All articles by Verdict Staff
Verdict Staff
UBS fined $1.5bn by US, UK and Swiss authorities
UBS is to pay CHF1.4bn ($1.5bn) to US, UK and Swiss authorities to resolve investigations into its manipulation of international inter-bank rates – its largest ever fine and the second largest ever.
Kleinwort Benson appoints head of investment advisory
Kleinwort Benson, a UK-based private bank, has appointed Lucy Gazmararian as the head of investment advisory.
BNY Mellon appoints senior sales director for Family Office and Advisor Solutions group
BNY Mellon Wealth Management has appointed Tracy Tuens to a newly created position as senior sales director for the firms Family Office and Advisor Solutions group, Bank Investment Consultant reported.
Schroders to acquire STW Fixed Income Management
Schroders plc (Schroders) announces that it has reached agreement for its subsidiary Schroder U.S. Holdings Inc. to acquire 100 per cent. of the share capital of STW Fixed Income Management LLC (STW), a value-orientated, US investment-grade fixed income manager.
LGT Capital Partners acquires Clerestory Capital Advisors
LGT Capital Partners Holding (USA) Inc., a global alternative investment manager, has acquired Clerestory Capital Advisors, LLC (CCA), a New York-based investment and advisory firm.
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Santander merges Spanish private banking brands
Banco Santander is to absorb Banesto and Banif Private Bank, combining its private banking brands in Spain under the Santander name
Isle of Man and Argentina sign tax agreement
The Isle of Man has signed a tax information exchange agreement (TIEA) with Argentina, being the first such arrangement with a country in South America.
JP Morgan Private Bank expands Russian team in UK
JP Morgan Private Bank has appointed its executive directors Darius Daubaras and Anatoly Crachilov as the private bankers for its Russian team in the UK.
Brown Shipley appoints head of Birmingham office
UK-based provider of private banking, wealth management and financial planning services, Brown Shipley, has appointed Anne Brookes as the head of Birmingham office.
AXA Wealth partners with Platforum
AXA Wealth has entered into partnership with the independent platform experts, Platforum, in order to support advisers due diligence process by offering free access to the platform analysis tool (PAT).