All articles by Verdict Staff
Verdict Staff
Crestone to implement Avaloq Banking Suite
Crestone, the company acquiring the domestic wealth management arm of UBS Australia, is set to implement Avaloq Banking Suite to support its business growth plans.
Crédit Agricole, Dreyfus Sons and Baumann reach tax evasion deal with US
The US Department of Justice (DoJ) has reached a resolution with Credit Agricole Suisse (CAS), Dreyfus Sons & Co and Baumann & Cie over the tax evasion cases under the department’s Swiss Bank Program.
ARC adds Nutmeg to its private client indices
Asset Risk Consultants (ARC), a UK-based independent private client and charity investment consulting company, has added online wealth manager Nutmeg to its private client indices (PCI).
Paradigm founding partner to launch robo-advice service in 2016
IFA group Paradigm founding partner Anthony Morrow has joined forces with Duncan Cameron, co-founder of Moneysupermarket, to launch a new online advice business called eVestor in 2016.
Of changes and opportunities
In private banking, client behaviour is rapidly changing. The industry on the whole is going through several changes as well. Jeroen Rijpkema, CEO of ABN AMRO Private Banking International, writes about how all these changes present ample growth opportunities for private banks and its wealthy clients
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FCA slaps £6m fine on Threadneedle Asset Management over controls and accuracy failures
British financial regulator FCA has imposed a £6m fine on Threadneedle Asset Management (TAML) for past control failures in its fixed income area, providing inaccurate information to the regulator and for failing to promptly correct the inaccuracies.
The ever growing importance of technology in wealth management: Avaloq
Technological innovation has become essential to ensure that the wealth management industry serves the future needs and demands of the customer, market, and regulatory landscape, and it will continue to dominate in 2016, writes Thibaut Jacquet-Lagreze, head of marketing and sales HQ at Avaloq
Julius Baer to buy Commerzbank Luxembourg business for EUR68m
Julius Baer has signed an agreement to purchase Commerzbank International SA Luxembourg (Cisal), a fully-licensed private bank that has about EUR3bn in assets under management, for approximately EUR68m.
There are nearly seven times more female billionaires today as compared to 20 years ago
The number of female billionaires worldwide has increased nearly sevenfold since 1995 and it is Asian entrepreneurs who are driving this growth, according to a study jointly conducted by UBS and PwC. The report claims that women are outpacing men when it comes to growth of wealth and rank. There are now 145 female billionaires as compared to 22 in 1995.
Accenture buys Beacon Consulting to expand asset management capabilities
Accenture has purchased Beacon Consulting Group, an advisor to financial and investment firms, in an effort to strengthen its capabilities in asset management.