All articles by Verdict Staff
Verdict Staff
OECD endorses Guernseys tax standards
The OECDs Global Forum on Transparency and Exchange of Information for Tax Purposes has endorsed the standards adopted by Guernsey.
Canaccord Wealth Management clients unaffected by IIROC data loss
On April 11, 2013, the Investment Industry Regulatory Organization of Canada (IIROC) announced the accidental loss of a portable device that contained personal information relating to clients of a number of investment firms.
JTC Group buys Guernseys Ardel Fund Services
JTC Group, a UK-based provider of private wealth, corporate, employee benefit and fund administration services, has acquired Ardel Fund Services Limited (AFSL), Guernsey’s premier third party fund administration providers, for an undisclosed amount.
NBK opens a new branch in Abu Dhabi
National Bank of Kuwait (NBK) announced the opening of its new branch in Abu Dhabi, the second in the United Arab Emirates.
Resonance Asset Management launches Maiden Fund
Resonance Asset Management (“Resonance”), an alternative asset management firm, has raised GBP35 million (US$53.6 million) in assets for its inaugural wind energy income fund.
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JP Morgan’s private banking unit’s revenue rises by 13%
JP Morgan’s private banking unit reported a 13% increase in revenue to $1.4bn in the first quarter.
CIMB establishes its investment banking and brokerage businesses in India
CIMB Group today announced today that it has started its investment banking and brokerage businesses in Mumbai, India after successfully obtaining a stock broking license from the Securities and Exchange Board of India (SEBI).
FORE completes Scottish acquisition
FORE Partnership (FORE), the private investment club for family offices, part of the Cording Group, has completed the acquisition of New Telecom House.
Prudential sells wealth unit to Envestnet
Prudential Financial Inc. is selling off its wealth management services unit to financial services firm Envestnet Inc. for up to US$33 million.
Webster Reports 2013 First Quarter Earnings
Webster Financial Corporation, the holding company for Webster Bank, N.A., announced net income available to common shareholders of $39.2 million, or $0.44 per diluted share, for the quarter ended March 31, 2013 compared to $38.3 million, or $0.42 per diluted share, for the quarter ended March 31, 2012.