All articles by Verdict Staff
Verdict Staff
Deutsche AWM pre-tax income falls 25% in Q3
Deutsche Asset & Wealth Management (Deutsche AWM) has reported third quarter income before income taxes of EUR263m, down 25% compared to EUR287m in the corresponding quarter of last year.
Henderson Global Investors names associate director for institutional business
Henderson Global Investors, a UK-based investment management firm, has named Alex Mander as new associate director for its institutional business.
Lloyds Banking Group pre-tax profit surges 27% in Q3
Lloyds Banking Group has reported a statutory profit before tax of £958m for the third quarter of 2015, up 27.5% compared to £751m in the year-ago quarter.
FundBPO buys Asia-Pacific hedge fund administration business of Alter Domus
FundBPO, a specialist third party administrator for the financial services industry and part of the MainstreamBPO, has acquired the Asia-Pacific hedge fund administration business of Alter Domus, a fund and corporate services provider for alternative investment funds and multinational corporations for $1m.
Vontobel names new private banking head for clients in French-speaking Switzerland
Swiss asset and wealth manager Vontobel Geneve has named Jean-Daniel Morandi as new head of private banking for clients in French-speaking Switzerland.
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Baring Asia acquires majority stake in Vistra Group
Hong Kong-based Baring Private Equity Asia (Baring Asia) has completed the purchase of a majority stake in Vistra Group, a provider of trust, corporate and fund administration services.
NAB’s wealth division reports 27% rise in annual cash earnings
National Australia Bank (NAB) has said that cash earnings at its wealth division increased 27% to A$464m for the full year ended 30 September 2015 from A$365m a year ago.
Wasatah Capital selects Profile Softwares IMSplus Asset Management solution
Wasatah Capital, a Saudi Arabia based investment company, has selected Profile Softwares IMSplus Asset Management solution to better manage full range of its fund and discretionary portfolio management operations.
Barclays hires former JPMorgan banker as new CEO
British banking giant Barclays has appointed former JPMorgan Chase banker James Staley as its new group chief executive.
HSBC Global Asset Management names new Singapore CEO
HSBC Global Asset Management has hired Puneet Chaddha as new CEO for its Singapore operations, replacing Kalen Lim who will take over another role within HSBC.