All articles by Verdict Staff
Verdict Staff
Presidio Group opens new office in Chicago
The Presidio Group, a capital advisory firm with nearly $4 billion in client assets, has opened a new office in Chicago with the appointment of Thomas Smith as a managing director in its Capital Advisors unit.
Aligned Capital acquires shares of Money Managers
Aligned Capital Distribution Inc. (Aligned Capital) has acquired all of the issued and outstanding shares of Money Managers Inc., an independent investment dealer that offered wealth management products to Ontario clients since 1999.
HSBC to merge with Oman International Bank
HSBC is all set to merge its wholly-owned Oman operations, HSBC Bank Middle East with Oman International Bank (OIB) after it has received a formal regulatory approval to merge its business in Oman.
Guardian Wealth makes expansion plans in UK
As a part of its expansion plans in the UK, Guardian Wealth Management has appointed Marlene Shalton as the managing director of financial planning practice to develop the UK operations.
Advisors offering low risk products: KPMG report
The latest report on UK wealth management for 2012 by KPMG has raised concerns over the impact of regulation leading to advisors offering low risk products.
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Ashcourt Rowan managers join Walker Crips
In a deal worth GBP425,000, six investment managers from Ashcourt Rowans subsidiary Savoy Investment Management have joined Walker Crips.
Kleinwort Benson gets co-investors for BHF buy
Kleinwort Benson Group is a step closer to the purchase of BHF Bank, as the RHJ International owned private bank has secured the support of co-investors to finance the acquisition.
Wells Fargo Advisors appoints FiNet president
Wells Fargo Advisors, a subsidiary of brokerage firm Wells Fargo, has appointed Kent Christian, currently head of the firm’s Financial Services Group, as president of Wells Fargo Advisors Financial Network (FiNet).
UBS appoints new chief investment officer for wealth management units
UBS AG, a Switzerland-based financial services company, has appointed Alexander Friedman as the global chief investment officer for both of its wealth management units.
Trustmark Corporation and BancTrust Financial Group to merge
Trustmark Corporation, a bank providing commercial, retail, and personal banking, risk and wealth management services, has signed a definite agreement to merge with BancTrust Financial Group, a commercial bank providing personal and business banking, mortgages and loan services, for a consideration of approximately US$55.4 million.