All articles by Verdict Staff
Verdict Staff
Withers to set up office in Dubai
Law firm Withers is set to launch a new office in Dubai International Financial Centre (DIFC), Dubai, after securing the regulatory nod.
Online wealth manager Nutmeg appoints new CEO
British online wealth manager Nutmeg has named chief revenue officer Martin Stead as its new CEO, replacing Nick Hungerford.
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.
Thomson Reuters selects Mphasis for wealth management outsourcing solutions
Thomson Reuters, a multinational mass media and information firm, has struck an agreement with India-based IT solutions provider Mphasis to provide wealth management outsourcing solutions to its BETA customers.
AS LHV Varahaldus finalises Danske Capital acquisition
AS LHV Varahaldus, a subsidiary of AS LHV Group, has finalised the deal to fully acquire Danske Capital, the asset management arm of Danske Bank based in Estonia.
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ANZ profit plunges 24% to A$2.78bn in H1
Australia and New Zealand Banking Group (ANZ) has reported a cash profit of A$2.78bn for the half year ended 31 March 2016, a 24.3% fall from A$3.67bn a year ago.
UBS wealth arm Q1 pre-tax profit plunges 41%
The wealth management unit of UBS has posted profit before tax of CHF557m for the first quarter of 2016, down 41% from CHF951m a year ago.
RBC Wealth Management-U.S. hires new CEO
RBC Wealth Management-U.S. has named Michael Armstrong as its new CEO, replacing John Taft who will retire on 31 May 2016.
BNP Paribas wealth arm income rises to EUR167m in Q1
BNP Paribas’ wealth & asset management arm has reported a pre-tax income of EUR167m for the first quarter of 2016, up 1.2% compared to EUR165m a year ago.
Brexit and slow economic growth among key concerns of wealth managers: Study
The withdrawal of the UK from the European Union, referred to as Brexit, and slow economic growth are among the top concerns of wealth managers, according to the Jupiter Wealth Manager Index survey.