All articles by Verdict Staff
Verdict Staff
National Australia Bank’s wealth unit reports marginal decline in Q1 profit
Wealth division of National Australia Bank (NAB) has reported profit of A$256 million for the half-year to March 2013, down 1.5% from A$260 million reported a year ago.
BNP Paribas appoints head of UK trustee unit
BNP Paribas Securities Services has appointed Darren Banks as head of its trustee and depositary business in the UK.
Japanese hedge funds lead Asian hedge fund capital to five-year high
Investors increased allocations to Asian hedge funds in 1Q13 as stimulus measures, quantitative easing and increased bond purchases by the Bank of Japan drove gains across both Japanese equities and the HFRX Japan Index.
SEB Private Banking selects Ernst & Young to advise its clients in three Baltic countries
SEB Private Banking has concluded a cooperation agreement with audit company Ernst & Young Baltic Ltd to provide information to its customers in Latvia, Lithuania and Estonia on legislative issues, as well as provide consultations and advices in tax and legal issues.
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Characteristics of HNW Investors: Report
As per report from PriceMetrix Profiles HNW clients are adding fee accounts, but not abandoning transactional accounts.
RBC strengthens Indonesia-focused sales wealth management team
RBC Wealth Management has strengthened its Indonesia-focused sales team with three experienced senior bankers.
Global equity fund launched by RWC for new hire
RWC Partners will launch a new global equity fund for the investment manager’s new hire, Louise Keeling.
Societe Generale and MBIA settle lawsuit for US$350 million
Bond insurer MBIA Inc has agreed to pay Societe Generale US$350 million to settle litigation over the former’s restructuring, reported Reuters.
U.S. Bank Named Best for Vets Employer by Military Times Magazine for Fourth Consecutive Year
Military Times magazine has named U.S. Bank as a Best for Vets employer, the fourth consecutive year the company has been recognized. The bank employs more than 2,000 veterans nationwide, hiring nearly 600 in 2012 alone.