All articles by Verdict Staff
Verdict Staff
Axas wealth arm up for sale
French insurer Axa is in talks to divest majority of its wealth management and life insurance operations in the UK.
BNY Mellons asset servicing business gets new relationship development head
BNY Mellon has appointed Ileana Sodani to the newly created role of head of relationship management for the asset servicing business in Europe, the Middle East and Africa (EMEA).
LPL Financial selects BlackRocks technology to offer digital investment advice
Retail investment advisory firm LPL Financial has selected FutureAdvisor, a robo advice platform owned by BlackRock, to offer digital investment advice.
Legg Mason wraps up acquisition of majority stake in Clarion Partners
Legg Mason has concluded a nearly $585m deal to acquire an 82% equity stake in Clarion Partners, a New York-based real estate investment firm.
AZ Next Generation Advisory snaps up Priority Advisory Group
AZ Next Generation Advisory (AZ NGA) has agreed to acquire Priority Advisory Group (PAG), a Fortnum-aligned practice based in Sydney.
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FCA acting head to step down in July
Financial Conduct Authoritys (FCA) acting CEO Tracey McDermott will leave the organization when its new chief executive, Andrew Bailey, takes over on 1 July 2016.
NAB Asset Management hires global institutional distribution head
NAB Asset Management (NAB AM) has appointed Ross Kent as its new head of global institutional distribution.
Vistra Group buys Indias IL&FS Trust Company
Hong Kong-based Vistra Group has expanded its operation in India with the acquisition of IL&FS Trust Company Limited (ITCL), a provider of corporate trust services, for an undisclosed amount.
JPMorgan cuts 5% jobs at wealth management unit in Asia
JPMorgan Chase has shed 30 jobs at its Asia wealth management unit, as it refocuses on serving wealthier clients.
Nomura to trim European and Americas operations
Japanese banking giant Nomura has unveiled plans to close certain businesses in EMEA and rationalize operations in Americas.