All articles by Verdict Staff
Verdict Staff
Family Office Exchange appoints managing director
UK-based Family Office Exchange (FOX), a global membership organization of single family offices and their advisors, has appointed Christian Sulger-Büel as the managing director.
Bellpenny acquires Monmouthshire Building Societys IFA arm
Bellpenny, a UK-based wealth manager, has acquired Monmouthshire Independent Financial Advisers (MIFA), a subsidiary of Monmouthshire Building Society.
Bank of Singapore expands Greater China team
Bank of Singapore (BoS) has appointed 11 private bankers to its Greater China office, thereby expanding its presence in Asia’s biggest economy.
Motilal Oswal launches Advisory and Dynamic Synthetic indices
Motilal Oswal Private Wealth Management, an arm of Motilal Oswal Financial Services Ltd, has launched Indias first Advisory Index and Dynamic Synthetic Index, which will be customized to individual clients based on their advisory mandate.
Bank of America reports net income of $0.7 bn in Q4
Bank of America Corporation today reported net income of $0.7 billion, or $0.03 per diluted share, for the fourth quarter of 2012, compared to $2.0 billion, or $0.15 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)B basis was $18.9 billion.
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Intrinsic Financial Services appoints CFO
UK-based Intrinsic Financial Services has appointed Simon Brunt as its chief financial officer (CFO), effective 31 December 2012, IFAonline reported.
PNC reports full year 2012 net income of $3.0 billion and $5.30 diluted EPS
The PNC Financial Services Group, Inc. reported 2012 net income of $3.0 billion, or $5.30 per diluted common share, compared with 2011 net income of $3.1 billion, or $5.64 per diluted common share.
CBA, ICBC, QNB to bid for Rabobank’s Indonesia unit
Commonwealth Bank of Australia, Industrial and Commercial Bank of China and Qatar National Bank QNBK are among those who are expected to submit preliminary bids to buy Rabobank’s Indonesian unit in a US$400 million deal, Reuters reported.
Vontobel expands its fixed income expertise with two senior hires
Vontobel Asset Management has appointed David Walls and Stefan Hüsler to the firms
high yield and credit investment team.
Merrill, UBS hire wealth management teams from Morgan Stanley
Merrill Lynch and UBS Wealth Management Americas have hired two teams from Morgan Stanley Wealth Management’s New Jersey office.