All articles by Verdict Staff

Verdict Staff

Lloyds Banking Group committs pound 6.5 billion for first time buyers

Lloyds Banking Group has unveiled the UK’s largest commitment to support first time buyers by committing to lend £6.5 billion to help customers make their first step on to the property ladder in 2013.

ICICI Bank UK launches ICICI Bank Investment Services

ICICI Bank UK, the UK-based subsidiary of India’s largest private sector bank, has launched ICICI Bank Investment Services, an online, execution-only platform, in association with Cofunds.

Guernsey image rights – wanted dead or alive

Image rights have gained increasing prominence as the world of celebrity, media and sport continues to grow, and new legislation in Guernsey could have an impact on succession planning for famous high net worth individuals and their families.

Stonehage appoints director for Jersey office

UK-based The Stonehage Group, a multi-family office for UHNW families and entrepreneurs has appointed Hague-Holmes as its Jersey director, thereby strengthening its private client and trust department.

Gold Bullion International launches GBI Advisors platform

Gold Bullion International (GBI), a provider of physical precious metals to the wealth management industry, has launched GBI Advisors (GBIA), the first physical precious metals platform for RIAs.

For Wegelin, death follows tax evasion

A traditional joke at Wegelin used to suggest that the only two ways of leaving the institution as a relationship manager was retirement or death. In reality, taxes, along with US regulators’ punishment, ultimately dealt Wegelin a death blow. Will Switzerland now capitulate completely on banking secrecy?

Behemoths and boutiques

Imagine having high-profile high net worth (HNW) clients who were so willing to be used in your institution’s marketing material that they appear in a video on your website expounding the bank’s virtues. Nicholas Moody speaks to Fieldpoint Private’s Bob Matthews who is in such a position

Julius Baer forms Global Advisory Committee for the integration of Merrill Lynch’s International Wealth Management business

Julius Baer, the leading Swiss private banking group, has formed a Global Advisory Committee of former high-profile Merrill Lynch executives which will support the Bank in successfully integrating Merrill Lynch’s International Wealth Management (IWM) business outside the United States. Meanwhile, the preparatory activities for the integration are well on track: the Principal Closing of the acquisition is expected for 1 February 2013.

Sergi Herrero appointed new CEO of L’Atelier BNP Paribas in San Francisco

L’Atelier, the disruptive technology unit of the BNP Paribas Group, has appointed Sergi Herrero as Chief Executive Officer of its US subsidiary in San Francisco to replace Frédéric Tardy.

Baird appoints new COO

Robert W. Baird & Co. Incorporated, a US-based employee-owned international financial services firm, has appointed Steve Booth as its new COO.