All articles by Verdict Staff
Verdict Staff
UBS poaches Credit Suisses global asset management chief
Swiss banking giant UBS has hired Credit Suisses global head of asset management banking Joseph Hershberger as the new vice chairman in its financial institutions group.
RBC Wealth Management hires new South-east Asia head
RBC Wealth Management, a subsidiary of Royal Bank of Canada, has appointed Tho Gea Hong as new head for South-East Asia replacing Grace Barki.
Credit Suisse executive leaves to join Millennium Management as co-CIO
Credit Suisse Groups global head of asset management Bob Jain is set to depart from the bank to join as co-chief investment officer at New York-based hedge fund Millennium Management.
Mercer Advisors to merge with Kanaly Trust to create $8bn advisory firm
Mercer Advisors, a US-based wealth management firm, has agreed to merge with Kanaly Trust to create a new advisory firm, which manages more than $8bn in assets.
Novia Global selects MitonOptimal as DFM partner
UK-based Novia Global has appointed MitonOptimal International, portfolio management division of the MitonOptimal Group, as discretionary fund managers (DFM) partner.
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Regions Bank selects SEI Wealth Platform to address growing client needs
Regions Bank, a US-based provider of consumer, wealth management and commercial banking solutions, has selected SEI’s enterprise-wide wealth management solution SEI Wealth Platform to support the its private client and institutional businesses.
Mirabaud annual net income slides 16%
Mirabaud, a Swiss wealth and asset management group, has posted consolidated net income of CHF27.1m for the 2015 financial year, a decline of 16% compared to 2014.
UAE, Finland sign tax data sharing deal
UAE has inked an agreement with Finland for exchange of tax-related information between the two countries.
ASIC, FCA collaborate to support growth of innovative businesses
The Australian Securities and Investments Commission (ASIC), and UKs Financial Conduct Authority (FCA) have signed an agreement to support innovative businesses looking to enter each others markets.
Confidence amongst asset and wealth managers fall amid volatile markets: CBI/PwC study
According to the CBI/PwC financial services survey, the asset and wealth management industry has seen its first significant fall in confidence since the winter of 2011 amid volatile markets.