All articles by Verdict Staff
Verdict Staff
Merrill Lynch, Morgan Stanley, Wells Fargo Advisors and UBS thriving, not diving: report
According to a report by Sanford C. Bernstein & Co, deteriorating profits at wealth management firms such as Merrill Lynch, Morgan Stanley, Wells Fargo Advisors, and UBS Wealth Management are “highly exaggerated”.
UBS appoints head of private wealth division in Americas
UBS has appointed John Mathews as the head of its private wealth management division in the Americas.
BMO Global Asset Management appoints new director of Strategic partnerships
BMO Global Asset Management announced today the appointment of Frank Green to Director of Strategic Partnerships – Retirement Services.
Fall in global confidence among financial advisers in Singapore
Financial advisers in Singapore were the only group of advisers to report a fall in confidence in the global economy during the first quarter of 2013, according to Skandia Internationals quarterly adviser confidence barometer.
UBS “seriously considering” shareholders’ suggestions
According to UBS chief executive officer, Sergio Ermotti, shareholders’ suggestions calling for a separation of the lender’s investment bank and wealth units are being considered seriously.
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Bank Sarasin appoints vice-chairman of the board
The Board of Directors of Bank Sarasin decided to propose the election of Mr. Ilan Hayim as new member of the Board of Directors.
Citigroup betting on wealthy Middle Eastern family firms
Citigroup is betting on wealthy Middle Eastern family firms to boost its private banking business, a senior executive of the bank told Reuters in an interview.
Credit Suisse files lawsuit against ex-vice president now working for Goldman Sachs
Credit Suisse has filed a lawsuit against ex-vice president of emerging markets, who has been hired by Goldman Sachs, for stealing the formers trade secrets.
BEN acquires loan book of H.D. & C Securities
Bendigo and Adelaide Bank and H.D. & C Securities have signed a sale agreement under which Bendigo and Adelaide Bank will acquire from Benalla based H.D & C Securities, its loan book totalling approximately US$50 million.
Schroders profit before tax rises to GBP115 million in Q1
Asset manager Schroders plc has reported profit before tax of GBP115 million for the first quarter of 2013, up from GBP95.5 million reported last year.