All articles by Verdict Staff

Verdict Staff

Cazenove Capital Management names new CIO

Cazenove Capital Management, the wealth management arm of Schroders, has appointed Architas’ Caspar Rock as its new chief investment officer (CIO).

Northern Trust Asset Management names new APAC head

Northern Trust has named John McCareins as the new managing director of its asset management business in Asia-Pacific (APAC).

ZEDRA opens new office in Hong Kong

ZEDRA, a specialist in trust, fiduciary, corporate and fund services, has expanded its presence in Asia by opening a new office in Hong Kong.

National Bank recruits new wealth management head

National Bank has named Martin Gagnon as its new head of wealth management and co-president and co-CEO of its subsidiary National Bank Financial.

Legal & General bolsters retirement range

UK-based Legal & General Investment Management (LGIM) has introduced the real income builder fund to serve investors planning for retirement.

Leeds’ wealth manager Lawrence Scoffield to merge with local law firms

Lawrence Scoffield Group, a Leeds-based wealth management firm, has agreed to merge with local law firms Progeny Law and Mark Burns Legal Services.

Stone Point to purchase NFP Advisor Services

Private equity firm Stone Point Capital has agreed to acquire NFP Advisor Services from insurance broker NFP for an undisclosed amount.

Wealth management industry forced to reinvent itself: SEI, WISE Gateway report

Wealth management firms are forced to reinvent the way they approach the relationship between customer value, growth and profitability due to changing regulations, globalization and evolving customer demands, according to a report by SEI Private Banks and research provider WISE Gateway.

Societe Generale to axe 125 jobs; private banking untouched

In a bid to bolster profitability, French banking group Societe Generale is set to shed around 125 jobs in France, mostly in trading operation but private banking business will not be affected by this move.

Tilney Bestinvest acquires Towry for £600m

UK-based wealth manager Tilney Bestinvest has agreed to acquire local rival Towry from majority shareholder Palamon Capital Partners in a £600m deal.