All articles by Verdict Staff
Verdict Staff
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.
Backstop Solutions Group sets up office in Hong Kong
Backstop Solutions Group, a provider of cloud-based solutions for the institutional investment community, has expanded into the Asia-Pacific region by opening an office in Hong Kong.
Fidelity Investments launches advisory solution for investors
Boston-based Fidelity Investments has introduced an advisory solution, Fidelity Go, for investors seeking to manage their money through a simple and efficient digital experience.
State Street net income surges 50% in Q2
State Street has posted a net income available to common shareholders of $585m for the second quarter of 2016, a jump of 50.4% from $389m the year earlier.
BNP Paribas wealth unit pre-tax income dips marginally in Q2
BNP Paribas’ wealth & asset management unit has reported pre-tax income of EUR181m for the second quarter of 2016, down 1.1% from EUR183m a year ago.
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Global markets and growth to stay under Brexit cloud
Investors may be confused by what seems like a post-Brexit disconnect in global markets, with dread felt immediately after Brexit followed by record highs in US equities and more. However, the markets are not as disconnected as they seem and the post-Brexit story is not even close to being fully played out, writes Krishna Memani, Chief Investment Officer at global asset manager OppenheimerFunds
EFG International first-half net profit slumps 53%
Swiss private bank EFG International has posted a net profit of CHF22.3m for the first six months of 2016, a slump of 53% compared to CHF48m a year ago.
Purpose Investments to snap up Redwood Asset Management
Purpose Investments, a provider of exchange traded funds (ETFs), mutual funds and closed-end funds, has agreed to acquire all the outstanding shares of Toronto-based Redwood Asset Management.
DBS Private Bank gets new regional head of South East Asia
DBS Private Bank has appointed Joseph Poon as the regional head of South East Asia and promoted Lawrence Lua as deputy head.
State Street fined $382.4m for misleading custody clients in forex trades
State Street Bank and Trust Company has agreed to pay $382.4m in global settlement for misleading mutual funds and other custody clients by applying secret markups to foreign currency exchange (forex) trades.