All articles by Verdict Staff
Verdict Staff
HSBC offers MENA bonds and sukuks platform for Qatar customers
HSBC has launched MENA bonds and sukuks platform to enable easy access for the banks retail customers in Qatar.
Wells Fargo appoints head of Abbot Downing
Wells Fargo has appointed investment banking veteran Joseph Colianni as the head of banking of Abbot Downing, which caters to America’s wealthiest households.
Killik & Co re-launches in Chelsea
UK-based advisory broker and wealth manager, Killik & Co, has reopened its Chelsea branch.
Schroders appoints head of private bank in Spain
Schroders has appointed Diego Cavero Mitjans as the head of the representative office of Schroders & Co Bank, the firm’s private banking business in Spain.
Nucleus appoints investment operations manager for wrap operations team
UK-based IFA, Nucleus has appointed Martin Leckie as the investment operations manager of its wrap operations team.
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Isle of Man, Czech Republic tax agreement comes to force
The Isle of Man’s Tax Information Exchange Agreement (TIEA) with Czech Republic has entered into force on 18 May 2012.
The case for the anti-social network
Although most forms of social media are unsuitable for private banks, they are in the unique position to capitalise on building exclusive networking platforms. The owner of digital
consultancy Onomatic says it is time to start reaping the benefits of being anti-social
Barclays launches Comet for UK wealth managers
Barclays has launched an online pricing and execution platform, Comet, into the UK market aiming to transform the way wealth managers transact flow structured products. Designed by Barclays e-commerce business BARX, it allows wealth mangers to price trade and execute tailored structured investments across equity indices, stocks, Exchange Traded Funds (ETF), American Depositary Receipt (ADR) and precious metals such as gold, silver, palladium and platinum. Comet is currently available to wealth managers across Europe, US and Asia, handling more than 90,000 intraday pricing requests a month, the bank said.
Family offices face consolidation: GenSpring
Regulatory pressure and client demand is driving a wave of consolidation as many single family offices (SFOs) acting for wealthy cross-border families look to join multi-family offices (MFOs), according to a MFO head. In the past year we have been hired by several SFOs who decided, with the US new rulings, to be regulated and register,” said Santiago Ulloa, president of US-based GenSpring Family Offices International. It didnt make sense for them to keep being a SFO with their own staff it makes more sense to hire multi-family offices to do part of the work.”
Flavel: JP Morgan’s HNW unit starts strongly
JP Morgan has built a reputation as the go-to bank for the super-rich; even the significantly wealthy have sometimes thought the bank was beyond their reach JP Morgans venture to tap into high net worth (HNW) clients, those with up to $30m of investable assets, made its debut in Asia about a year ago, in an important strategic move to broaden business among the wealthy outside the US.