All articles by Verdict Staff
Verdict Staff
Private Wealth Management Group acquires Sterling Capital Management
US-based Private Wealth Management Group (PWMG) has acquired a financial planning and investment firm, Sterling Capital Management.
UBS make senior appointments for Asian UHNW and family office businesses
Swiss-based global financial services company, UBS has made two senior appointments for its ultra high net worth (UHNW) and global family office (GFO) businesses in Asia.
Wealth managers must be proactive amid tough markets: Study
A recent study by The Boston Consulting Group has stated that during the times of difficult market trends, wealth managers need to work more in order to raise profits.
Davy acquires Bloxham asset management business
Davy, a provider of stockbroking, wealth management and financial advisory services in Ireland, has acquired Bloxham’s asset management business which manages assets exceeding 700m in value.
Standard Chartered launches new Islamic financial solutions
Singapore-based Standard Chartered Private Bank has launched a suite of Islamic financial solutions for its clients, available from mid-June this year across its booking centres in London, Geneva, Jersey and Dubai.
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Veco Group opens first Asian office in Hong Kong
Veco Group, an independent Swiss advisory and fiduciary service business, has opened its first Asian office in Hong Kong.
Citi launches Renminbi cash and trade solutions
Citi has launched full Renminbi (RMB) cash management and trade solutions in the UK and the new service will enable Citi to offer RMB accounts domiciled in the UK, including payments and collections capabilities, trade services and financing, along with FX transactions and hedging solutions.
Advisors increasingly prefer closed-end funds: Survey
The second annual survey of financial advisors conducted on behalf of Aberdeen Asset Management by Harris Interactive has revealed that advisors are preferring closed-end funds to develop client investment solutions.
China to initiate brokerage reforms
China is proposing brokerage reforms as part of its vision to nurture future global investment banks that could eventually compete with the likes of Goldman Sachs and Morgan Stanley, according to a commission document recently distributed to securities firms.
Maybank IB, AmInvestment Bank To Arrange Westports Sukuk
AmInvestment Bank Berhad (AmInvestment Bank) and Maybank Investment Bank Berhad (Maybank IB) were appointed as the Joint Principal Advisers/Joint Lead Arrangers/Joint Lead Managers for the 20-year Sukuk Musharakah Programme of up to RM2.0 billion in nominal value (Sukuk Musharakah Programme) by Westports Malaysia Sdn Bhd (Westports).