All articles by Verdict Staff
Verdict Staff
Standard Chartered private banking arm Q3 operating income down 15%
Standard Chartered private banking arm has posted operating income of $131m for the third quarter of 2015, a decline of 15% compared with $155m a year ago.
Fiducian acquires Tasmania-based financial planning firm
Australian financial services firm Fiducian Group has agreed to acquire a Devonport, Tasmania-based financial planning business with $55m in funds under advice for a consideration of $1.35 million.
Appleby expands its funds practice in Cayman with new hire
Offshore legal firm Appleby has expanded its fund practice by hiring Sailaja Alla as a partner in Cayman.
UBS wealth arm registers 9% decline in Q3 pre-tax profit; reshuffles top management
The wealth management arm of UBS has registered profit before tax of CHF639m in the third quarter of 2015, a decline of 9% compared to CHF707m a year ago.
HSBC Q3 pre-tax profit surges 32%
British banking giant HSBC has posted pre-tax profit of $6.09bn for the third quarter of 2015, a surge of 32% compared with $4.61bn in the parallel quarter of 2014.
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RBS private banking arm sees 77% fall in Q3 operating profit
The private banking business of RBS has registered an operating profit of £15m for the third quarter of 2015, down 77% compared to £64m a year ago.
Rabobank implements Objectway’s portfolio manager platform
Netherlands-based Rabobank has implemented Objectway’s eXimius portfolio manager platform to provide consistent client performance & attribution reporting.
Davy Group expands private client division with new hire
Ireland-based wealth manager Davy Group has hired Alan Werlau as new senior investment strategist for its private client division.
Baillie Gifford appoints new fund manager for Japanese equity fund
Baillie Gifford, an Edinburgh based asset management firm, has appointed Praveen Kumar as fund manager of the £239m Japanese Smaller Companies Fund with effect from 1 December.
DBS Group registers 6% rise in Q3 net profit
Singapore-based lender DBS Group has posted a net profit of SGD1.07bn for the third quarter of 2015, a rise of 6% from SGD1bn a year ago.