All articles by Verdict Staff
Verdict Staff
ABN AMRO private banking unit underlying profit slumps 50% in Q1
The private banking arm of Dutch lender ABN AMRO has posted an underlying profit of EUR43m for the first quarter of 2016, down 50% compared to EUR87m in the year-ago quarter.
Credit Suisse appoints new global head of asset management
Credit Suisse has named its investment banking executive Eric Varvel as global head of asset management, effective 1 June 2016.
State Street wins fund administration mandate from Allianz Global, DekaBank
Allianz Global Investors and DekaBank Deutsche Girozentrale have selected State Street to provide a wide range of investment services for more than EUR500bn in assets.
GCA Savvian and Altium ink merger agreement
Japanese investment bank GCA Savvian has agreed to merge with Altium, a UK-based mid-market financial advisory group, to create an independent global investment bank.
Julius Baer names interim head of Investment Solutions Group
Swiss private banking group Julius Baer has named Yves Robert-Charrue as the new interim head of Investment Solutions Group (ISG).
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Maybank, Diam ink collaboration pact
Maybank Asset Management Group, the fund management arm of Malaysian lender Maybank, has inked a memorandum of understanding (MoU) with Japan’s Diam Asset Management (DIAM) to venture into cross-border distribution of funds across the ASEAN countries and Japan.
Standard Life Investments forms strategic partnership with Bosera Asset Management
Standard Life Investments (Hong Kong) has formed a strategic partnership with Chinese firm Bosera Asset Management (International) and jointly launched a new fund aimed at the emerging markets.
Credit Suisse swings to net loss of CHF302m in Q1
Credit Suisse has reported an attributable net loss of CHF302m for the first quarter of 2016, compared to a profit of CHF1.05bn in the year-ago quarter.
HSBC Singapore transfers retail, wealth units to locally incorporated subsidiary
HSBC has completed the transfer of its retail banking and wealth management operation in Singapore to a locally incorporated subsidiary, HSBC Bank (Singapore).
Boston Private to bolster footprint in southern California
Boston Private, a provider of wealth management, trust and private banking services, is set to launch a new office in the Los Angeles, California.