All articles by Verdict Staff
Verdict Staff
Wilshire Funds Management introduces new wealth management platform
Wilshire Funds Management, a business unit of investment manager Wilshire Associates, has launched an end-to-end wealth management platform that leverages technology from Vestmark.
City of London Group CEO to step down; new executive director named
City of London Group (COLG) CEO and director John Kent is set to step down from the role on 30 April 2016.
J.P. Morgan AM names new MD for real assets division
J.P. Morgan Asset Management has appointed George Ahl as new managing director and client portfolio manager for global real assets unit.
Morgan Stanley wealth arm records 8% dip in Q1 pre-tax income
Morgan Stanley’s wealth management unit has posted a pre-tax income from continuing operations of $786m for the first quarter of 2016, down 8% compared to $855m in the year-ago quarter.
CPA Australia Advice receives financial services licence
CPA Australia Advice, the wholly owned subsidiary of CPA Australia, has secured an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL) from the Australian Securities and Investments Commission (ASIC).
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ICBC Private Banking sets up family wealth management unit
ICBC Private Banking has launched the family wealth management business that will support wealth inheritance, financing and public welfare needs of ultra-high net worth families.
Citigroup Q1 income plummets 27%; private bank revenues up 5%
Citigroup has posted a net income of $3.5bn for the first quarter of 2016, down $26.6% compared to $4.7bn a year ago.
PNC Q1 income drops 6%; asset management group income jumps 32.4%
The PNC Financial Services Group (PNC) has posted a net income of $943m for the first quarter of 2016, down 6% compared to $1bn in the year-ago quarter.
New UK law plans to hold businesses liable for staffs criminal offences
HM Revenue & Customs (HMRC) has proposed new rules, under which businesses would be made liable for the actions of their staff aiding tax evasion.
RP Investment rolls out new fixed income mutual fund
Canada-based RP Investment Advisors has introduced a new liquid alternative fixed income mutual fund, which seeks to generate stable, risk-adjusted returns and preserve capital in all interest-rate environments.