All articles by Verdict Staff
Verdict Staff
Societe Generale to take over wealth manager Kleinwort Benson
French banking group Societe Generale has agreed to acquire 100% of wealth manager Kleinwort Benson and Kleinwort Benson Channel Islands Holdings from the Oddo Group.
Natixis Asset Management appoints new CEO
Natixis Asset Management, Paris-based investment arm of Natixis Global Asset Management, has hired Matthieu Duncan as new CEO, replacing Pascal Voisin.
Legg Mason merges seven Martin Currie funds into its global fund range
American asset manager Legg Mason has merged Martin Currie Global Funds (MCGF) into its global fund range, Legg Mason Global Fund (LMGF).
Old Mutual appoints director of managed separation
Old Mutual said that Rob Leith will join the group executive committee as director of managed separation.
Credit Suisse to shed 163 jobs in New York
Swiss banking major Credit Suisse is set to slash 163 jobs in New York, as part of a broader restructure carried out by the bank’s new CEO Tidjane Thiam.
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SS&C closes Citigroup’s alternative investor services business acquisition
SS&C Technologies, a provider of financial services software and software-enabled services, has closed the acquisition of Citis Alternative Investor Services Business for approximately $321m.
LGT to acquire majority stake in Vestra Wealth
LGT, the private banking and asset management group owned by Princely Family of Liechtenstein, is planning to acquire a majority stake in London-based Vestra Wealth, which has £5.6bn in managed assets.
Nordea names new private banking head
Swedish banking group Nordea has named Thorben Sander as its new head of private banking, replacing Snorre Storset.
Bank Alfalah collaborates with Ethica for Islamic finance training
Pakistan-based Bank Alfalah has partnered with Dubai-based Ethica Institute of Islamic Finance to offer online Certified Islamic Finance Executive (CIFE) training to its employees.
Allianz restructures management team
Germany-based financial services provider Allianz SE has restructured its board of management by hiring Jacqueline Hunt to oversee its asset management and US life insurance, effective from 1 July 2016.?????????????