All articles by Verdict Staff
Verdict Staff
HSBC new new head of retail banking and wealth management in Qatar
HSBC Bank Middle East Limited has appointed Kris Werner as the head of retail banking and wealth management for its Qatar division.
Raymond James appoints Morgan Keegan CEO as president
The Raymond James Financial has officially named Morgan Keegan CEO John Carson president. He will also oversee Fixed Income and Public Finance business of the company.
Cofunds pre-tax profit declines by 10% in 2011
Cofunds, a UK-based independent online financial planning platform, has posted a pre-tax profit of GBP7.1 million for the year 2011, a decline of 10% compared to the GBP7.9 million profit posted for 2010.
Pictet & Cie wealth arm gets HKMA licence
The Hong Kong Monetary Authority (HKMA) has granted Pictet & Cie a full banking licence for its wealth management arm. Hong Kong will now serve as one of the five booking centres globally, complementing Pictets existing bank in Singapore, Pictet said The Swiss bank claims to have in been operation in Asia for 25 years.
Sberbank-Troika Dialog appoint head of private banking
Russia-based bank Sberbank-Troika Dialog has appointed Elena Shilina as the head of private banking.
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Iveagh scraps performance fee on Wealth Fund
Iveagh, the London-based fund management business backed by the Guinness family, has scrapped performance fee from its Wealth Fund.
European markets will continue to be major source of volatility, Standish report
The European markets are likely to continue to be a significant source of volatility as divisions within the European Central Bank (ECB) inhibit its ability to put the region on a firmer footing, according to Standish Mellon Asset Management Company, the fixed income specialist for BNY Mellon.
Former BofA wealth management chief joins advisory board of GBI
Sallie Krawcheck, who until last September headed Bank of America’s Global Wealth Management group, has been named to the advisory board of Gold Bullion International (GBI), which connects institutional investors and wealthy individuals with sellers of precious metals.
South Africa to establish dedicated unit to handle tax affairs of HNWIs
In a bid to target wealthy individuals who indulge in tax evasion, South African Revenue Service (SARS) is planning to establish a dedicated unit to handle the tax affairs of the HNWIs.
Credit Suisse makes senior appointments in Asia Pacific Research team
Credit Suisse has made some senior appointments in its Private Banking Asia Pacific Research team.