All articles by Verdict Staff
Verdict Staff
US directs UBS to disclose records of Singapore account
In its latest crackdown on offshore tax evasion, the US Internal Revenue Service (IRS) has asked a federal judge in Miami to force UBS Group to turn over financial records from the Singapore account of US citizen Hsiaw Ching-Yeo.
Swiss private bank Reyl & Cie opens second office in US
Reyl Overseas, a subsidiary of Reyl & Cie bank, has opened its second US branch in Dallas, Texas.
Commerzbank names Martin Zielke as new CEO
German lender Commerzbank has named its retail banking head Martin Zielke as new chairman of the board of managing directors and CEO replacing Martin Blessing, whose term of office will end on 30 April 2016.
Source UK hires former OMGI chief as new CEO
ETF provider Source UK Services has hired former Old Mutual Global Investors (OMGI) head Julian Ide as its new CEO.
Stradley Ronon opens Chicago office, hires four investment management partners
Philadelphia-based law firm Stradley Ronon has opened an office in Chicago and added four partners from K&L Gates to its investment management practice.
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Rowan Dartington hires new CIO
British wealth manager Rowan Dartington has named John Betteridge as its new chief investment officer (CIO).
UBS’ French unit under investigation for witness tampering
French authorities have placed Swiss banking giant UBS under formal investigation for alleged witness tampering following a complaint filed by a former employee against the bank.
Offshore deal value grew 56% in 2015: Appleby
The total cumulative value of offshore M&A deals in 2015 grew 56% compared to the previous year, with average deal value topping highs not seen since 2007, according to a report released by offshore law firm Appleby.
Oaktree Capital Management opens office in Sydney
Oaktree Capital Management, a US-based asset management firm specializing in alternative investment strategies, has opened an office in Sydney, Australia.
Saxo Bank inks content sharing deal with CME Group
Danish multi-asset service provider Saxo Bank has signed a content-sharing agreement with derivatives marketplace CME Group that will make CME Groups educational materials available to Saxo Banks clients worldwide.