All articles by Verdict Staff

Verdict Staff

Ironshore expands private insurance portfolio to affluent clients in Connecticut

Specialty insurer Ironshore Private Client Group has expanded its Private Insurance Portfolio offering for HNW homeowners in Connecticut with immediate effect.

BlackRock names new country head of Australia

Asset manager BlackRock has appointed Dominik Rohe as the new country head of Australia, replacing Justin Arter.

Julius Baer realigns organisational structure

Swiss private banking group Julius Baer has realigned its organisational structure that includes simplification of its regional divisions and changes within its executive board to strengthen client orientation and improve efficiency.

Emirates NBD H1 profit rises 12%

Emirates NBD has reported net profit of AED3.72bn for the first half of 2016, up 12% compared to AED3.31bn a year ago.

Bank of America wealth arm registers 8% rise in Q2 income

The Global Wealth and Investment Management unit of Bank of America has reported net income of $722m for the second quarter of 2016, an up 7.9% compared to $669m a year ago.

RBI sets up working group to study fintech-related issues

The Reserve Bank of India (RBI) has formed an inter-regulatory working group to study issues on financial technology and digital banking in the country.

Qatar’s royal family becomes biggest shareholder in Deutsche Bank

Qatar’s royal family has increased its stake in German banking group Deutsche Bank to nearly 10% for an undisclosed amount.

Marathon Asset Management deploys SimCorp’s client communications and reporting suite

Marathon Asset Management, a London-based investment manage, has selected SimCorp’s end-to-end client communications and reporting suite SimCorp Coric to replace its legacy reporting technology.

Aviva relaunches face-to-face advice service

Aviva is set to re-launch its face-to-face advice service in the UK by the end of the year.

Citigroup Q2 income drops 14%; private bank revenues down 1%

Citigroup has reported adjusted net income of $4bn for the second quarter of 2016, down 14% compared to $4.6bn in the year-ago quarter.