All articles by Verdict Staff
Verdict Staff
UBS names new wealth management head for South East Asia
UBS Group has named August Hatecke as new head of wealth management for South East Asia.
Investec selects TCS to power brokerage operations in India
Investec India, a subsidiary of the wealth management giant Investec, has implemented TCS core banking software, TCS BaNCS, to power its front and back office operations in India.
BaFin closes German arm of Canadas Maple Financial
German financial regulator BaFin has closed the German arm of Canadian lender Maple Financial due to impending financial over-indebtedness.
AllianzGI to buy Rogge Global Partners from Old Mutual
Allianz Global Investors (AllianzGI) has agreed to purchase 100% of the issued share capital in Rogge Global Partners (RGP), a London-based fixed income specialist, from Old Mutual for an undisclosed sum.
EFG Hermes unveils two new UCITS compliant funds
EFG Hermes, an investment bank in the Middle East and North Africa region, has unveiled its first UCITS funds for European investors.
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Old Mutual Wealth unveils new Lifestyle Trust for flexible inheritance tax planning
Old Mutual Wealth has unveiled a new Lifestyle Trust, which will help clients achieve effective inheritance tax planning with more flexibility.
BNP Paribas wealth arm posts 6.7% rise in Q4 pre-tax income
BNP Paribas’ wealth & asset management arm has registered a pre-tax income of EUR189m for the fourth quarter of 2015, a rise of 6.7% compared to EUR177m in the corresponding quarter of 2014.
Julius Baer to pay $547.25m to settle US tax probe
Swiss private bank Julius Baer has reached a $547.25m final settlement with the US Department of Justice (DOJ) regarding its legacy US cross-border private banking business.
Tilney Bestinvest to buy Ingenious Asset Management
Investment management and financial services firm Tilney Bestinvest has agreed to acquire London-based discretionary investment manager Ingenious Asset Management.
HSBC to spin-off its Singapore retail, wealth arm to local subsidiary
British banking giant HSBC is planning to spin-off its Singapore retail and wealth management business to a locally incorporated subsidiary.