All articles by Verdict Staff
Verdict Staff
CIBC wealth arm reports 7% dip in Q1 income
The wealth management unit of Canadian Imperial Bank of Commerce (CIBC) has reported a net income of C$119m for the first quarter ended 31 January 2016, down 7% from C$128m during the year ago period.
Custom House Global Fund Services unveils new brand interface
Custom House Global Fund Services, a London-based hedge fund administration specialist, has unveiled a new brand interface and officially moved to independent ownership following the receipt of regulatory and government approvals.
Vanguard unveils four low-cost fixed income ETFs
American investment management firm Vanguard has bolstered its exchange traded fund range by launching four low-cost fixed income ETFs on the London Stock Exchange.
Man Group adjusted pre-tax profit drops 17%
Man Group, a London-based hedge fund firm, has reported an adjusted pre-tax profit of $400m for 2015, down 16.8% compared to $481m in the prior year.
AXA Wealth FUM rises 13% to £31.8bn in 2015
AXA Wealth’s overall funds under management (FUM) rose by 13% to £31.8bn in 2015, from £28.2bn a year ago driven by strong new business as a result of the recent pension freedom reforms.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
RBS private banking operating profit dips 40% in 2015
The private banking business of RBS has registered an adjusted operating profit of £113m for the full year ended 31 December 2015, down 40% compared to £190m a year ago reflecting lower income and higher impairment losses.
Merrill Lynch names new vice chairman
Merrill Lynch Wealth Management has named Sabina McCarthy as its vice chairman. She will report to Bank of America Merrill Lynch Wealth Management head John Thiel.
Lloyds annual underlying profit up 5% to £8.11bn
Lloyds Banking Group has reported an underlying profit of £8.11bn for the year 2015, a rise of 5% from £7.75bn a year ago.
Amey OS Pension Scheme selects SEI as fiduciary manager
Amey OS Pension Scheme has selected SEI as a fiduciary manager to its £135m defined benefit (DB) pension scheme.
Robo-advisor MoneyFarm forays into UK market
Italian online wealth manager MoneyFarm has launched its services for investors in the UK.