All articles by Verdict Staff
Verdict Staff
Santander attibutable profit rises to EUR1.46bn in Q4
Spanish banking group Banco Santander has posted an attributable profit of EUR1.46bn for the fourth quarter of 2015, marginally up compared to EUR1.45bn a year ago.
Leodan Privatbank reaches deal with US to settle tax evasion case
Swiss bank Leodan Privatbank has reached a resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
AIG to sell AIG Advisor Group to Lightyear, PSP Investments
American International Group (AIG) has agreed to divest AIG Advisor Group to investment funds affiliated with Lightyear Capital and Canadian pension investment manager PSP Investments.
China, Germany move up as key sources of new investment over the next five years
Companies rate China and Germany as the most strategic sources of new investment capital over the next five years after the US and the UK, according to a survey report published by BNY Mellon.
AXA hires new external director and chairman in Japan
AXA Investment Managers (AXA IM) has hired Masanori Tanabe as new external director and chairman in Japan in a move to grow and develop its presence in the country.
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HSBC Global Asset Management appoints UK institutional head
HSBC Global Asset Management has appointed Adrian Gordon as new UK institutional head, replacing Stuart White.
Lombard Odier: PBOC suspends new offshore product sales
The Peoples Bank of China (PBOC) has suspended new offshore product sales, according to Lombard Odier.
FUTURE PROJECTIONS: The Latin American wealth management market
Overall, 2015 was an unsettling year for the Latin American wealth management industry. Currency depreciation, recession in Brazil, international banks closing regional branches, a drop in commodity and oil prices, and economic slowdown in China have all influenced investor confidence, wealth and the future projections of Latin American wealth management market, writes Dr Roselyn Lekdee, economist at WealthInsight
Training programme for UBS client advisers
UBS Wealth Management has launched a training programme for senior client advisers in the Asia-Pacific region which includes those in Singapore, Hong Kong, Taiwan and Japan.
COMMENT: Taking a look ahead – Julius Baer
The uncertainties in China, currency drops, and Asias dominant position in the worlds wealth map Michael Stiefel, Investment Solutions & Advisory, Julius Baer, Zurich, writes about all that 2016 is expected to unravel and the big themes the wealth management industry will be tackling this year and beyond