All articles by Verdict Staff
Verdict Staff
AXA Wealth FUM up 9% in H1
AXA Wealth’s overall funds under management (FUM) in the first half of 2015 rose by 9% to £28.8bn from £26.5bn a year ago.
SocGens asset and wealth management arm records 20% jump in Q2 income
The asset and wealth management business of French bank Societe Generale has reported net income of EUR72m for the second quarter of 2015, an increase of 20% compared to EUR60m in the year ago quarter.
Mediobanca to buy majority stake in credit asset manager Cairn Capital
Italian investment bank Mediobanca has agreed to acquire a majority stake in Cairn Capital Group, a London-based credit asset management and advisory firm.
Credit Suisse names new head of EMEA and Swiss asset management distribution
Swiss wealth manager Credit Suisse has named Harald Reczek as head of EMEA and Swiss distribution for its asset management business.
EQ Investors rolls out new investment service for HNWIs
EQ Investors, a UK-based wealth manager led by Bestinvest founder John Spiers, has rolled out a new investment service for high-net-worth individuals (HNWIs), companies and charities with over £750,000 to invest.
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Legg Mason Q1 operating income up 31%
Legg Mason, a US-based investment management firm, has posted net income of $94.5m, or $0.84 per diluted share for the first quarter of fiscal year 2016, up 31% compared to $72.2m, or $0.61 per diluted share a year ago.
JPMorgan Asset Management names new Asia Pacific CEO
JPMorgan Asset Management has named Michael Falcon as new CEO of Asia Pacific, global investment management.
UCA Funds Management selects Northern Trust for custody services
UCA Funds Management has selected Northern Trust to provide global custody services for its range of Australian fund products.
Standard Life Investments pre-tax operating profit up 6% in H1
Standard Life Investments has posted an operating profit before tax of £290m for the first half of 2015, an increase of 6% compared to £274m a year ago.
Investec Wealth & Investment expands research team
Investec Wealth & Investment has appointed four new members to its research team to broaden its coverage to include an additional range of sophisticated collective and fixed income instruments.