All articles by Verdict Staff
Verdict Staff
BNP Paribas wealth unit fined by Hong Kong regulator for overcharging clients
BNP Paribas Wealth Management (BNPPWM) has been fined HKD4m by the Hong Kong securities regulator for overcharging its clients.
National Bank net income rises 6% in Q3; net income in wealth unit up by 5%
Canadas National Bank has registered net income of C$478m in the third quarter of 2016, a 6% rise compared to C$453m in the prior-year quarter.
Man Group strengthens US team
British hedge fund firm Man Group has hired Brian Broesder and Westin Lovy as managing directors in Connecticut office.
Lombard Odier consolidated net profit dips 13% in H1
Swiss private bank Lombard Odier has posted a consolidated net profit of CHF61m for the first half of 2016, a fall of 13% compared to the year ago period.
Julius Baer creates CIO role in Asia
Swiss private bank Julius Baer has strengthened its investment management team by appointing Bhaskar Laxminarayan as the CIO of Asia.
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Amundi closes acquisition of majority stake in Kleinwort Benson Investors
French asset manager Amundi has completed the acquisition of 87.5% stake in Irish asset manager Kleinwort Benson Investors (KBI) from Oddo & Cie. The management team of KBI will own the remaining 12.5% stake.
Doha Bank, Centrum sign strategic partnership
Qatari lender Doha Bank and Indian financial services firm Centrum Group have signed a memorandum of understanding (MoU) to scale up each other’s business in India and the GCC region in the areas of wealth management, banking, and forex.
Scotiabank attributable net income rises 5% in Q3
Scotiabank has reported attributable net income of C$1.86bn for the third quarter of 2016, up 5.2% compared to C$1.76bn a year ago.
Harwood Wealth Management Group to snap up Network Direct Limited
Harwood Wealth Management Group (HWMG), a UK-based discretionary fund manager, has agreed to acquire Wolverhampton-based advice network Network Direct Limited (NDL).
First Republic Private Wealth Management bolsters San Francisco team
First Republic Private Wealth Management has appointed Kevin Barnes as a managing director and portfolio manager.