All articles by Verdict Staff

Verdict Staff

Northern Trust to expand its Global Family Office team

As a part of its strategy to build the global family office team, US-based wealth manager Northern Trust has appointed Daniel Lindley to the London-based role of managing director, Global Family & Private Investment Offices Group; EMEA and APAC.

Wells Capital buys Reeves Investment Management

US-based Wells Capital has acquired British discretionary firm Reeves Investment Management in a deal which increases its AUM by over GBP50m to GBP135 million.

Barclays’ wealth unit registers 30% rise in Q1 pre-tax profit

Barclays’ wealth and investment management division reported pre-tax profit GBP60 million for the first quarter of 2012m, an increase of 30% compared to GBP46 million in the year ago quarter.

Barclays, MSCI Announce to create global ESG fixed income Indices

Barclays and MSCI, a provider of investment decision support tools, have partnered to create a family of co-branded Environmental, Social & Governance (ESG) fixed income indices.

Wealth management drives UBS profit

Aided by better performance from its Wealth Management division, UBS AG ( UBS ) has posted a sequential rise in profit in the first quarter of 2012.

Ascent Software launches financial software in Jersey

Malta-based Ascent Software has launched a new cash management software to manage cash pooling and treasury services within the Jersey financial jurisdiction.

Family Office Exchange appoints president

US-based Family Office Exchange (FOX), a global organization that helps wealthy families and their advisors master the challenges unique to families of wealth has appointed Alexandre Monnier as its president.

US Institutional Plan gained in the start of 2012, study

A study by Northern Trust has revealed that US Institutional Plan sponsors in the Northern Trust Universe has gained around 7% at the median in Q1 2012, the positive results of which were attributed to the strong equity market performance.

Barclays appoints director of UK Charities Investment Management

The wealth and investment management division of Barclays has appointed Edward Kirwan as director of UK Charities Investment Management.

Code Advisors clinches investment from JPMorgan Chase

Code Advisors, a next generation investment bank that provides advisory and financing services has clinched a US$25 million minority investment from JPMorgan Chase.