All articles by Verdict Staff
Verdict Staff
Lloyds TSB Private Banking hires head of HNW for Middle East
The Private Banking arm of Lloyds Banking Group has hired Anthony Valgimigli to head its HNW business in the Middle East.
NFP announces net income of US$4.9 million for Q2 2012
US-based National Financial Partners (NFP), a provider of wealth management services has declared a net income of US$4.9 million for second quarter ended June 30, 2012 or US$0.12 per diluted share, compared with net income of US$9.5 million, or US$0.21 per diluted share, in the prior year period.
Cantor Fitzgerald launches corporate advisory business in Europe
Cantor Fitzgerald Europe (Cantor) has launched a corporate advisory business and has expanded brokerage services in Europe with 17 key appointments.
RBC Wealth Management appoints head of credit
RBC Wealth Management, part of Royal Bank of Canada, has appointed Ojan Jamkhou as head of credit for its global trust and wealth management, UK businesses.
HighView Financial acquires Bull Wealth Management
Canada-based HighView Financial, a privately held manager with about US$1.5 billion under management, has acquired Bull Wealth Management Group of Companies.
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UBS Q2: Wealth units post mixed pre-tax results
UBSs wealth divisions saw mixed results in the second quarter as its wealth management units pre-tax profit slumped 37% to CHF502m ($513m) in the three months to 30 June.
Wealth management industry not attuned to needs of young investors, research
According to the recent Aite Group Research, wealth management industry is not adequately tuned to the needs of young investors.
Ukranian president favors wealth tax
Ukranian President Viktor Yanukovych is favouring the introduction of wealth tax, Ukrainian News Agency reported.
Brewin reports increase in discretionary funds under management for Q2
UK-based investment manager Brewin Dolphin has reported an increase in the discretionary funds under management, up 10.3% to GBP17.2 billion; and total managed funds, up 4.2% from the end of September 2011 to the end of June 2012 to GBP25 billion.
London & Capital appoints chief investment officer
UK-based London & Capital (L&C), an independent wealth management firm has appointed Pau Morilla-Giner as its new chief investment officer, replacing Ashok Shah.