All articles by Verdict Staff
Verdict Staff
Julius Baer signs JV with Bank of China
Julius Baer has entered into its second major joint venture in the Asia-Pacific region signing a partnership agreement with Bank of China (BOC) Under the agreement, BOC will refer its clients with international private banking needs outside Chinese mainland to Julius Baer, while the Swiss bank will do the same for its clients requiring banking services in China
Morgan Stanley wealth management business records profit margin in Q2
The wealth management business of Morgan Stanley has reported pre-tax income from continuing operations of US$387 million compared with US$344 million in the first quarter of last year.
Eurozone crisis: Testing times for wealth managers
Umberto Bacchi gathered the views of six private banks on their preference for corporate bonds and the likelihood of a unified euro treasury-issued euro bond European governments latest measures to sail the eurozone out of the storm have been good enough to get private banks words of praise and support but not their clients money.
Merrill Lynch 1H income up, revenue down
Bank of America Merrill Lynchs (BofA) global wealth and investment management (GWIM) division reported a 3% rise in net income, up to $1.09bn in the first six months of 2012 compared to the same period in 2011.
Coutts again adds to Asia advisor team
UK-based Coutts, a provider of private banking and wealth management services, has appointed Johnny Heng as Asia head of active advisory, thereby leading to the addition into its growing Asia adviser team.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Most Americans support tax hike for the rich, poll
The recent Pew poll has shown that most Americans support raising taxes on the rich by a two-to-one margin, believing that an increase would both help the economy and make the tax system fairer.
Advisors positively influence consumers’ behavior, research
US-based research and consulting firm, LIMRA in its research results has shown that the consumers who rely on financial advisors are more likely to be saving in a retirement plan and to be saving at a higher rate than those without an advisor.
Credit Suisse Q2 net profit rise, plans capital boost and cost cuts
Switzerland-based global financial services company Credit Suisse, in its Q2 results has reported a net profit rise and has also stated its plans to infuse capital.
Forward joins Genworth Wealth Management, will launch multi-asset income solution
Asset management firm Forward has joined Genworth Wealth Management, where it will introduce its new multi-asset income solution.
Oppenheimer opens new branch in Isle of Jersey
Oppenheimer Europe Ltd., a subsidiary of Oppenheimer Holdings, has opened a new branch on the Isle of Jersey as part of its London Fixed Income business.