All articles by Verdict Staff
Verdict Staff
Morgan Stanley signals interest in buying Citi’s remaining stake in Smith Barney
Morgan Stanley has signaled interest in buying all of Citigroup’s stake in their wealth management joint venture this year in what could be a roughly US$10 billion deal.
Directors at Brooks Macdonald sell their stake in the company
Three founders of Brooks Macdonald, a UK-based wealth management group, have sold a total of 385,000 shares for 1,275p, while insisting to be remaining committed to the company.
Lombard Odier forays into Australian wealth market through alliance with JBWere
Swiss private banking group, Lombard Odier has forayed into Australian private banking market through a partnership with local private wealth management company, JBWere.
Russell implements Bravuras eBusiness platform
Russell Investments (Russell) has adopted Bravuras ePASS online superannuation solution to facilitate the delivery of straight through processing to Prime Super, Australias industry fund for rural and regional Australia.
ICICI Bank launches Sapphiro credit card for wealthy clients
ICICI Bank has launched a credit card called Sapphiro targeted at the super-affluent segment and the banks wealth management clients.
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Charity giving gaining momentum among wealthy Indians
A survey by Bain & Company has revealed that the number of wealthy Indians indulging in charity giving has jumped by one-third in 2011.
RBC acquires private banking assets of Coutts in LatAm, Africa
Royal Bank of Canada (RBC) has agreed to buy the Latin American, Caribbean and African private banking business of Coutts, the wealth division of Royal Bank of Scotland Group.
London housing market new global currency for super-rich
Purchases of London properties by no-UK residents have reached such proportions that the city’s best properties have become a “global reserve currency” for the foreign super-rich, argues a new report published by the Institute for Public Policy Research (IPPR).
Barclays Wealth launches discretionary portfolio management service
Barclays Wealth has launched a discretionary portfolio management service (DFM) for advisors which will be offered through the intermediary market.
Saxo Bank launches online wealth management platform
Saxo Bank has launched its new online platform for mid-long term self-directed retail investors in the UK called Modern Wealth Management (MWM).