All articles by Verdict Staff

Verdict Staff

Old Mutual confirms talks with Cinven for sale of Italian wealth business

Old Mutual has entered into exclusive talks with European private equity fund Cinven, the owner of ERGO Italia, for the sale of Old Mutual Wealth Italy.

SEI bolsters private banking executive management team in UK

SEI has bolstered its private banking executive management team in UK by appointing Kevin Russell to the newly created role of proposition director.

Woodford Investment Management hires client relationship manager for London

Woodford Investment Management (Woodford IM) has named Samuel Lynes as its new client relationship manager for London, replacing Simon King who left the firm earlier this year to join T. Rowe Price.

ANZ appoints new chief economist

The Australia and New Zealand Banking Group (ANZ) has named Richard Yetsenga as its new chief economist.

BNP Paribas names new head of advice business for Australia and New Zealand

BNP Paribas Investment Partners has appointed James Langlands as its new head of advice unit for Australia and New Zealand.

BDO USA to snap up Goldstein Schechter Koch

Accounting and consulting firm BDO USA has agreed to buy Goldstein Schechter Koch (GSK), a provider of accounting, tax and wealth advisory services to public and private middle market businesses and affluent individuals, for an undisclosed sum.

Canaccord Genuity revenues drop 4% in Q1

Canaccord Genuity Group has earned revenues of C$206.2m in the first quarter of fiscal 2017, down 3.9% compared to C$214.5m a year earlier.

WSFS Financial to buy multi-family office Powdermill Financial

WSFS Financial has agreed to acquire the assets of Delaware-based multi-family office Powdermill Financial Solutions for an undisclosed sum.

RBS private banking unit profit surges in H1

The private banking arm of Royal Bank of Scotland (RBS) has reported an operating profit of £51m for the first half of 2016, up 537.5% compared to £8m a year ago.

Goldman Sachs may restructure UK operations

Goldman Sachs has warned that it may restructure its UK operations following Britain’s vote to quit the European Union.