All articles by Verdict Staff
Verdict Staff
Banks must update tech before wealth timebomb
Banks risk losing customers and revenue to rivals without upgrading the digital services they provide to the next-generation of digital savvy clients, according to new research.
JP Morgan appoints head of wealth advisory unit in Spain
JPMorgan Chase & Co. has appointed Regis Molowny as the head of its wealth advisory unit in Spain to work with the UHNW families in Spain.
PineBridge Investments selects Bonaire for revenue management platform
US-based PineBridge Investments LLC has selected Bonaire Software Solutions, LLC’s REVPORT revenue management and fee billing platform.
Wealthy foreigners in Switzerland to face tax hike
The Swiss parliament has voted for a deal that will keep its special low-tax deals for wealthy foreigners such as music and sports celebrities but increase the amount of tax they pay.
BCG: Wealth managers grow stake in AM market
Wealth managers have benefited from distributing and developing investment products allowing them to win business from asset managers, new research has found. Boston Consulting Groups (BCG) 2012 Global Asset Management report, Capturing Growth in Adverse Times, identified five other key challenges in the asset management industry. wealth managers and advisors have established a very strong position in the managed program-market, according to the report
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Sallie Krawcheck suggests paying executives partly in bonds
Sallie Krawcheck, who ran wealth-management divisions at Bank of America Corp. (BAC) and Citigroup Inc. (C), has said that the risks at complex financial firms could be better managed by giving executives part of their pay in bonds.
Maximising banks marketing through social networks
Social networks have started the formal migration towards being enterprise social networks online forums that we use in our professional, as well as our personal lives. The founder of social network Family Bhive, Caroline Garnham, discusses how old ways of marketing may be falling by the wayside and the benefits of online platforms.
60% of family businesses soar despite downturn
Almost two-thirds of family businesses have reported revenue growth of at least 5% in the prior year outperforming many of their larger rivals, research from Credit Suisse has found.
BlackRock fined £9.5m for client asset breaches
The UK Financial Services Authority (FSA) has fined BlackRock Investment Management Limited (BIM) £9.5m ($15.3m) for failing to protect client money adequately.
Amanie Advisors opens new unit in Oman
Amanie Advisors, a Shariah advisory firm, has opened a new office in the Omani capital, Muscat. The launch follows the 2011 decree that authorizes Islamic banking operations in Oman.