All articles by Verdict Staff
Verdict Staff
HSBC names new deputy CEO for UK and European unit to run ring-fenced retail bank
Banking giant HSBC has named Nigel Hinshelwood as deputy CEO of HSBC Bank, its UK and European unit, to direct split of UK consumer and investment banking operations.
FORT L.P agrees to sell minority stake to Goldman Sachs Petershill Fund II
FORT L.P., the systematic hedge fund led by two ex-World Bank economists, has divested a 9.99% minority stake to an investment fund managed by Goldman Sachs, Petershill Fund II.
Johnson Financial to acquire Cleary Gull Advisors
Johnson Financial Group has agreed to acquire investment advisory firm Cleary Gull Advisors to expand its wealth management business.
Prophet Capital deploys Broadridges portfolio management and operating platform
Prophet Capital Asset Management, a $2.3bn structured credit hedge fund, has implemented Broadridge Financials integrated trading, portfolio management and operating platform.
Financial Institutions acquires wealth manager Courier Capital
New York-based Financial Institutions, the parent company of Five Star Bank, has agreed to acquire Courier Capital Corporation, an investment advisory and wealth management firm with offices in Buffalo and Jamestown.
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Swiss private bank UBP to pay $187m to settle US settle tax evasion case
Swiss bank Union Bancaire Privée (UBP) has reached a settlement with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Morgan Stanley appoints Colm Kelleher as president
Morgan Stanley has named its investment banking chief Colm Kelleher as new president, replacing Greg Fleming who will step down from the firm to pursue other opportunities.
Al Baraka Bank Egypt selects SAS for FATCA solution
Al Baraka Bank Egypt has partnered with SAS and Data Gear to employ a tailor-made FATCA solution across all of its branches in Egypt to meet the increasing demand of international compliance requirements.
Old Mutual unveils new bond for HNWIs
Old Mutual International, part of Old Mutual Wealth, has unveiled a new international life assurance bond to lure high- net-worth investors (HNWIs) in the UK.
EP Wealth Advisors launches office in Irvine, California
EP Wealth Advisors has opened an office in Irvine, California to meet the needs of their growing client base in Orange County.