All articles by Verdict Staff
Verdict Staff
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.
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.
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.
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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.
AXA Wealth FUM up 14% in Q3
AXA Wealth’s overall funds under management (FUM) in the third quarter of 2015 rose by 14% to £30.4bn from £26.6bn a year ago driven by strong new business including notable growth in the corporate investment business.
Stanhope Capital hires new senior director for Jersey office
Stanhope Capital, an investment firm managing over $9.5bn on behalf of wealthy families, charities and other institutions, has hired Matthew Gambles as new senior director of Stanhope Capital (Jersey).