All articles by Verdict Staff
Verdict Staff
RBS to slash 550 jobs, shrinks face-to-face advice team
Royal Bank of Scotland (RBS) is planning to slash about 550 jobs as it scales back face-to-face investment advice to certain customers with £250,000 or more of assets.
JTC Malta gets trustee licence from MFSA
Fund services provider JTC Malta has received a licence from the Malta Financial Services Authority (MFSA) to significantly bolster its institutional and private client services offering from the jurisdiction.
RBC Investor Services to sell investor services business in Spain to Inversis
RBC Investor Services Bank, a subsidiary of Royal Bank of Canada, has agreed to offload its Spanish investor services business RBC Investor Services España and its subsidiary RBC Investor Services Activos to Banco Inversis for an undisclosed sum.
Campden Wealth forms JV with Patnis to foray into Indian market
Campden Wealth, a provider of education, research and networking opportunities to UHNW families worldwide, has formed a joint venture with Amit and Arihant Patni, sons of Gajendra Patni, co-founder of Patni Computer Systems, to establish a premier global membership community for UHNW families in India.
Novia unveils two smart beta ETF portfolios for UK advisors
Copia Capital Management, the discretionary fund manager of Novia group, has unveiled two new smart beta ETF portfolios to target the UK advisor market.
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Invesco appoints new EMEA institutional marketing head
Asset management firm Invesco has named Henning Stein as head of institutional marketing for the EMEA region, based in Zurich.
PwC names new global chairman
The PricewaterhouseCoopers (PwC) International Network has named Robert Moritz (Bob Moritz) as its new chairman, replacing Dennis Nally.
LLB Group posts 19.7% rise in annual net profit
Liechtensteinische Landesbank (LLB) has reported a net profit of CHF86.3m for 2015, an increase of 19.7% compared to CHF72.1m a year ago.
Generali Investments to open office in London
Generali Investments, the asset management arm of Generali Group, is planning to expand its presence into the UK by opening an office in London for pension fund clients.
Old Mutual Wealth 2015 adjusted operating profit jumps 35%; to split into four units
Old Mutual Wealth has posted an adjusted operating profit (AOP) of £307m for the full year of 2015, up 35% from £227m a year ago, largely driven by revenue growth in core businesses.