All articles by Verdict Staff
Verdict Staff
Fortigent launches new investor billing solution
US-based Fortigent, LLC, a provider of outsourced wealth management solutions for financial advisors and institutions targeting HNW, has added a new investor billing solution and end client access portal to its Fortigent Access technology platform, which will specifically cater the HNW investors.
Decline in WM M&A valuations set to continue
Wealth management mergers and acquisitions (M&A) valuations benchmark has fallen to 2% of assets under management (AUM), and looks set to drop further over the next 2 years.
Wells Fargo appoints head of wealth brokerage services division
Wells Fargo Advisors, LLC has appointed Jim Hays as the executive vice president and head of Wells Fargo wealth brokerage services division.
PanaceaIFA to be rebranded as Panacea Adviser
PanaceaIFA, the online community for IFAs, will soon be rebranded to Panacea Adviser, reflecting the changing advisory landscape ahead of the implementation of the Retail Distribution Review (RDR).
UBS appoints new Japan country head
Swiss-based global financial services company, UBS AG has appointed Zenji Nakamura as the country head for Japan.
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Tribunal upholds FSA decision to ban Swiss fund manager for market abuse
The Upper Tribunal (Tax and Chancery Chamber) has upheld Financial Services Authoritys (FSA) decision to ban and fine Swiss fund manager, Stefan Chaligné, and two former Cantor Fitzgerald traders for market abuse.
Credit Suisse cuts costs with Clariden Leu sale
Credit Suisse is to sell Clariden Leus UK operations to Falcon Private Bank less than a year after fully integrating the subsidiarys parent back into Credit Suisse Group.
Singapore soon Asia’s Fort Knox?
Singapore is increasing its attractiveness as Asias private banking centre further by scrapping a 7% tax on gold and silver in an effort to turn the city into a precious-metals trading hub to rival London and Zurich, where value-added taxes don’t apply to the investment-grade gold trade.Global insecurity has driven investors to gold and silver in recent years.
SocGen makes appointments for its Japan private banking unit
Societe Generale SA has made two appointments for its Societe Generale Private Banking Japan, including Laurent Depus as the president and CEO and Guillaume Burtschell as the head of Societe Generale Corporate & Investment Banking.
TIAA-CREF Trust Company chooses Citis OpenWealth solution
TIAA-CREF Trust Company has selected Citis wealth management solution, OpenWealth, as its new service delivery platform for its private asset management offering.