All articles by Verdict Staff
Verdict Staff
Rathbones collaborates with Credit Suisse to expand private client business
British wealth manager Rathbones has signed a new partnership deal with Credit Suisse to expand its private client business.
Mashreq hires new private banking and wealth management head
UAE-based lender Mashreq has named Rajesh Malkani as its new head of private banking and wealth management arm.
Raymond James fined $17m for inadequate AML programs
Raymond James & Associates (RJA) and Raymond James Financial Services (RJFS) have been fined $17m by Financial Industry Regulatory Authority (FINRA) as settlement for failures to implement adequate anti-money laundering (AML) programs.
Private Banks must address next gen needs to survive: Temenos and Forbes research
The transfer of intergenerational wealth is “reshaping the wealth management industry” – with the next generation demanding a hybrid between sophisticated technology offerings and personal advice, and private banks being plagued by low client retention rates when the transfer of wealth takes place, reveals new research launched at the Temenos Community Forum (TCF) 2016 in Barcelona. John Schaffer reports from the event
Schroders to acquire Brookfields $4bn fixed income team
British fund manager Schroders has agreed to purchase a team of securitised investment specialists from Brookfield Investment Management with $4bn in assets under management (AUM).
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Regions Bank appoints new head of Private Wealth Management
Regions Bank has promoted its executive Kate Randall Danella to the role of head of Private Wealth Management, a unit of the Regions Wealth Management Group.
Wilson Group to take over remaining 25% stake in Pinnacle
Wilson Group has agreed to buy the remaining 25% stake in Pinnacle Investment Management (Pinnacle Vendors) that is owned by Pinnacle chairman and managing director Ian Macoun and other senior executives of Pinnacle.
AXA Wealth FUM rise 9% to £32.2bn in Q1
AXA Wealths total funds under management (FUM) increased 9% to £32.2bn in the first quarter of 2016 from £29.7bn a year earlier.
Keeney Financial Group joins Triad Advisors RIA multi-custodial platform
Keeney Financial Group, a Maryland-based financial planning and wealth management firm for the mass affluent and high-net-worth clients, has joined Triad Advisors broker-dealer and hybrid RIA multi-custodial platform.
British investor sentiment rises in May: Lloyds Bank Private Banking
Investor confidence in the UK has risen slightly in May 2016 since last months record low reflecting, in part, an improvement in the actual market performance of all but two of the asset classes, according to the latest Lloyds Bank Private Banking Investor Sentiment Index.