All articles by Verdict Staff

Verdict Staff

Pacific Sun Advisors Limited and its director acquitted of issuing advertisements without SFC authorization

The Eastern Magistracy has acquitted Pacific Sun Advisors Limited (Pacific Sun) and its director Mr Andrew Pieter Mantel for four counts of issuing advertisements to promote a collective investment scheme without the authorization of the Securities and Futures Commission (SFC) in contravention of section 103 of the Securities and Futures Ordinance (SFO) (Note 1).

Axa Wealth adds fund range from Carmignac to its Elevate platform

Axa Wealth has added the eleven-strong fund range from Carmignac Gestion to its Elevate platform, reported ifaonline.

AIB hires Ulster’s head of private banking

Allied Irish Banks (AIB) has hired Patrick Farrell from Ulster Bank, as part of an attempt to beef up its wealth management division, reported Irish Examiner.

New Appointments at Leumi: Itai Been-Zeev to Be Appointed Member of Management and Head of the Capital Markets Division

Leumi Board of Directors Recommends to Bank Leumi USA’s Board of Directors to Appoint Avner Mendelson As Chief Executive Officer

Ashcourt Rowan appoints new CEO

UK Wealth management firm Ashcourt Rowan has appointed Towry director Gaius Jones as chief executive to replace outgoing chief Chris Williams.

BayernLB Group on a sound footing after successful realignment, Group earnings before taxes rise sharply

BayernLB Group’s earnings were significantly higher in 2012 than in the previous year. Earnings before taxes under IFRS accounting standards rose by 91 percent to EUR 676 million.

Warren Averett Rises in the National Ranks of Accounting Firms

Warren Averett, LLC was recently ranked as the largest accounting, tax and business consulting firm in the four-state Gulf Coast region comprised of Alabama, Florida, Louisiana and Mississippi by Accounting Today

AMP Capital begins construction at Brisbane CBD site

AMP Capital’s Select Property Portfolio No.3 (SPP3) has now commenced construction at 111 Mary Street, Brisbane after forming an equity joint venture with Billbergia.

Who’s Most Likely to Need an Estate Plan?

A large majority of affluent investors have created estate plans, but new research from Spectrem’s Millionaire Corner shows certain subsets of investors tend to put off estate planning and may lack an appreciation for this important aspect of personal financial planning.

Deutsche Bank beefs up wealth management business in Latin America

Deutsche Bank has hired Raphael Zagury, who recently left Bank of America Merrill Lynch, to run a group focused on wealthy clients in Latin America.