All articles by Verdict Staff
Verdict Staff
Piper Jaffray income slumps 25% in Q2
Piper Jaffray, a US-based asset management and investment banking firm, has posted adjusted net income of $13.94m for the second quarter of 2016, down 25.2% from $18.63m in the prior-year period.
UBS net profit dips 14% in Q2
Swiss banking giant UBS has reported an attributable net profit of CHF1.03bn for the second quarter of 2016, down 14% from CHF1.21bn in the prior-year quarter.
Legg Mason Q1 net income plummets 65%
US-based investment management firm Legg Mason has reported net income of $33.5m for the first quarter of fiscal year 2017, down 65% compared to $94.5m the year ago.
Boston Trust selects SS&C solution for enhanced data management needs
Boston Trust & Investment Management (Boston Trust) has tapped SS&C Technologies Advent Outsourcing Services for the firm’s improved hosting and data management needs.
Route Trading unveils new anti-money laundering platform Money router
Route Trading has unveiled a new anti-money laundering technology, dubbed Money router, to counter the growing menace of illicit money transfers taking place in the UK.
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Brewin Dolphin total funds rises to £33.5bn in Q3
British wealth manager Brewin Dolphin’s total funds stood at £33.5bn at the end of third quarter on 30 June 2016, a rise of 2.1% compared to £32.8bn at 31 March 2016.
St. James’s Place pre-tax profit slides 10% in H1; FuM up 18%
British wealth manager St. James’s Place (SJP) reported profit before shareholder tax of £60.5m for the first half of 2016, down 9.7% compared to £67m a year ago.
YES BANK secures in-principle nod from SEBI for asset management business
Indian private sector lender YES BANK has secured the in-principle approval from the Securities & Exchange Board of India (SEBI) to start an asset management company (AMC), a trustee company and a mutual fund business.
GAM hires new group distribution head
Swiss money manager GAM has appointed Tim Rainsford as new group head of distribution, succeeding Craig Wallis, who will step down from his responsibilities and the firm on 31 December 2016.
Rathbone Brothers FuM rises 5% to £30.6bn in H1
British wealth manager Rathbone Brothers’ total funds under management (FuM) stood at £30.6bn for the first half of 2016, up 4.8% compared to £29.2bn at 31 December 2015.