All articles by Verdict Staff
Verdict Staff
Northern Trust hires for global client solutions role
US-based Northern Trust, a provider of wealth management services, has appointed Tony Glickman to its global client solutions role.
BridgePortfolio inks five-year contract extension with Fiserv
US-based BridgePortfolio, has signed a five-year contract extension with Fiserv, a provider of financial services technology solutions to use its suite of portfolio management and trading solutions.
Capital Guardian appoints president of wealth management
US-based wealth management firm Capital Guardian has appointed Scott Chaisson as the president of wealth management.
Franklin Templeton launches Brazil Opportunities fund
US-based global investment management firm, Franklin Templeton has launched a Brazilian Opportunities fund that targets total return from Brazilian equity, fixed income and currency markets.
Bravura Solutions enhances Garradin tax platform
Australia-based Bravura Solutions (Bravura), a supplier of wealth management software applications and related professional services, has enhanced its Garradin private wealth and portfolio administration solution to support clients with legislative change to taxation.
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OCBC Group net profit increases by 23% in H1
Oversea-Chinese Banking Corporation Limited (OCBC Bank) achieved record net profit of S$1,480 million for the first half of 2012 (1H12), an increase of 23% from S$1,205 million a year ago (1H11). The record results were driven by robust net interest income growth, higher fee, trading and investment income, and healthy insurance revenue from Great Eastern Holdings (GEH).
Mattioli Woods appoints director and chair of audit committee
UK-based wealth management company, Mattioli Woods has appointed Joanne Lake to the board as a non-executive director and chair of the audit committee with immediate effect.
SocGen revenues down 13%, AuM up on H1 2011
Revenues at Societe Generale Private Banking (SGPB) fell by 12.6% from the second quarter of 2011 to 174m as a result of an operating loss of 9m which occurred in Asia.
KBC closes sale of KBL to Precision
KBC have finalised the sale of its private-banking unit, KBL, for approximately 1bn ($1.23bn) to Precision Capital, a company representing a Qatari investors interests.The deal, announced on 10 October 2011, is set to release around 700m in capital for KBC.
Safra completes Sarasin buy-out
Safra Group has completed its acquisition of Rabobanks majority stake in Bank Sarasin and has launched its offer for publicly held registered B shares of Bank Sarasin at CHF27.00 (US 27.66) per share.