All articles by Verdict Staff
Verdict Staff
Fiducian to buy Sydney-based financial planning firm
Australian financial services firm Fiducian Group has agreed to acquire another Sydney-based financial planning practice with $85m in funds under advice for a consideration of $2.4m in cash and some shares.
FIS to acquire SunGard for $9.1bn
FIS, a provider of banking and payments technology solutions, has agreed to buy US-based financial software firm SunGard in a cash-stock deal worth $9.1bn.
Credit Suisse appoints new CEO for Mexico
Swiss private banking giant Credit Suisse has named Pedro Jorge Villarreal as new CEO of Mexico, replacing Hector Grisi.
Equistone completes management buyout of Wealth at Work
Equistone Partners Europe, an investment firm owned by former executives of Barclays Private Equity, has completed the £50m management buyout of financial services company Wealth at Work from Palatine Private Equity.
Objectway to acquire BETA Global from Thomson Reuters
Objectway, a provider of software and services to the EMEA investment management industry, has agreed to buy BETA Global, a wealth and investment transaction processing system, from Thomson Reuters.
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Fortnum Financial to merge with netwealth subsidiary FPSA
Financial planning licensee Fortnum Financial has agreed to merge with netwealth’s subsidiary Financial Planning Services Australia (FPSA), creating a new entity.
Julius Baer appoints Jimmy Lee to head Asia Pacific
Jimmy Lee will replace Dr Thomas R. Meier as head of Asia Pacific at Julius Baer, effective 1 January 2016.
Hargreave Hale opens new office in Norwich
Hargreave Hale has opened a new office in Norwich, which will be led by former Brewin Dolphin investment manager Richard Larner, reported citywire.co.uk.
Pre-tax income up 5% at Stifels wealth unit in Q2
Stifel Financial’s Global Wealth Management (GWM) segment has posted income before income taxes of $93.9m for the second quarter of 2015, up 5.5% compared to $89.09m in the year ago quarter.
BlackRock names new head of iShares business in Nordics
American fund manager Blackrock has named Jan Bratteberg as the new head of the firm’s iShares business in the Nordics.