All articles by Verdict Staff
Verdict Staff
Commerzbank profit slumps 42% in H1
German lender Commerzbank has reported attributable profit of 372m for the first half of 2016, down 42.3% from 645m the year earlier.
Former Barclays executive sets up new wealth management firm in London
Former Barclays and JP Morgan executive Tom Kalaris has opened a new private client advisory firm in London that will deliver bespoke wealth management services to ultra-high net worth clients.
British asset manager TCP buys Indias Cerestra Advisors
The Capital Partnership Group (TCP), a London-based asset manager, has agreed to purchase Religare Enterprises real estate private equity unit Cerestra Advisors for an undisclosed sum.
deVere USA makes Miami its second hub office
Financial advisory firm deVere USA has turned Miami office as the companys second hub office as part of its growth strategy. New York was the companys first super hub office.
Tilney Bestinvest completes £600m acquisition of Towry
British wealth manager Tilney Bestinvest has closed its £600m acquisition of local rival Towry group.
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Savills IM hires CFO for Asia Pacific
Real estate investment manager Savills Investment Management (Savills IM) has named Tammy Kuan as its new CFO for Asia Pacific.
MUFG to buy Rydex Fund Services from Guggenheim Investments
MUFG Investor Services has agreed to purchase Guggenheim Partners 1940-Act mutual fund administration business Rydex Fund Services (RFS) for an undisclosed amount.
Northern Trust hires chief diversity officer for EMEA and APAC
Northern Trust has appointed Sarah Boddey as its new chief diversity officer for Europe, Middle East, Africa (EMEA) and Asia Pacific (APAC).
M&T Bank names new head of Wilmington Trust
M&T Bank (M&T) has appointed Doris Meister as an executive vice president in the company’s management group to lead Wilmington Trust wealth management businesses.
Tullett Prebon to buy Creditexs US hybrid voice broking business
UK-based interdealer broker Tullett Prebon has agreed to acquire Creditexs US hybrid voice brokerage operations from Intercontinental Exchange (ICE) for an undisclosed amount.