All articles by Verdict Staff
Verdict Staff
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
deVere survey reveals investment mistakes HNW investors make
Failing to appropriately diversify portfolios is the top investment mistake high-net-worth (HNW) investors make before they sought financial advice, according to an international poll conducted by deVere 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.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
ANZ to axe 200 jobs due to sluggish economy
The Australia and New Zealand Banking Group (ANZ) has decided to cut 200 jobs from its local workforce in response to sluggish economy.
Rathbones Brothers FUM rise to £29.3bn in Q1
British wealth manager Rathbones Brothers’ total funds under management (FUM) stood at £29.3bn at the end of first quarter of 2016, up 1.4% compared to £28.9bn in the prior year.