All articles by Verdict Staff
Verdict Staff
Reliance Cap receives IRDA nod for 26% stake sale in insurance business
The Insurance Regulatory and Development Authority (IRDA) has given an in-principal approval to the proposed plan of Reliance Capital to sell 26% stake in its insurance business to Japan’s Nippon Life Insurance.
BNY Mellon appoints director of CGS Investments
BNY Mellon has appointed Sally Rubin as director of investments with Charitable Gift Services (CGS), a planned giving provider in US.
Avaloq acquires a majority stake in B-Source from BSI
The Avaloq group, the reference for integrated and comprehensive banking solutions, has acquired a majority stake in B-Source AG, a leading banking business process outsourcer (BPO) in Switzerland, from BSI AG.
Samsung Securities posted net revenue of KRW 313.8bn in Q1
Samsung Securities posted net revenue of KRW 313.8 billion and pre-tax income of KRW 94.5 billion for FY2011 1st quarter (2011. 4. 1 ~ 2011. 6. 30) based on the consolidated financial statements under K-IFRS.
Citic Securities disposes 31% its stake in China Asset Management for $803.7m
Citic Securities has disposed 31% of its stake in China Asset Management (AMC) to three parties for approximately RMB5.14 billion (US$803.7 million).
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Itau Unibanco ventures into Chile’s wealth management market
Brazil’s private sector bank, Itau Unibanco has made its way into the Chilean wealth management market by signing an agreement to form a joint venture with Chile’s Munita, Cruzat & Claro (MCC).
OCBC Bank launches wealth panel for its Premier Banking client base
Oversea-Chinese Banking Corporation Limited (OCBC Bank) has launched OCBC Wealth Panel for its Premier Banking client base. Comprising six leading financial experts from OCBC Group OCBC Bank, OCBC Investment Research and Lion Global Investors the OCBC Wealth Panel addresses the various factors affecting investment decisions.
BSI Group to introduce new IT platform
BSI Group will introduce a new, advanced Information Technology platform based on Avaloq, an innovative solution adopted by many Swiss financial groups and already successfully implemented at our affiliate BSI Monaco SAM.
BRIC’s new breed of ultras
Russia and China now have more than 100 resident-billionaires each, and together with India have overtaken Western Europe in the number ofbnaires they produce PBI looks at Forbes latest research examining ultra high net worth trends in India and around the world.
HSBC appoints group head of wealth management
HSBC has appointed Simon Williams as the group head of wealth management with effect from 11 July 2011.