All articles by Verdict Staff
Verdict Staff
Financial advisors asked to seek RBI approval before approaching for SEBI’s nod
According to new norms proposed by Indian capital market regulator, Securities and Exchange Board of India (SEBI), finance companies that intend to offer investment advisory services will have to first seek approval from the Reserve Bank of India (RBI) before approaching SEBI.
Platform providers failing to meet advisers service expectations, survey
A survey by independent financial research company Defaqto has found that platform operators are failing to deliver expected levels of service in majority of the areas that advisers regard as most important.
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.
J.P. Morgan rolls out escrow services in Vietnam
J.P. Morgan Treasury Services recently announced the expansion of its global escrow services to Vietnam, providing clients with an additional risk management solution across financial transactions.
FSA warns fund groups over outsourcing
UK-based regulator of financial services industry, Financial Services Authority (FSA), has warned fund groups over outsourcing.
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France proposes tax hikes taxes for wealthy
The socialist French government has unveiled sharp tax hikes on the rich and business in a 2013 budget as it aims to reduce its budget deficit and kick start growth.
Oregon Pacific Bank acquires South Valley Banks Trust Department
US-based Oregon Pacific Banks Trust and Wealth Management has acquired the Trust Department of South Valley Bank & Trust.
Signature Bank adds new private client banking team and group director to existing team
US-based Signature Bank, a full-service commercial bank, has appointed a new private client banking team and also a group director to existing team.
Kiatnakin Bank to focus on wealth management
Thailand-based Kiatnakin Bank Public Company Limited, which was set as a commercial bank post-merger with Phatra Capital, is planning to focus on wealth management services, The Nation reported.
Brencourt Advisors to become family office
US-based Brencourt Advisors LLC, a US$300 million multi strategy hedge fund, is planning to wind down its funds by the end of 2012, return money to outside clients and become a family office, reported Bloomberg.