All articles by Verdict Staff
Verdict Staff
Northern Trust unveils new service to enhance servicing for private equity
Northern Trust, a US-based investment management firm, has unveiled capital call execution service to enhance servicing for private equity.
BNY Mellon appoints CEO for investment management business
BNY Mellon has appointed Mitchell Harris as CEO of the company’s investment management business succeeding Curtis Arledge.
BMO Financial wealth arm reports 7% decline in Q1 net income
BMO Financial Group’s wealth management arm has reported a net income of C$148m for the first quarter of fiscal year 2016, a decrease of 7% compared to C$159m in the year ago quarter.
Rathbone Brothers annual pre-tax profit surges 28%
British wealth manager Rathbone Brothers has posted a profit before tax of £58.6m for the year ended 31 December 2015, an increase of 28.2%, compared to £45.7m in 2014.
ANZ hires new CEO for Singapore
ANZ has named David Green as new CEO for Singapore replacing Vishnu Shahaney, who will assume a new role within the bank.
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Bellevue Group to buy German asset manager StarCapital
Bellevue Group, a Switzerland-based financial boutique, is planning to acquire 100% of StarCapital, a Germany-based asset manager with CHF2.5bn in assets under management.
Midland States Bank to buy trust department of Sterling National Bank
Midland States Bank has agreed to purchase Sterling National Banks trust department, which has approximately $400m in wealth management assets.
Standard Chartered private banking unit operating income slides 9%
The private banking arm of Standard Chartered has posted an operating income of $557m for the year ended 31 December 2015, a decline of 9% compared to $612m a year ago.
Contineo adds JPMorgan Private Bank, BSI to its network
Contineo, a Hong Kong-based messaging network for equity-linked structured products, has added four new private banks including JP Morgan Private Bank and BSI to its network on the buy-side.
Carlyle Group to shut down hedge fund-of-funds unit
American alternative asset manager Carlyle Group has decided to wind down its hedge fund-of-funds unit Diversified Global Asset Management (DGAM).