All articles by Verdict Staff
Verdict Staff
Old Mutual hires South Africa’s former financial minister
Old Mutual has hired South Africas former finance minister Trevor Manuel as a non-executive director and member of the board risk committee of the Old Mutual Board, effective from 1 January 2016.
Structured products firm Hilbert Investment forays into UK market
French structured products provider Hilbert Investment Solutions has received approval from the Financial Conduct Authority (FCA) to sell products in the UK.
Raymond James to buy Deutsche Banks US private client services unit
Raymond James Financial has signed a definitive asset purchase agreement to buy the US Private Client Services unit (PCS) of Deutsche Asset & Wealth Management (Deutsche AWM).
Swiss EFG Bank reaches tax evasion deal with US
EFG Bank European Financial Group (EFG Group) and EFG Bank have reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
SHCIL, ArthaYantra to launch online wealth management advisory services
Stock Holding Corporation of India (SHCIL) has partnered with online financial planning firm ArthaYantra to offer online wealth management services, currently limited to the HNWIs, to India’s middle income group.
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Northern Trust to acquire institutional brokerage firm Aviate Global
Northern Trust has agreed to acquire Aviate Global, an institutional-focused equity brokerage firm in the UK, for an undisclosed sum.
Investec Wealth hires new senior investment director for Glasgow
Investec Wealth & Investment (IW&I) has named Cameron Kinnaird as new senior investment director for its Glasgow office.
Cowgill Holloway buys Jacobs Financial to expand wealth management business
UK-based accountancy firm Cowgill Holloway has purchased Yorkshire-based Jacobs Financial Group (JFGL) for more than £1m in a move to strengthen its wealth management practice.
RBC wealth unit annual income down 11%
The wealth management business of Royal Bank of Canada (RBC) has posted a net income of C$255m for the year ended 31 October 2015, down 11% compared to C$255m a year ago.
EXPERT COMMENT: From FATCA to Basel, the impact of regulation will continue to be significant
Ed Royan, COO EMEA, AxiomSL comments on the regulatory requirements that private banks will have to keep up with in 2016, as well as the technology provisions that need to be put in place to remain compliant