All articles by Verdict Staff
Verdict Staff
Sanlam Private Wealth acquires IFA Stratton Annettes
UK-based Sanlam Private Wealth (SPW), a financial planning firm, has acquired IFA Stratton Annettes as a part of its expansion strategy in the run-up to the retail distribution review (RDR).
Morgan Stanley to sell Indian wealth management business
Morgan Stanley may be selling its private wealth management business in India, confirming the trend of foreign banks pruning down on operations in the country and the region.
Quilter expands Edinburgh investment management team
UK-based provider of investment management services, Quilter, has expanded its Edinburgh-based investment management team with the appointment of David Soutar.
Bank Sarasin appoints new head for Central and Eastern Europe
Swiss-based private bank, Bank Sarasin, has appointed Yves Sarasin as the head of Central & Eastern Europe.
BOCHK Asset Management sign MoU with Fubon for investment advisory in Taiwan
BOCHK Asset Management Limited (BOCHK AM) and Fubon Asset Management have signed a MoU for a strategic partnership for an exclusive cooperation in investment advisory and business development in the Taiwan region.
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Hargreaves to increase advisor numbers
UK-based financial service company, Hargreaves Lansdown, is all set to use its apprenticeship scheme in order to expand its advisor numbers post-Retail Distribution Review (RDR), reported IFAonline.
HSBC may be fined over money-laundering charges in US
HSBC may be fined as high as US$1.5 billion for charges of having failed to enforce US anti money-laundering laws.
Private banking revenue in China expected to double by 2015: Study
Revenue from private banking in China are expected to grow from RMB23.3 billion in 2010 to RMB46.8 billion by 2015, according to a joint study by China Minsheng Bank and McKinsey on Chinese high net worth (HNW) individuals.
Rathbones acquires Taylor Youngs wealth arm
UK-based Rathbone Brothers has acquired the private client business of Taylor Young Investment Management and plans to raise GBP24.2 million through an institutional share placement as part of plans to grow the business through acquisitions.
Rise in sustainable investments by wealthy Europeans: Study
The sustainable investments by Europes wealthiest investors has increased by nearly 60% over the past two years, compared to an 18% increase in overall European HNW wealth over the same period, according to a study by EuroSIF, the European Sustainable Investment Forum.