All articles by Verdict Staff
Verdict Staff
Who are the most powerful people in global private banking?
We’re asking for your nominations for the top 10 people who have the biggest scope to change the industry, point it in a new direction or are responsible for the shape of the market. Nominations close on Thursday 6 December with The Power 50 of Private Banking published in next months edition.
Saltus Fund Management acquires Mercater Capital Management
UK-based Saltus Fund Management has acquired Mercater Capital Management.
Banque Morval selects SunGards Ambit Private Banking solution
Banque Morval, a Swiss private banking institution, has chosen SunGards Ambit Private Banking solution as its new core banking platform in order to improve operational efficiency and client centricity.
Barclays may slash 3,500 investment bank staff in Asia
British banking giant Barclays may slash around 3,500 investment bank staff and cut its advisory or equities operations in Asia as part of a broader strategic review, reported Reuters.
Coutts appoints market head for Southeast Asia
British private bank Coutts has appointed Jacqueline Chua as the managing director, market head for Southeast Asia, with immediate effect.
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UBS close to deal with US, UK over Libor-rigging claims
Swiss financial services company UBS AG is close to reaching agreements with the US and UK regulators and is expected to pay more than GBP290 million (US$466 million) in fines over Libor-rigging claims.
Wunderlich Securities acquires wealth management branches of SMH
Wunderlich Securities has acquired three wealth management branches from Sanders Morris Harris (SMH), which is exiting the retail branch office business.
Views on financial advice differ among millionaire men and women: Survey
Wealthy men and women differ when it comes to adopting a financial investing strategy, according to a new study conducted by Fidelity Investments. While the wealthy men focus on returns through financial planning, women concentrate on the risk part.
Coutts agrees settlement with Financial Services Authority in relation to the sale of AIG Life assurance bonds
Coutts today announces that it has reached a settlement with the Financial Services Authority (FSA) following an investigation into the sale by Coutts & Co. of the AIG Life single premium life assurance bond Enhanced Variable Rate Fund (EVRF) between December 2003 and September 2008. Coutts has agreed to pay a fine of £6.3 million as part of the settlement with the FSA.
Wealth managers lack effective social media strategies: Report
Most of the leading private banks and wealth managers lack effective social media strategies, though they are improving in deploying certain elements of social media and some platforms, according to a latest report published by Swiss research company MyPrivateBanking Research.