All articles by Verdict Staff
Verdict Staff
Scotia Private Client Group launches Scotia Private Corporate Class Pools
Canada-based Scotia Private Client Group has launched an investment solution called Scotia Private Corporate Class Pools, that is geared to HNW Canadians looking to build wealth by deferring and minimizing the taxes they pay on non-registered investments.
Axa Wealth International trials offer for bond investors
UK-based wealth management group, Axa Wealth International is offering investors a break on their offshore bond charges if they choose their bond investments from the AXA-owned Architas multi-asset funds range, on a guided architecture basis, International Adviser stated.
Wolters Kluwer Financial Services launches Regulatory Change Management Solution
Wolters Kluwer Financial Services, a provide of compliance and risk management solutions for financial services has launched a Regulatory Change Management Solution for UK-based regulated firms and individual financial organizations.
Old Mutual Wealth Management appoints new COO
UK-based Old Mutual Wealth Management (OMWM) has appointed Jeremy Charles as its chief operating officer (COO).
France launches $2.8bn tax raid on HNWI
François Hollandes government is to tax French high net worth individuals (HNWIs) a total of 2.3bn ($2.8bn), to tackle the countrys deficit.
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French HNIs targetted for taxes
The French government has unveiled a round of tax increases for corporations, wealthy householders and holiday home owners aimed at cutting its deficit.
SCOBAN slowly moving towards launch
SCOBAN, the new UK private bank founded by former Adam & Co chairman Ray Entwistle, has raised 5m ($7.7m) in its second funding round, but the total is still 70m short of the amount it has targeted to enable it to open.
IFAs should retain independent status post-RDR
The UK-based financial services regulatory authority, Financial Services Authority (FSA) said that even after the retail distribution review (RDR), advisors must retain their independent status.
UBS to invest up to $350m in APAC: Zeltner
UBS wealth management CEO Jrg Zeltner said the bank is to grow its investments in the Asia-Pacific (APAC) area to 3-5% of its total income in the next few years This means UBS will inject up to CHF350m ($358m) in the region, based on an estimated annual total income of CHF7bn at the wealth management division.
LGT poaches Merrill’s Middle East wealth chief
Liechtenstein-based private bank, LGT group has appointed Tamer Rashad from Bank of America Merrill Lynch to run its newly established wealth management business in the Middle East.