All articles by Verdict Staff
Verdict Staff
Duncan Lawrie Private Bank expands senior management team
Duncan Lawrie Private Bank has hired Gillian Ralston Jordan as head of Fiduciary Services in the Isle of Man.
Henderson Group appoints new CFO
Henderson Group Plc, an investment management services company, has appointed former JP Morgan Asset Managements global chief operating officer of investment management, Roger Thompson, as its new chief financial officer.
Wells Fargo Reports Record Quarterly Net Income
Wells Fargo & Company (NYSE:WFC) reported record net income of $5.2 billion, or $0.92 per diluted common share, for first quarter 2013, up from $4.2 billion, or $0.75 per share, for first quarter 2012, and up from $5.1 billion, or $0.91 per share, for fourth quarter 2012.
Japan bounces back while France slips in ranks on BlackRock Sovereign Risk Index
Japan has bounced back to 33rd place on the latest quarterly BlackRock Sovereign Risk Index (BSRI) update, on the back of the new government’s “clear mandate and appetite for change”, whereas France has slipped two notches to 29th place, according to Blackrock.
Helaba reports earnings of EUR 512 million, exceeding previous years result
With group earnings before taxes of EUR 512 million, Helaba once again surpassed its previous best-ever result of the year before (EUR 492 million).
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Brian Cordischi joins Carnegie Private bank as Head of Investment Strategy
Brian Cordischi has been appointed CIO & Head of Investment Strategy at Carnegie Private Banking in Sweden. He has 20 years experience of research, asset management and advisory services from companies including Goldman Sachs and Barclays Wealth.
Increase in Participants Taking Loans from Their 401(k) Plans, Wells Fargo Finds
Through an analysis of participants enrolled in Wells Fargo-administered defined contribution plans, the bank announced today that in the fourth quarter of 2012, there was a 28 percent increase in the number of people taking loans out from their 401(k) and that the average new loan balances increased to $7,126 from those taken out in the fourth quarter of 2011 – a 7% increase from $6,662.
DCB Bank Announces Annual Results FY 2012-13
1.DCB Bank (Development Credit Bank Ltd.) declared FY 2013 Net Profit of Rs. 102 Cr. for FY 2013.
2.Net Profit for Q4 FY 2013 was Rs. 34 Cr. as compared to the Net Profit of Rs. 17 Cr. for Q4 FY 2012
3.As on March 31, 2013 the Banks Deposits grew by 32% at Rs.8,364 Cr. while Net Advances grew by 25% and stood at Rs. 6,586 Cr. as compared to March 31, 2012.
SEC names Jennifer Marietta-Westberg deputy director, risk, strategy, and financial innovation
The Securities and Exchange Commission today announced that Jennifer Marietta-Westberg has been named Deputy Director of its Division of Risk, Strategy, and Financial Innovation (RSFI).
Man Group eyes revamp of AHL
Hedge fund manager Man Group has created a new corporate structure for AHL, its $17bn core quantitative fund business, as its new management team looks to turn around the divisions fortunes.