All articles by Verdict Staff
Verdict Staff
HNW business owners rely heavily on advisors, research
Though HNW entrepreneurs and business owners are known to be risk takers, they are more likely found to work with financial advisors than affluent investors from other walks of life, shows a recent research by Millionaire Corner.
BNP Paribas: Collaboration from the top down
BNP Paribas are rolling out their retail-embedded wealth management model in the US, Turkey and Poland, seeking to replicate their European successes. Co-heads Vincent Lecomte and Sofia Merlo tell Nicholas Moody why theyre bullish on double-digit asset growth in their core domestic and international markets
Indonesia: Asias new wealth superstar
The high net worth community in Indonesia has been booming since 2007, increasing in number by two-thirds and thriving amid the global financial crisis. Christopher Rocks breaks down WealthInsights research which predicts the number of HNWIs in Indonesia will more than double by 2016
Jersey signs tax exchange agreement with Singapore
Jersey has signed a tax exchange agreement with the Republic of Singapore.
Evercore Wealth Management appoints managing director
Evercore Wealth Management, LLC has appointed Allan Kaplan as managing director and wealth advisor.
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Morgan Stanley Q3: pre-tax income down 32%
Pre-tax income at Morgan Stanleys global wealth management group slid almost a third, or $117m, in the third quarter to $239m on a year-on-year basis.
Credit Suisse, UBS plans to slash 7,000 jobs: Report
Swiss global financial services companies UBS AG and Credit Suisse Group AG are planning to cut 3,000-5,000 and 1,000-2,000 jobs respectively, as part of cost-saving measures to offset falling profit, reported the Swiss weekly, Der Sonntag.
HSBC Vietnam appoints new VP of wealth development
HSBC Maltas senior private clients manager for retail banking and wealth management, Ian Casingena, has been appointed as the vice-president of the Premier proposition and wealth development with HSBC Vietnam, timesofmalta.com reported.
FINRA expels EKN Financial Services
Financial Industry Regulatory Authority (FINRA) has expelled EKN Financial Services, Inc. of Melville, New York, for numerous compliance violations and for allowing its CEO, Anthony Ottimo, to act as a supervisor after being barred from acting in that capacity by the Securities and Exchange Commission (SEC) in June 2008.
Kleinwort expands private wealth team in Jersey
As a part of its expansion plans, British private bank Kleinwort Benson has appointed Matt Gregory and Marc Schroeder to its Jersey-based offshore private wealth management business.