All articles by Verdict Staff
Verdict Staff
Arbuthnot sells Swiss subsidiary to Ducartis
UK-based Arbuthnot Banking Group has sold its Swiss subsidiary Arbuthnot AG to Ducartis for CHF2 million (GBP1.38 million) in cash, only a couple of years after buying it.
Canaccord to slash around 100 positions in Collins Stewart merger
Canadian bank Canaccord plans to slash nearly 100 jobs after it completes the acquisition of UK-based Collins Stewart Hawkpoint, parent company of Collins Stewart Wealth Management.
Societe Generale Private Bankings asset allocation tool obtains certification
Societe Generale Private Bankings Dialogue & Asset Allocation has been certified by the French financial advisory company Associes en Finance.
Gold in 2012: Losing its lustre?
Gold is a traditional safe-haven investment, a port in the storm for worried investors as concerns over the Eurozone drive uncertainty
Chinese HNW: Making sense of the Mainland
The growing number of high net worth individuals in China offers unique opportunities and challenges banks may not have fully embraced
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UBS adds Matrix BD core trading platform to its Select Qualified Plan platform
UBS Wealth Management US has added Matrix Financial Solutions’ Matrix Broker/Dealer (BD) core trading platform to its Select Qualified Plan platform.
UK: Non-dom sector booming
Despite cries of doom that London would be deserted by wealthy non-domiciled people because of the increase in the annual government levy; the rich are flooding into Britain at accelerating rates Eurozone breakup fears and political instabilities in the Middle East and elsewhere, as well as the traditional attraction of London as the defining “world city” are key factors behind the new influx, say UK private bankers
Pre-tax profit at Arbuthnot’s private banking unit doubles in 2011
UK-based Arbuthnot’s private banking unit has posted a profit before tax of GBP2 million for the year 2011, which twice as much as the in the previous year.
Malta signs double taxation avoidance treaty with Guernsey
Malta and Guernsey have signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Raiffeisen Group chooses Profidata’s e-AMIS Wealth Management System
Raiffeisen Group, an Austria-based banking group, has chosen the Swiss firm Profidata’s e-AMIS Wealth Management System as the principal platform for asset management.