All articles by Verdict Staff
Verdict Staff
Citi extends reach in Netherlands
Citi has appointed Ruud Hendriks as a senior advisor for its markets businesses in the Netherlands, a role designed to facilitate deeper relations with Dutch investors across a wide range of asset classes.
Burns Advisory Group, Executive Financial Group merge to form Exencial Wealth Advisors
Independent wealth managers Burns Advisory Group and Executive Financial Group that had merged in 2011 have been named Exencial Wealth Advisors.
Credit Suisse Private Banking division’s income declines 27% in Q1
Credit Suisse Group’s Private Banking division has reported income before taxes of CHF625 million for the first quarter of 2012, a decline of 27% compared to CHF856 million in the comparable quarter of 2011.
Raymond James Financial Q2 income negatively impacted by acquisition-related expenses
Raymond James Financial has reported a net income of US$68.87 million, or US$0.52 per diluted share for the second quarter of fiscal 2012, compared with US$80.92 million, or US$0.64 per diluted share for the corresponding quarter of fiscal 2011.
City National Bank to buy Rochdale Investment Management
City National Bank has signed a definitive agreement to buy Rochdale Investment Management, a US$4.8 billion New York City-based investment firm that manages assets for affluent and high-net-worth clients and their financial advisors across the US.
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Savant Capital, Monitor to merge to create US$2.7B wealth firm
Savant Capital Management and The Monitor Group, two US-based independent fee-only wealth management firms, have said agreed to merge their businesses to form new multistate advisory firm.
KG Financial Software launches new CRM solution for wealth managers
India-based KG Financial Software has launched Bullfinch Wealth CRM to improve the way wealth managers engage with clients for business communications.
Societe Generale Private Banking appoints CIO in Switzerland
Societe Generale Private Banking has appointed Antoine Blouin as chief investment officer in Switzerland.
SEC charges former Morgan Stanley executive with investment adviser fraud
The Securities and Exchange Commission (SEC) has charged a former executive at Morgan Stanley with violating the Foreign Corrupt Practices Act (FCPA) as well as securities laws for investment advisers by secretly acquiring millions of dollars worth of real estate investments for himself and an influential Chinese official who in turn steered business to Morgan Stanley’s funds.
RBC to expand in the Middle East
Royal Bank of Canada (RBC) is all set to double the number of its wealth management employees in Dubai office and also open avenues for acquisition.