All articles by Verdict Staff
Verdict Staff
UK and South Korea form fintech bridge
Britain and South Korea have formed a fintech bridge to help financial technology firms and investors in two countries to access each others’ markets.
Wealth management industrys AUM growth to slow: Oliver Wyman
Wealth management industrys total AUM growth is expected to decline from 7% per annum over the past five years to 5% per annum over the period of 20152020 on the back of lower asset returns, according to consultancy Oliver Wyman.
Robeco sets up new office in Singapore
Dutch asset manager Robeco has expanded its footprint in Asia by launching a new office in Singapore.
Julius Baer H1 profit surges to CHF362m
Swiss private banking group Julius Baer has reported attributable net profit of CHF362m, for the first half of 2016, a surge of 812% compared to the year ago period.
People’s United Bank to acquire investment manager Gerstein Fisher
People’s United Bank subsidiary People’s Securities has agreed to purchase Gerstein Fisher, a New York City-based investment management firm with a $3bn, for an undisclosed amount.
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BNY Mellon earnings remain flat in Q2
The Bank of New York Mellon (BNY Mellon) has reported net income applicable to common shareholders of $825m for the second quarter of 2016, down 0.6% from $830m in the year-ago quarter.
T. Rowe Price hires new strategic partners head
T. Rowe Price has hired Matthew Jenkins as the new head of strategic partners within its UK intermediary team.
WH Ireland swings to operating loss in H1
WH Ireland, a UK-based provider of private wealth management services, has reported operating loss before exceptional items of £1.1m for the first half ended 31 May 2016, compared to a profit of £0.3m a year ago.
Charles Stanley revenues dip 12.5% following business restructure
British wealth manager Charles Stanley posted overall revenues of £33.8m for the first quarter of fiscal year 2017, down 12.5% compared to £38.6m a year ago.
PCR, Chicago Clearing partner to help clients manage class action settlement claims
Private Client Resources (PCR), a provider of wealth data aggregation and reporting for family offices, RIAs and private banks, has teamed up with premier securities class action claims recovery specialist Chicago Clearing.