All articles by Verdict Staff

Verdict Staff

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 India’s 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 company’s second hub office as part of its growth strategy. New York was the company’s 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.

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.

AZ NGA snaps up Australian advice firm Logiro Unchartered

AZ Next Generation Advisory (AZ NGA) has agreed to take over Brisbane-based advice group Logiro Unchartered in an A$4.3m deal ($3.2m).

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 Creditex’s US hybrid voice broking business

UK-based interdealer broker Tullett Prebon has agreed to acquire Creditex’s US hybrid voice brokerage operations from Intercontinental Exchange (ICE) for an undisclosed amount.

Barclays attributable profit plummets 31% in H1

Barclays has reported attributable profit of £1.11bn for the first half of 2016, a slump of 31% from £1.61bn the year ago.

JTC wraps up Arcange REIM acquisition in Luxembourg

JTC, an institutional and private client service provider, has completed the acquisition of Arcange REIM in Luxembourg following approval from the Commission de Surveillance du Secteur Financier (CSSF).