All articles by Verdict Staff
Verdict Staff
Northern Trust Q3 net income up 15%
Northern Trust has registered a net income of $234.6m for the third quarter of 2015, up 15% compared to $204.5m in the corresponding quarter of 2014.
Polaris Wealth merges with Greystone Financial to form new $1bn advisory firm
Polaris Wealth Advisers has merged with Greystone Financial to form a new investment advisory firm with nearly $1bn in client assets under management.
Raymond James’ private client group registers 12% fall in Q4 pretax income
The private client group of Raymond James Financial has reported a pre-tax income of $87.7m for the fiscal fourth quarter of 2015, a decrease of 12% compared to $100m in the prior year quarter.
Brooks Macdonald discretionary FuM decline in Q1
British wealth manager Brooks Macdonald Group said that its discretionary funds under management (FuM) stood at £7.33bn at the end of 30 September 2015, a decline of 1.1% compared to £7.41bn at the end of June 2015.
MilleniumAssociates appoints new member to its Global Advisory Board
MilleniumAssociates, an international M&A and corporate finance advisory firm based in Switzerland and the UK, has named David Robins to its Global Advisory Board.
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BNP Paribas appoints new head of asset management business
BNP Paribas has hired Frederic Janbon as new head of BNP Paribas Investment Partners (IP), the Group’s asset management business replacing Philippe Marchessaux.
Duemme partners with ADS Securities to target investment opportunities in Middle East
Italian asset management firm Duemme SGR has partnered with and Abu Dhabi-based ADS Securities to offer global investors new investment opportunities in the Middle East, including through equities and fixed income.
Credit Suisse’s private banking, wealth arm posts 31% fall in Q3 pre-tax income
Credit Suisse’s private bank and wealth management unit has posted a pre-tax income of CHF647m for the third quarter of 2015, a decline of 31% compared to the same period a year ago.
Oracle launches new cloud service to automate compliance tasks
Oracle has launched financial reporting compliance cloud service to simplify and automate compliance tasks and to provide reliable and responsive compliance oversight.
Wells Fargo signs exclusive recruiting arrangement with Credit Suisse
Wells Fargo Company and Credit Suisse have signed an exclusive recruiting arrangement under which relationship managers and their clients in Credit Suisses US Domestic Private Banking business can move to Wells Fargo Advisors, the brokerage unit of Wells Fargo, by early 2016.