All articles by Verdict Staff
Verdict Staff
AMP wealth unit operating earnings drop 6% in H1
AMP Capitals wealth management arm has reported operating earnings of A$195m for the first half of 2016, a fall of 6% compared to A$207m a year ago.
Legg Mason acquires majority stake in online advisor Financial Guard
Legg Mason has closed the purchase of an 82% majority equity stake in online investment advisor Financial Guard for an undisclosed amount.
Wilmington Trust launches institutional custody office in Jacksonville
American wealth advisory firm Wilmington Trust has set up its institutional custody office in Jacksonville, Florida, in order to expand its corporate and institutional services in the Southeastern US.
Piedmont Investment Advisors to snap up NCM Capital
Durham-based Piedmont Investment Advisors has agreed to acquire rival investment firm NCM Capital for an undisclosed sum.
Old Mutual International hires operations director for Isle of Man
Old Mutual International, part of Old Mutual Wealth, has appointed Simon Hull as its new operations director for the Isle of Man.
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Deutsche Bank names new wealth management co-heads in Germany
Deutsche Bank has recruited Anke Sahlen and Daniel Kalczynski as its new co-heads of wealth management (WM) in Germany.
Union Bank of the Philippines partners with Lombard Odier to expand wealth business
Union Bank of the Philippines, the banking unit of the Aboitiz Group, has inked a cooperation agreement with the Swiss private bank Lombard Odier to expand its wealth and asset management operations.
Australias AMP Capital to liquidate its China Growth Fund
Australian investment manager AMP Capital has decided to wind up its China Growth Fund (AGF) by liquidating the fund.
Old Mutual Global Investors hires China business head
Old Mutual Global Investors (OMGI), part of Old Mutual Wealth, has appointed Richard Mo to the newly created role of China business head.
Kestra Private Wealth Services hires new director of business development
San Diego-based Kestra Private Wealth Services (Kestra PWS), a unit of Kestra Financial, has named Tim Lewis as its new director of business development.