All articles by Verdict Staff
Verdict Staff
Barclays appoints Mena wealth director
Barclays PLC has appointed Wassim Alameddine as the director, private banker for its Wealth and Investment Management division in the Mena region focusing on the Gulf market.
Societe Generale appoints senior banker for private investment banking
Societe Generale SA has appointed Giovanni Ortolani as the senior banker for Societe Generales private investment banking activity in Geneva, Switzerland effective October 1st 2012.
Global wealthy eyeing London property market, survey
A recent survey by Cluttons LLP, a UK-based international firm of chartered surveyors and property consultants, has found out that 57% of the global wealthy consider London real estate as their top target investment class.
FSA warns firms against working around commission ban
The Financial Services Authority (FSA) has written to the CEOs of 24 product provider and advisory firms warning them not to use distribution agreements and cross-subsidies to ‘work around’ the Retail Distribution Review (RDR) commission ban.
HSBC sells HNW real estate unit Property Vision
HSBC Private Bank has sold its UK high net worth (HNW) property advisory unit, Property Vision, to the companys management team as part of its group-wide strategy to sell off non-core assets.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
BNY Mellon acquires remaining 50% stake of WestLB venture
BNY Mellon has acquired the remaining 50% of its WestLB Mellon Asset Management joint venture from Portigon (formerly known as WestLB AG), a German portfolio management and service company.
CIBC Asset Management launches class F-premium units on fixed income funds
Canada-based CIBC Asset Management Inc. has launched a new class F-premium unit on three Renaissance Investments fixed income funds for lower fee options.
Advisors unclear over impact of platform use on independent status, survey
According to a recent survey by Skandia, advisors who use just one main platform are unclear of their independent status, with 48% of advisors believing that they can be independent and use just one main platform, 40% believing that they cannot and 12% being unsure over the independent status.
Citibank Hungarys New Premium Personal Loan available from a 17.9% interest rate
The annual interest rate of the new Citibank Premium Loan is from 17.9 to 19.9 percent subject to status and applies to applications submitted via all channels, including branches, direct sales agents, telephone and online, under contractual terms and conditions.
Truestone acquires Argent
UK-based Truestone Asset Management, a wealth manager and impact investing specialist, has acquired discretionary manager and employee benefits specialist, Argent Personal Financial Managers, in a GBP3.5 million deal.