All articles by Verdict Staff
Verdict Staff
HSBC Private Bank: Female entrepreneurs in Hong Kong worth more than male counterparts
New research from HSBC Private Bank indicates that 48 percent of entrepreneurs in Hong Kong worth more than $1 million are female with half of them being under the age of 35 and that they are worth more on average ($3.7 million) than their male counterparts ($3.3 million).
Old Mutual Wealth hires new pensions specialist
Old Mutual Wealth has bolstered its adviser facing support by hiring Martin Clubbs as pensions specialist.
Schroders launches new European real estate investment trust
Schroder Real Estate has launched a European real estate investment trust that will be listed on the London Stock Exchange (LSE) and on the Johannesburg Stock Exchange (JSE).
Why the private banking and wealth management sector needs to wake up to a new malware security threat
Michael Joerin, general manager, EMEA, at cyber security experts Namogoo, writes about how and why the private banking and wealth management sector needs to wake up to a new malicious malware security threat
Sanlam to merge UK businesses into single corporate entity
South African financial services group Sanlam is planning to merge all of its UK businesses into a single corporate entity called Sanlam UK, which will have combined assets under management of almost £9bn.
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RBS to pay EUR23.8m to settle tax-evasion allegations in Germany
Royal Bank of Scotland (RBS) has agreed to pay EUR23.8m to German prosecutors to settle allegations that the Swiss operation of its private banking arm Coutts helped some clients dodge taxes.
Emirates Investment Bank hires new private banking head
Emirates Investment Bank (EIBank), a UAE based banking boutique, has hired Iyad Quttaineh as new head of private banking.
BNY Mellon unveils new absolute insight multi-strategy fund
BNY Mellon Investment Management has unveiled a new absolute return multi-strategy fund, which will be sub-advised by Insight Investment, a BNY Mellon investment boutique with $605bn in under management globally.
British wealth managers still failing clients, says FCA
British wealth managers and private banks have made progress in demonstrating the suitability of their clients portfolios, however, some firms need to make substantial improvements in client information practices as well as ensuring the portfolios they manage truly reflect the needs and risk appetite of their customers, the Financial Conduct Authority (FCA) in its thematic review by has found.
Australian Executor Trustees launches philanthropy services
Australian Executor Trustees (AET), the trustee arm of IOOF, has launched new philanthropy services, which will allow advisors to benefit their clients and grow their businesses.