All articles by Verdict Staff
Verdict Staff
Crystal Wealth Partners launches unified managed account solution
Crystal Wealth Partners has launched a unified managed account solution called the Crystal Wealth Managed Account Service.
Wegelin again refuses to appear before US court
Swiss private bank Wegelin, which was declared fugitive by US court after it failed to appear before New York court for the opening of criminal proceedings in tax matters, has once again refused to appear before a US court claiming the summons was “invalid.”
Barclays boosts wealth and investment management team in New York
Barclays has hired four Investment Representatives who will be based in New York in the Wealth and Investment Management division.
Stamford eyes to raise US$100 Million for Bordeaux Wines, Jade antiques
Singapore-based family office Stamford Management Group planning to raise US$100 million from investors as it opens up funds that buy French Bordeaux wines and jade antiques, according to a report published by Bloomberg.
Ultra-wealthy to transfer US$27 trillion to new next-generation by 2050
An estimated US$27 trillion of wealth is expected to pass from one ultra-high net worth generation to the next by 2050, according to a new next-generation study by Morgan Stanley Private Wealth Management and Campden Wealth.
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FSA fines Swiss private bank for anti-money laundering control failings
The Financial Services Authority (FSA) has fined Swiss private bank Habib Bank AG Zurich GBP525,000 and its former money laundering reporting officer (MLRO) Syed Itrat Hussain GBP17,500 for failure to take reasonable care to establish and maintain adequate anti-money laundering (AML) systems and controls.
Barclays launches Corporate Wealth Advisory team
Barclays Corporate & Employer Solutions (C&ES), the division established last year, has launched a Corporate Wealth Advisory team to complement its existing Employee Benefit Consulting team.
Northern Trust appoints Middle East head
US-based Northern Trust has appointed Sheldon Woldt to the newly created role of head of the Middle East region.
Cedrus Investments to open unit in Jakarta, Indonesia
Cedrus Investments, a Cayman Islands-based provider of private wealth management, asset management and financial advisory services, has said that it will open a representative office in Jakarta, Indonesia later this year.
Fieldpoint Private appoints managing director
Fieldpoint Private, a US-based wealth advisory and private banking firm, has appointed Jeffrey Ferraro as the managing director.