All articles by Verdict Staff
Verdict Staff
Lombard Odier net profit jumps 20% in 2015
Swiss private bank Lombard Odier has posted a consolidated net profit of CHF144m for the year ended 31 December 2015, up 20% compared with CHF120m a year ago.
Salient Partners taps SS&C for accounting, regulatory and middle office services
Salient Partners, a US-based asset management firm, has selected SS&C Technologies to run its outsourced middle office and accounting and regulatory processes.
Prudential closes purchase of Deutsche Banks asset management unit in India
PGIM, the investment management arm of US-based Prudential Financial has closed its acquisition of Deutsche Banks Indian asset management business through its Mumbai-based affiliate, DHFL Pramerica Asset Managers.
EVB creates private banking division for HNW clients
Eastern Virginia Bankshares (EVB), an independent, full-service community bank serving eastern and central Virginia, has created a new private banking division to offer comprehensive banking and wealth management solutions for HNW customers.
Close Brothers’ adjusted operating profit up 2%
Close Brothers has registered an adjusted operating profit of £111.2m for the six months to 31 January 2016, a rise of 2% compared to £108.6m a year ago.
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Infocus Wealth plans to roll out direct-to-consumer financial advice solution
Australia-based Infocus Wealth Management has unveiled plans to launch a new direct-to-consumer robo-advice solution in May 2016.
VP Bank Group annual net income surges to CHF64.1m
VP Bank Group has posted a group net income of CHF64.1m for the 2015 financial year, a surge of 220.5% compared to CHF20m in the prior year.
BlackRock rolls out new absolute return multi-asset fund
BlackRock has rolled out a new absolute return multi-asset fund, which will focus on factor investing to drive returns.
Lombard Risk Management launches new tool for regulatory reporting
Lombard Risk Management, a provider of integrated regulatory reporting, compliance and collateral management solutions for the financial firms, has introduced a new next generation agile solution for regulatory reporting.
Rothschild names new director for UK wealth management business
Financial advisory group Rothschild has hired Katharine Brace as new director for its wealth management business in London.