All articles by Verdict Staff
Verdict Staff
Coutts appoints Sabrina Del Prete as head of client
London – Coutts is pleased to announce the appointment of Sabrina Del Prete as Managing Director, Head of Client Solutions, effective today. In this newly-created role, Sabrina will lead the Client Solutions team internationally. She will report to Ian Ewart, Managing Director, Head of Products, Services and Marketing.
Rich Suburbs: Sandhurst has the most multi-millionaires in South Africa
This press release is part of WealthInsight’s report on South Africa, entitled: South Africa – The Future of HNWIs to 2016: The Rise of African Wealth.
Alexandra & James selects Dynasty Financial Partners wealth management platform
Alexandra & James, LLC, which comprises the Alexandra & James wealth management and Lebenthal institutional investment banking businesses, has selected Dynasty Financial Partners open-architecture platform of wealth management services and technology.
Russia drafts new legislation to give tax authorities access to private bank accounts
In a new initiative aimed at increasing the transparency of the country’s financial market, Russia’s Economic Development Ministry has issued a new draft proposal that requires banks in the country to disclose information on private accounts at the request of tax authorities, reported The Moscow Times.
HK regulator fines Merrill Lynch HK$3.5m
The Hong Kong Securities and Futures Commission (SFC) has fined Merrill Lynch (Asia Pacific) HK$3.5m ($450,000) for committing regulatory breaches.
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Citigroup Private Bank to redeem US$410 million from Paulson
Citigroup Private Bank is all set to redeem around US$410 million from Paulson, the hedge fund in order to reverse its record losses in 2011.
RBC Wealth Management makes changes to senior leadership team
RBC Wealth Management, part of Royal Bank of Canada has made changes to its senior leadership team by the appointment of deputy chair, head of global trust.
Canadian investor satisfaction declines, study
The recent report by JD Power and Associates has revealed that Canadian full service investor satisfaction has declined for the second consecutive year as investor relationships with advisors weakens.
Itaú AM gains FSA approval for new UK branch
Itaú Unibancos asset management business has received Financial Services Authority (FSA) approval for a new division in the UK.
Spanish private banks expand services to counter economic woes
As the prospect of a full eurozone bailout looms large in Spain, private banks are looking for more innovative ways to differentiate themselves from their competitors Maryrose Fison finds that enhanced services and client segmentation are at the forefront of wealth management businesses growth strategies.