All articles by Verdict Staff
Verdict Staff
NAB names new chairman for JBWere
National Australia Bank (NAB) has named Andrew Hagger as new chairman of its private wealth advisory business JBWere.
Twenty nations back Europe-led bid to crackdown on offshore tax evasion
A total of 20 countries and territories in Europe, including Isle of Man, Gibraltar and Montserrat, have agreed to share data on the ownership of companies, trusts and foundations to clamp down on offshore tax evasion.
US tops philanthropic giving globally
The United States remains the leader globally in personal philanthropy followed by Europe and Asia, with the Middle East achieving the sharpest increase in philanthropic giving, according to the fourth annual BNP Paribas Individual Philanthropy Index by Forbes Insights.
Maybank Private Wealth implements Avaloq banking suite
Maybank Private Wealth rolls out Avaloq technology across its Singapore-based wealth management business.
Aviva relaunches HNW division
Aviva has relaunched its HNW division, Aviva Private Clients, which it said will offer a bespoke underwriting service for its clients.
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Citi Private Bank appoints new global market manager for New York
Citi Private Bank has appointed Ida Liu, its North America Asian Clients Group head, as its new global market manager for New York.
COMMENT – Barclays: Banking on its core business
UK-headquartered Barclays sold its wealth operations in Singapore and Hong Kong to OCBCs private banking arm earlier in April. The sale comes as part of Barclays restructuring strategy to refocus on its core business and markets. Has refocusing become essential for private banks to thrive and is Asia still the golden goose it was touted to be? Head of content for WealthInsight, Ouliana Smith, dishes the details
LJ Partnership to acquire stake in asset manager Pradera
Multi-family office LJ Partnership has agreed to purchase a minority stake in retail fund manager Pradera for an undisclosed amount.
Towry adds new wealth manager to Bournemouth team
British wealth manager Towry has appointed Amanda Cook as financial planner and wealth manager in its Bournemouth office.
BNY Mellon Q1 net income up 5%
The Bank of New York Mellon (BNY Mellon) has reported a net income applicable to common shareholders of $804m for the first quarter of 2016, a 4.9% increase compared to $766m in the same period of 2015.