal Reserve actions to hold down bond yields, is now emerging, according to BNY Mellon Chief Economist Richard Hoey as outlined in his most recent Economic Update.
HSBC to realign Mediterranean private banking team
HSBC’s Swiss private bank division is downsizing its north Africa and Israel teams after a former employee found guilty of laundering money for Moroccan drug dealers, according to Reuters.
TriState Capital Holdings set to join Russell Global Index
TriState Capital Holdings, Inc. is set to join the Russell Global Index when Russell Investments begins running its reconstituted indexes on July 1, 2013. TriState Capital began trading on the NASDAQ Global Select Market on May 9, 2013.
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Credit Suisse hires new chief risk officer from Munich Re
Swiss bank Credit Suisse has hired Joachim Oechslin from Munich Re as its new chief risk officer (CRO), effective 1 January 2014.
Ironbark acquires Deutsche Asset Management Australia
Australias Ironbark Asset Management has acquired Deutsche Asset Management (Australia (DAMAL).
Hedge fund firm Lansdowne appoints new CEO
Hedge fund firm Lansdowne Partners has appointed Alex Snow as its new chief executive, effective 2 September 2013.
CalPERS commits $50 Million to Clearlake Capital
The California Public Employees Retirement System (CalPERS) has committed $50 million to Clearlake Capital, a California-based private equity firm.
Equities largest asset class for HNWIs in Indonesia
Equities largest asset class for HNWIs in Indonesia