All articles by Verdict Staff
Verdict Staff
VP Bank combines fund businesses in Luxembourg and Liechtenstein
Liechtenstein-based private bank VP Bank has combined its fund businesses in Luxembourg and Liechtenstein, which will now operate under the single name VP Fund Solutions.
UK offloads 5.4% stake in RBS for £2.08bn
The Britain government has kicked off a long-awaited privatisation of the Royal Bank of Scotland Group (RBS) by selling a 5.4% stake in the bank for £2.08bn ($3.24bn).
Brown Shipley’s private banking head to step down
Brown Shipley’s head of private banking Hugh Titcomb is set to step down from his role by the end of September 2015 to focus on his role as non-executive chairman of Harpenden Building Society.
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.
IOMA Group spins off asset management arm-report
IOMA Group, an Isle of Man-based wealth management firm, has reportedly spun out its asset management arm in a management buyout by two of its senior executives.
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OCBCs private banking arm sees 6% rise in AuM in H1
Assets under management at OCBC Groups private banking division rose 6% to $54bn (SGD73bn) during the first half of 2015, from $51bn (SGD64bn) a year earlier.
Sun Life Financial completes purchase of investment manager Prime Advisors
Sun Life Financial has completed the acquisition of American investment manager Prime Advisors.
Kelly Wealth Management creates celebrity division
Kelly Wealth Management (KWM) at HighTower has launched a new division to work with professional athletes, coaches and entertainers, Financial Advisor has reported.
Natixis private banking assets reach EU427.2bn in H1
French bank Natixis said that its private banking unit’s assets under management increased 10% to EU427.2bn at the end of June 2015, compared with year-end 2014.
BMO Private Bank Asia gets new CEO
BMO Financial Group has appointed Monique Chan as CEO of BMO Private Bank Asia, effective 3 August 2015.