All articles by Verdict Staff
Verdict Staff
Tilney Bestinvest wraps up Ingenious Asset Management acquisition
British wealth manager Tilney Bestinvest has concluded the acquisition of Ingenious Asset Management (IAM), a London-based discretionary investment manager.
Commerzbank profit plunges 52% in Q1
German lender Commerzbank has reported an attributable net profit of EUR163m for the first quarter of 2016, down 51.7% compared to EUR338m a year ago.
State Street Global Advisors hires head of SPDR ETF business in Canada
State Street Global Advisors (SSGA), the asset management arm of State Street, has recruited Bobby Eng to the newly created role of head of SPDR ETF Business Development in Canada.
Raymond James opens office in Manchester
Raymond James Financial has expanded its footprint in the UK by opening an office in Manchester.
DBS profit rises 6% to SGD1.13bn in Q1
Singapore-based lender DBS has reported a net profit of SGD1.20bn for the first quarter of 2016, up 6% compared to SGD1.13bn in the first quarter of 2015.
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Lombard International hires CEO for US business
Lombard International, a provider of wealth structuring solutions for the high net worth market, has named Michael Gordon as the new CEO of its US business.
Societe Generale registers 6% rise in Q1 net income
French lender Societe Generale has reported a net income of EUR924m for the first quarter of 2016, up 6.5% compared to EUR868m in the year-ago quarter.
Aegon to take over BlackRocks UK defined contribution business
Dutch insurer Aegon has agreed to acquire BlackRocks defined contribution platform and administration unit in the UK for an undisclosed sum.
Standard Life to snap up Axas UK wealth management platform
Standard Life Savings, a subsidiary of Standard Life, has agreed to take over Axas UK wealth management platform, known as AXA Elevate.
Aberdeen Asset Management H1 profit plummets 40%
Aberdeen Asset Management has posted underlying pretax profit of £162.9m for the first half ended 31 March 2016, a slump of 40% compared to £270.2m a year ago.