All articles by Verdict Staff
Verdict Staff
Wegelin & Co. to forfeit US $16 million
Due to being charged with helping US taxpayers evade more than US$1.2 billion from the Internal Revenue Service, the 270-year-old Swiss bank Wegelin & Co., has been charged by a US judge to forfeit US $16 million.
Vestmark launches comprehensive compliance solutions for fee-based accounts
Vestmark, an innovator of wealth management technology, has introduced new compliance solutions for fee-based accounts within VestmarkONE.
Charles Carroll Financial Partners selects ViziApps mobile business app platform
Charles Carroll Financial Partners, which manages over $30 million in assets, has selected the ViziApps mobile business app platform to create its mobile business app for the iPad.
US bank opens new unit in Seattle
US bank, a provider of wealth management and private banking services has appointed Brian Vowinkel as the regional managing director for Ascent Private Capital Management of the US Bank in Seattle.
Schroders unveils Managed Monthly High Income Fund
Schroders has launched the Managed Monthly High Income Fund, a fund-of-funds vehicle investing in a selection of Schroder Maximiser and Schroder Fixed Income unit trusts, which will be available to investors from 21 May 2012.
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Schroders launches Managed Monthly High Income Fund
UK-based Schroders Investment Management Limited has launched Managed Monthly High Income Fund.
Barclays continues expansion in Singapore
As a part of its expansion plans in Singapore, Barclay’s wealth and investment management division has appointed four senior private bankers in Singapore.
SEB: First quarter of 2012: Operating profit SEK 3.7bn
“Our relationship banking model has generated a robust first quarter and profit before credit loss provisions increased by 2 per cent. The number of customers increased in all segments and asset gathering activities continued to attract net new money. Costs developed according to plan and asset quality has remained strong.
SEC appoints associate director for Regulatory Policy and Investment Adviser Regulation
The Securities and Exchange Commission (SEC) has appointed Diane Blizzard as the associate director for Regulatory Policy and Investment Adviser Regulation in the Division of Investment Management.
BNY Mellon Q1 net income declines
The Bank of New York Mellon (BNY Mellon) has reported a net income of US$619 million, or US$0.52 per common share for the first quarter of 2012, down from US$625 million, or US$0.50 per common share, in the corresponding quarter of 2011.