All articles by Verdict Staff
Verdict Staff
Emirates NBD retail, wealth arm sees marginal rise in nine-months income
The Retail Banking and Wealth Management (RBWM) division of Emirates NBD has posted an operating income of AED4.26bn for the nine months period ended 30 September 2015, a rise of 1.45% from AED4.2bn in the year ago period.
Butterfield to acquire HSBC’s private banking, investment management arms in Bermuda
The Bank of N.T. Butterfield & Son (Butterfield) has agreed to acquire Bermuda Trust Company and the private banking investment management operations of HSBC Bank Bermuda.
Dutch government to list ABN Amro as early as Q4
ABN Amro, which was bailed out by the Dutch government in 2008, is set to return to private hands possibly by the end of 2015.
St James’s Place reports 20% rise in Q3 inflows
British wealth manager St. James’s Place (SJP) said its gross inflow of funds under management for the third quarter ended 30 September 2015 increased 20% to £2.32bn from £1.94bn in the year ago quarter.
Praxis launches new Guernsey incorporated investment firm
Praxis Fund Services, a part of the Praxis Group, has launched a new Guernsey incorporated closed-ended investment company called Alternative Liquidity Fund.
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Fosun Eurasia commences operations in Russia
Chinese conglomerate Fosun Group has expanded its global asset management and advisory platform by launching Fosun Eurasia Capital in Russia.
Crestbridge expands family office services team in Jersey
Financial services firm Crestbridge has expanded its family office services team in Jersey by hiring Paul Hunter as new director.
Northern Trust Asset Management names new managing director for EMEA
Northern Trust Asset Management has appointed Hazel McNeilage as new managing director for Europe, Middle East and Africa (EMEA) in an effort to focus on building relationships with institutional clients across the region.
Swiss financial regulator commences bankruptcy proceedings against Hottinger & Cie
Swiss financial market supervisor FINMA has initiated bankruptcy proceedings against private bank Hottinger & Cie due to a risk of the bank becoming overly indebted.
Bank Leumi in talks to offload Jersey arm
Israeli lender Bank Leumi is in talks to sell its Jersey unit, which is owned by its subsidiary Bank Leumi UK.