All articles by Verdict Staff
Verdict Staff
Citi enhances its collateral management solution for asset managers
Citigroup Inc. has enhances its collateral management solution, OpenCollateral so as to create new efficiencies for asset managers.
ABN Amro buys European equities on ECB support
ABN Amro Private Bank has bought European equities after policy makers unveiled a bond-buying program to tackle the debt crisis, Bloomberg reported.
Singapore and Hong Kong facing dearth of wealth managers, says report
Though the wealthy from Asia increasingly prefer Singapore and Hong Kong as their offshore wealth centers, both the places are experiencing a short supply of wealth managers, according to Asia-Pacific Wealth Report 2012 released by Capgemini and RBC Wealth Management.
US regulator probes JPMorgan
JPMorgan Chase & Co. is being probed by the US regulator, US Office of the Comptroller of the Currency (OCC) for its failure to detect illicit transactions.
Indian wealth industry form trade body in response to recent regulatory initiatives
Responding to recent regulatory initiatives, a number of mutual fund distribution industry players have jointly set up a trade body to be called the Financial Intermediaries Association of India (FIAI), Hubbis.com reported.
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Sterling Savings Bank appoints director for wealth management unit
Sterling Savings Bank, a US-based subsidiary of Sterling Financial Corporation, has appointed Renee Newman as a senior vice president and director of its wealth management group.
Deutsche Bank appoints COO for wealth management unit
Deutsche Bank AG has appointed Jon Eilbeck as the chief operating officer (COO) of its new wealth management unit, Reuters reported.
SGPB upbeat on short-term equities growth
The short term future of equities is looking good as high risk premiums look attractive to investors in the face of bonds, Societe Generale Private Banking Hambros (SGPB) has said. However, the bond market has suffered as G5 government bond yields are in a poor state, with yields at or near record lows. According to Eric Verleyen, CIO of SGPB who was speaking at an in-house press briefing, the value of commodities such as gold may also continue to fall before an eventual recovery
HNWI optimistic about US economy, research
The recent research by Phoenix Marketing International (Phoenix) has revealed that the affluent pre-retirees have become more optimistic about the US economy in the past year, though they continue to distrust credit card companies and large national banks.
17 Billion Reasons to Grow the Toronto-Chicago Corridor-BMO
The relationships between Chicago and Toronto – sister cities since 1991 – and Ontario and Illinois in a broader sense, are underpinned by close economic and trade ties, according to a new report from BMO Economics.