All articles by Verdict Staff
Verdict Staff
AZ Next Generation Advisory snaps up Sterling Planners
AZ Next Generation Advisory (AZ NGA) has agreed to purchase the entire capital of Sterling Planners (SP), which currently services clients from North Sydney.
Citi Private Bank names new director for mid-Atlantic market
Citi Private Bank has appointed Casey Hannon as the new director and investment counselor for its mid-Atlantic region.
HSBC pre-tax profit slumps 14% in Q1
British banking giant HSBC has posted pre-tax profit of $6.10bn for the first quarter of 2016, down 14% compared to $7.06bn in the year-ago quarter.
MLC creates general manager role for advice business
MLC, a wealth manger owned by National Australia Bank (NAB), has appointed Jasia Fabig to the newly created position of general manager, MLC Advice.
TriState Capital wraps up The Killen Group acquisition
Pittsburgh-based TriState Capital Holdings has finalised the acquisition of investment management firm The Killen Group (TKG), an advisor to The Berwyn Funds.
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Old Mutual Wealth expands distribution team
British wealth manager Old Mutual Wealth has expanded its distribution team by hiring Ed Peck and Russell Bignall as its distribution heads for the South West and North West respectively.
Piper Jaffray Q1 income slumps 43%
Piper Jaffray, a US-based asset management and investment banking firm, has posted an adjusted net income of $10.6m for the first quarter of 2016, down 43.6% compared to $18.8m in the year-ago quarter.
Amundi net inflows dip 42% in Q1
French asset manager Amundi has reported net inflows of EUR13.8bn over the first quarter of 2016, down 42.5% compared to EUR24bn in the first quarter of 2015.
Banc of California hires two new private bank senior directors
Banc of California has expanded its private banking team by appointing Arby Sanoyans and Anto Shakelian as senior directors, who will be based at banks private banking office in Century City, California.
AMP Capital, BetaShares join forces to launch new managed ETFs
AMP Capital has partnered with BetaShares to roll out a new range of exchange traded managed funds (ETFS) specifically targeted at self-managed super fund (SMSF) trustees and self-directed investors.