All articles by Verdict Staff
Verdict Staff
HSBC appoints ex-MI5 head as non-executive director
HSBC has appointed Jonathan Evans, former director-general of MI5, as non-executive director, effective from August 2103.
Moscow home to largest portion of Russia’s UHNWIs
Moscow home to largest portion of Russia’s UHNWIs
BI-SAM expands operations in Asia Pacific
BI-SAM, a Paris-based provider of analytics software for the global asset management industry, has said that it expanding its operations in Asia Pacific region.
EU backs down on FTT
Europe is holding back its planned financial transactions tax (FTT), cutting back the level of the tax, and largely limiting its scope after leaders realised it could cause big damage to the economy.
Merrill Lynch pays $120,000 infringement notice penalty in Australia
Merrill Lynch Equities (Australia) has paid a penalty of $120,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP).
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Asian wealth managers dissatisfied with existing data management systems: DST Global study
DST Global Solutions’ recent study has revealed that current investment data management systems among Asian wealth managers are inadequate to easily meet upcoming regulatory requirements and service customer reporting demands.
UBS to boost bankers’ pay to align with rivals
UBS is set to raise base salaries for bankers and traders in its investment banking unit by an average 9% to align with rivals and retain employees.
UBS to target African wealth management market
Swiss banking major UBS is planning to expand in Africa as part of its strategy to boost profit from wealth management business.
CIBC’s wealth management business reports 16% rise in Q2 net income
Canadian Imperial Bank of Commerce (CIBC)’s wealth management business has reported net income of C$92 million for the second quarter ended 30 April 2013, an increase of 16% compared with C$79 million a year ago.
HSBC’s India wealth management and retail banking head quits
HSBC India’s head of wealth management and retail banking, Gannesh Bharadhwaj, has resigned from the bank.