All articles by Verdict Staff
Verdict Staff
Swiss bank regulations favorable: Fitch
The move by Swiss National Bank (SNB) to make UBS and Credit Suisse Group reduce their leverage and cut dividends have showed that Switzerland continues to maintain one of the strictest regulatory frameworks for banks, according to Fitch Ratings.
ADIB launches Wealth Management Solutions Centre
Islamic financial services institution, Abu Dhabi Islamic Bank (ADIB), has launched a new initiative aimed at more accessible financial education, called ADIB Wealth Management Solutions Centre on its website.
Rothschild appoints co-head of Southeast Asian operations
Rothschild Group, a private Swiss banking group, has appointed Peter Wheeler, former Goldman Sachs Group Inc and Standard Chartered Plc banker as co-head of its Southeast Asian operations and an executive vice-chairman.
Broadstone, SEI tie up in platform offering
UK-based IFA firm Broadstone Pensions and Investments has selected wealth management solution provider SEI to power its platform offering.
SEC names head of new credit rating oversight office
US-based enforcement agency, Securities and Exchange Commission (SEC) has appointed Thomas Butler as the head of its new Office of Credit Ratings.
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APAC millionaires overtake North America
Asia-Pacific (APAC) is now home to the highest number of millionaires in the world, overtaking a declining North America. According to the RBC and Capgemini 2012 World Wealth Report (WWR), 3.37m high net worth individuals (HNWIs) live in APAC, 20,000 more than in North America and a 1.6% increase on 2010. North America is also the only area of the world where the number of millionaires decreased (-1.1%).
KKR enters into agreement to acquire Prisma
Kohlberg Kravis Roberts & Co. L.P. (KKR), a global investment firm, has entered into an agreement to acquire Prisma Capital Partners LP (Prisma), a provider of customized hedge fund solutions.
Commonwealth Private marks fourth straight win at Australian Private Banking Awards
Commonwealth Private was last night recognised as the “Outstanding Institution” in the $1 – $10 million category at the Australian Private Banking Awards, taking out the category for the fourth consecutive year.
Financial Advisors lack access to information on Held-Away Assets: Survey
Fiserv, Inc., a provider of financial services technology solutions, has revealed the results of its annual financial advisor survey saying that financial advisors currently lack access to the aggregated account data needed to offer them with a complete view of their clients’ finances.
HSBC unveils Chinese Renminbi fixed income fund for US investors
HSBC Global Asset Management (USA) Inc. has launched a Chinese Renminbi (RMB) fixed income mutual fund for US investors to access China’s growing offshore bond market and to participate in any potential appreciation in China’s currency.