All articles by Verdict Staff
Verdict Staff
EXPERT COMMENT: Significant tax reporting obligations for wealth managers under the CRS
Daniel J Dzenkowski, FS Tax Director at PWC, comments on how the UK is implementing FACTA and CRS, amongst nearly 100 countries who are early adopters of the regulation
Vontobel Asset Management bolsters fixed income offering
Vontobel Asset Management has strengthened its fixed income offering by launching a new global corporate mid yield strategy.
HSBC opens new fintech innovation lab in Singapore
HSBC has opened a new financial technology (fintech) innovation lab in Singapore to develop the next generation of digital and mobile banking services.
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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Bank of East Asia to sell brokerage subsidiaries to SinoPac
The Bank of East Asia (BEA) has agreed to divest its wholly-owned subsidiary, Tung Shing Holdings to SinoPac Securities (Cayman) Holdings (SPSC).
Swiss bank Piguet Galland reaches deal with US to settle tax evasion probe
Piguet Galland & Cie, a Swiss-based subsidiary of Banque Cantonale Vaudoise (BCV), has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Wealth and asset management industry feeling competitive pressure: Study
The wealth and asset management industry has been in growth mode, with assets under management (AUM) on the rise and even margins back on the mend. Yet behind surging AUM and rising revenues, a sound majority recognizes simultaneous undercurrents of profound change, heated competition and margin pressures, according to a new report by Forbes Insights, EY And SEI.
Ameriprise wealth arm records 7% rise in Q3 pre-tax operating earnings
The advice & wealth management arm of the Ameriprise Financial has posted pre-tax operating earnings of $219m for the third quarter of 2015, an increase of 7% compared to $205m a year earlier.
Rothschild Wealth Management names new North Asia head
Rothschild Wealth Management, a part of the Rothschild Group, has hired Audrey Zau as new head for North Asia.