All articles by Verdict Staff
Verdict Staff
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.
Legal & General Investment Management bolsters index funds range
UK-based Legal & General Investment Management (LGIM) has rolled out two new index funds namely the Legal & General Global Real Estate Dividend Index Fund as well as the Legal & General Emerging Markets Government Bond (Local Currency) Index Fund.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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
Keppel Corp to merge interests in asset management businesses under Keppel Capital
Singapore-based Keppel Corporation is planning to consolidate its interest in business trust management, real estate investment trust (REIT), and fund management businesses under Keppel Capital as well as expand its asset management business.
Northern Trust net income drops 2% in Q4
Northern Trust has posted a net income of $239.3m for the fourth quarter of 2015, down 2% compared to $244m in the corresponding quarter of 2014.