All articles by Verdict Staff
Verdict Staff
Commerzbank swings to profit in Q4
German lender Commerzbank has reported an attributable net profit of EUR187m for the fourth quarter of 2015, compared to a loss of EUR280m in the year ago quarter.
Evercore launches new venture, Evercore Trust Company of Delaware
Evercore, an investment banking advisory firm, has expanded its fiduciary capabilities with the launch of a new business called Evercore Trust Company of Delaware.
UBP Investment Advisors gets new CEO
Swiss private bank Union Bancaire Privée (UBP) has hired Frédéric Carbonnier as new CEO for its investment subsidiary, UBP Investment Advisors (UBP IAS) on 1 January 2016.
Societe Generale net income jumps 20% in Q4
French lender Societe Generale has reported a net income of EUR656m in the fourth quarter of 2015, a rise of 19.5% compared to EUR549m in the year-ago quarter.
AJ Bell introduces cash management tools for financial advisors
AJ Bell, a UK-based financial services firm, has introduced a new suite of cash management tools for financial advisers on its Investcentre platform.
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RBS poaches new private banking chief from JPMorgan
Royal Bank of Scotland (RBS) has appointed Peter Flavel as CEO of private banking, responsible for Coutts & Co and Adam & Company.
Matthews Asia signs up to the UN Principles for Responsible Investment
Investment firm Matthews Asia has signed up to the United Nations-supported Principles for Responsible Investment (UN PRI).
Scalable Capital receives approval to commence operations in UK
Scalable Capital, a Germany-based digital investment manager, has received approval from the UK’s Financial Conduct Authority (FCA) to launch its services in the country.
Avaloq becomes sole owner of its Swiss BPO centre
Avaloq has agreed to acquire BSI SAs remaining interest in B-Source SA. The deal makes Avaloq the sole owner of its Swiss BPO centre.
Investcorp H1 net income up 12%
Investcorp, a Bahrain-based manager of alternative investment products, has posted a net income $50.9m for the first half of fiscal year 2016, a rise of 12% compared with $45.3m in the year ago period.