All articles by Verdict Staff
Verdict Staff
Gold tumbles, but quantitative easing makes the asset more attractive: Coutts
Despite gold’s sharp fall in recent trading sessions leading to skepticism and mass of sell-off of the precious metal, it is “important to remember” that quantitative easing that undermines confidence in currencies and makes gold more attractive as an asset, is still very prevalent around the world, according to Gary Dugan, chief investment officer Asia and Middle East, Coutts.
Basic materials primary source of wealth for Indonesias UHNWIs
Basic materials primary source of wealth for Indonesias UHNWIs
JPMorgan appoints new co-heads of global M&A activity
JPMorgan has appointed Hernan Cristerna and Chris Ventresca to the newly created roles of co-heads of global mergers and acquisitions (M&A).
Bank Sarasin reports CHF171 million in profits for 2012
Swiss private lender Bank Sarasin has reported a profit of CHF171 million for the year that ended 31 December 2012.
Vanguard launches Hong Kong-domiciled Asia ex Japan Equity ETF
Vanguard Group, an American investment management company, has received regulatory approval to launch the first Hong Kong-domiciled exchange traded fund (ETF).
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Africa: Number of millionaires in Johannesburg reaches over 23,000 in 2012
This press release is part of a series of annual updates on major markets for 2012/2013. It follows on from WealthInsight’s report on South Africa, entitled: South Africa – The Future of HNWIs to 2016: The Rise of African Wealth.
KBC Bank posts net profit of EUR520 million in Q1
Belgium-based KBC Bank N.V. has reported a net profit of EUR520 million for the first quarter of 2013, compared with a net profit of EUR380 million in the year ago quarter.
EU tax deals will slow money inflows, warns Julius Baer
According to Julius Baer, the EUs planned agreements on the sharing of tax information between countries will adversely effect its new money inflows in 2013.
ABN AMRO’s private banking arm sees 39% decline in Q1 income
ABN AMRO’s private banking arm has posted a net profit of EUR35 million for the first quarter of 2013, down 38.6% from EUR57 million in the year ago quarter.
HSBC launches wealth management solution in Singapore
HSBC has launched a new enhanced personal internet banking platform, Wealth Dashboard, that displays the customers’ cash and investment holdings in real-time.