All articles by Verdict Staff
Verdict Staff
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.
Credit Suisse makes surprise return to profit
Swiss bank Credit has returned to profit in Q2, despite widespread predictions of a loss.
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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.
UBS Asset Management hires fixed income head for APAC
UBS Asset Management has appointed Hayden Briscoe as its new head of fixed income for Asia Pacific.
BNY Mellon Wealth Management names US Markets president
BNY Mellon Wealth Management has appointed Thomas Dicker as its new president of US Markets.