All articles by Verdict Staff
Verdict Staff
PrimeVest launches new brokerage platform
PrimeVest Financial Services has launched a self-directed brokerage platform that is aimed at helping banks and credit unions satisfy growing investor appetite for online trading and self-service investing capabilities.
EFG International appoints chief financial officer
Swiss-based EFG International has appointed Giorgio Pradelli as its new chief financial officer.
Credit Suisse makes two senior level appointments
Credit Suisse has appointed Antonio Quintella and Robert Shafir to its executive board with effect from 31 May 2012.
Maybank nine months net profit up 13.4% to RM3.3b
Maybank today announced a 13.4% rise in Group profit after tax and minority interest
(PATAMI) for the nine months ended March 2011 to RM3.3 billion compared with the
RM2.91 billion recorded in the previous corresponding period ended March 2010. Group
pre-tax profit rose 13.2% to RM4.54 billion compared to RM4.01 billion previously.
OCBC Group net profit increases by 32% in Q1
Oversea-Chinese Banking Corporation Limited (OCBC Bank) reported a record quarterly net profit of S$832 million for the first quarter of 2012 (1Q12), up 32% from a year ago and 40% from the previous quarter. Core net profit, which excludes gains from the divestment of non-core assets, was S$790 million, up 33% year-on-year and 33% quarter-on-quarter. Performance during the quarter was underpinned by robust growth in the Groups customer-related businesses and a strong increase in market-related income.
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Q1: Crédit Agricole AuM 2.3% up QoQ, constant YoY
Assets under management (AuM) at Crdit Agricoles (CA) private banking unit rose 2.3% to 129.2bn ($167bn) in the first quarter due to a 3.4% rise in LCL Banque Prives AuM. While AuM witnessed some favourable currency effect in last three months, international operations were adversely affected by instability in the euro zone and customer mistrust of European banks, the bank said
Ashcourt Rowan selects Axa Wealth Elevate platform
Ashcourt Rowan, a provider of wealth management services in the UK, has selected Axa Wealths Elevate platform to offer its discretionary fund management services.
AFH enters into JV agreement with Broomfield & Alexander
Wealth manager and independent financial advisory (IFA) firm AFH has entered into a Joint Venture (JV) agreement with Broomfield & Alexander.
Williams de Broe appoints new chief executive
UK-based wealth management firm Williams de Broe has appointed Jonathan Wragg from Investec Wealth & Investment as its new chief executive.
Fidelity Investments launched two global equity income funds
Fidelity Investments has launched its first global equity income funds: Fidelity Global Equity Income Fund, which will be available directly to investors and Fidelity Advisor Global Equity Income Fund, which will be available through financial advisors.