All articles by Verdict Staff
Verdict Staff
Tilney Bestinvest posts £17.6m profit in 2015
British wealth manager Tilney Bestinvest has reported a profit of £17.6m, before tax and other costs, for 12 months to 31 December 2015.
Phoenix Group to buy AXA Wealth
Phoenix Group Holdings subsidiary Pearl Life Holdings has agreed to buy Axas UK investment, pensions and protection businesses, Axa Wealth and SunLife, in a cash deal worth £375m.
Mossack Fonseca to cease operations in Jersey, Isle of Man, Gibraltar
Mossack Fonseca, the Panama-based offshore law firm at the centre of the Panama Papers scandal, is set to shut down its operations in Jersey, Isle of Man and Gibraltar.
CIBC wealth arm income slumps 12% in Q2
The wealth management arm of Canadian Imperial Bank of Commerce (CIBC) has reported a net income of C$113m for the second quarter of fiscal 2016, down 12% from C$128m a year ago.
Neptune names investment director and stock strategy head
Neptune Investment Management has appointed Robin Milway as its new investment director and head of stock strategy.
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Richardson GMP sets up new office in Halifax
Canadian wealth management firm Richardson GMP has launched a new office in Purdy’s Wharf in the downtown core of Halifax, Nova Scotia.
Swiss government introduces law to seize and repatriate illicitly acquired wealth
The government of Switzerland has decided to implement a new law that will make it easier to seize and repatriate illicit wealth stashed in Swiss banks by foreign dictators.
RBC wealth unit Q2 income surges 42%
The wealth management arm of Royal Bank of Canada (RBC) has posted a net income of C$386m for the second quarter of fiscal 2016, a rise of 42% compared to a year ago.
Raymond James to buy Canadian private-wealth manager 3Macs
Raymond James, the Canadian arm of Raymond James Financial, has agreed to acquire independent Canadian private-wealth manager MacDougall, MacDougall & MacTier (3Macs) for an undisclosed amount.
Vanguard names new CFO
American investment management firm Vanguard has appointed Michael Rollings as its new CFO and head of finance division, replacing managing director Glenn Reed.