All articles by Verdict Staff
Verdict Staff
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
Guernsey Finance to open Hong Kong office in 2016
Guernsey Finance is set to open a representative office in Hong Kong in the first quarter of 2016.
Barings names new research director
Baring Asset Management has hired David Nowakowski as new director of research for its fixed income team in a move to further expand its bond strategies.
Brewin Dolphin annual pre-tax profit surges to £61m
British wealth manager Brewin Dolphin has registered a statutory pre-tax profit of £61m for the year ended 30 September 2015, up 797% compared to £6.8m a year ago.
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Majority of risk managers believe probability of high-impact event has increased: DTCC survey
Nearly 61% of risk managers at financial services firms believe that the probability of a high-impact event in the global financial system has increased during the past six months, according to a new Depository Trust & Clearing Corporation (DTCC) survey.
Schroders bolsters advanced beta team with two new hires
Schroders has expanded its multi-asset investments and portfolio solutions (MAPS) business by hiring Mike Kleyn and Duncan Shand to will work in the Advanced Beta team.
Scotiabank registers 28% surge in Q4 net income
Scotiabank has posted net income of C$1.84bn for the fourth quarter ended 31 October 2015, up 28% compared to C$1.43bn a year ago.
BMO Financial wealth arm Q4 net income up 8%
BMO Financial Group’s wealth management arm has reported a net income of C$243m for the fourth quarter of 2015, an increase of 8% compared to C$225m in the year ago quarter.
Agecroft Partners buys hedge fund marketing firm Alta Via Advisors
Agecroft Partners, a hedge fund consulting and third-party marketing firm, has purchased the business of Alta Via Advisors, a New York-based hedge fund third party marketing boutique, for an undisclosed sum.