All articles by Verdict Staff
Verdict Staff
Indian HNWI stashed away at least US$72.7 billion offshore, Tax Justice Network
A research conducted by campaign group Tax Justice Network has revealed that at least US$72.7 billion of wealth has been stashed away by Indian HNWIs to secretive offshore jurisdictions between 1976 and 2010.
Barclays boosts wealth advisory business
Barclays is building out its wealth advisory business, increasing its employee solutions (C&ES) unit launched in the UK last year, and focusing its Asian offering around its Singapore business.
S Korea’s illegal wealth transfers on the rise in recent years
Yonhap News Agency has stated that in the recent years the amount of illegal offshore wealth transfers by South Korean businesses and individuals has been on a rise, despite the government’s intensifying efforts to crack down on tax evasion attempts.
Majority of HNW investors positive about Eurozone, study
A study by JP Morgan Private Bank has revealed that 75% of the HNW investors in Europe believe that Eurozone will survive the ongoing crisis, possibly with changes to the current structure.
U.S. Bank Wealth Management appoints new chief operating officer
U.S. Bank, a provider of wealth management and private banking services, has appointed Gailyn Johnson as the chief operating officer for US Bank Wealth Management.
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Investors fear downfall in global corporate profits, survey
A survey conducted by BofA Merrill Lynch Fund Manager has revealed that due to eurozone concerns, confidence of investors on global corporate profits has been on a decline.
Dynasty Financial Partners appoints SVP of RIA & Transition services
Dynasty Financial Partners, a New York-based wealth management start-up, has appointed John Sullivan as senior vice president of RIA & Transition Services.
Wealth management firms consider regulatory changes as biggest challenge
According to the SEI Quick poll, 58% of wealth management firms polled have cited regulatory changes as biggest challenge and majority have added that they are confident about their firms meeting the new regulations.
Matrix Financial Solutions enhances RetireTool(k)it
Matrix Financial Solutions, a part of TrueOpen Architecture retirement plan products and services provider, Broadridge Financial Solutions, Inc., has enhanced Matrix RetireTool(k)it, a part of the Matrix Broker/Dealer Platform.
J.P. Morgan expands investor services product team
J.P. Morgan Worldwide Securities Services (WSS) has appointed Marian Azer to the Investor Services product team as head of Global Fund Services Product for Australia and New Zealand.