All articles by Verdict Staff
Verdict Staff
Intesa Sanpaolo sets up new emerging Europe AM hub
Italy’s Intesa Sanpaolo has set up a new regional hub in Eastern Europe for its asset management activities, consolidating all of its units’ work in the region.
Former Threadneedle CEO Henderson to retire
Threadneedle Investments (Threadneedle)’s former CEO and current vice chairman of Global Asset Management for Threadneedles parent company Ameriprise Financial, Crispin Henderson, will retire from the group on 31 May 2013.
RBC’s wealth arm net income rises to C$225 million in Q2
Royal Bank of Canada (RBC)’s wealth management arm has reported net income of C$225 million for the second quarter ended 30 April 2013, up C$13 million or 6% compared to last year.
Edmond de Rothschild Asset Management appoints head of Chinese equities
Edmond de Rothschild has appointed Xing Hu as head of Chinese equities.
HSBC launches Wealth Dashboard in the Middle East
HSBC Bank Middle East has upgraded its investment platform and launched its Wealth Dashboard in the region to allow wealthy clients to view their entire investment portfolios through a consolidated platform online.
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Brewin Dolphin looks to increase growth with GBP40m placing
Brewin Dolphin intends to raise up to GBP40 million via a placing of up to 19,001,738 new ordinary shares in the company, representing 7.5% of Brewin Dolphin’s existing issued share capital, with both existing and new institutional investors.
NBAD hires new general manager for asset management group
UAE based National Bank of Abu Dhabi (NBAD) has appointed Mark Watts as the general manager, head and chief investment officer of its asset management group.
Julius Baer wins Bahrain licence
Swiss private banking group Julius Baer has obtained an investment firm licence from The Central Bank of Bahrain (CBB) to establish its own unit in the Kingdom.
Advisors optimistic about business despite mixed feelings on the economy: SEI survey
The overwhelming majority of advisors expect 2013 to be a better business year than 2012 despite the fact that feelings on the economy remain mixed, according to the most recent SEI survey.
Switzerland gives banks green light to settle US tax evasion cases
The Swiss government has agreed to create a legal basis that will enable its banks to settle investigations by US authorities into their role in assisting wealthy Americans in evading taxes, which may require lenders to pay up to billions of dollars in fines to the US authorities.