All articles by Verdict Staff
Verdict Staff
deVere opens office in Penang, Malaysia
International financial consultancy firm, deVere Group has obtained a licence by the Labuan Offshore Financial Services Authority (LOFSA) to open a new office in Penang in North Malaysia.
Perspective Financial Group may forfeit independence status
National IFA firm Perspective Financial Group told FTAdviser that it is still in talks over whether it will attempt to retain its independent status post-2012, saying that if it feels it does not meet regulators stricter definition it will adopt a restricted model.
Specialist Investment Management chooses SS&C’s Global Wealth Platform
Australian wealth management firm, Specialist Investment Management has selected SS&C Technologies’ Global Wealth Platform to support its Australian wealth management business.
Coutts appoints head of tax and wealth structuring international
Coutts, the wealth division of Royal Bank of Scotland Group has appointed Armando Rosselli as the executive director, head of tax and wealth structuring (TWS) international.
Regulation top-of-mind for family offices
New taxes and regulations concern family offices more than market volatility, research suggests. According to a survey by J.P. Morgan Private Bank, 23% of family offices around the world said the evolving tax and regulatory environment currently is their main source of worry.
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Credit Suisse sells stake in Aberdeen
Credit Suisse has sold off its remaining 7% stake in Aberdeen Asset Management, adding more than GBP200 million to its third-quarter results.
Broadridge launches Smart Advisor in partnership with BlueRush
US-based Broadridge Financial Solutions, a provider of financial services technology solutions, in partnership with BlueRush Digital Media, a digital technology firm has launched Smart Advisor, a next generation online communication delivery solution.
FSA to scritinize direct sales practices
FSA chairman Lord Adair Turner has confirmed that the regulator will scrutinize the sales practices in direct sales forces ahead of a potential clampdown, MoneyMarket reported.
Liechtensteinische Landesbank hires new private banking head
Liechtensteinische Landesbank (LLB Group) has appointed Gabriel Brenna as head of its Private Banking division and as a member of the group executive management and the board of management effective 1 October 2012.
Julius Baer sends 2,500 names to US probe authorities
Swiss bank Julius Baer has handed over to US authorities the names of 2,500 employees who could have helped clients avoid paying tax in the US, reported Swiss newspaper Le Temps.