All articles by Verdict Staff
Verdict Staff
HSBC H1 pretax profit up 10%
British banking giant HSBC posted a pretax profit of $13.6bn for the first half of 2015, an increase of 10% from $12.3bn a year earlier.
EFG Hermes names new head of asset management business development
EFG Hermes, an Egypt-based investment bank, has named Sadiq Hussain as managing director within its asset management division to head business development.
PwC expands private company services practice across Florida
PwC U.S. has expanded its Private Company Services (PCS) practice throughout the Florida state, which is experiencing consistently strong GDP growth over the last two years.
Krung Thai AM selects Charles River for investment management solution
Krung Thai Asset Management (Krung Thai AM) has selected the Charles River Investment Management Solution (Charles River IMS) for automated portfolio management, trading and compliance monitoring.
Man Group adjusted pretax profit surges in H1
Man Group, a London-based hedge fund firm, has posted adjusted pretax profit of $280m for the first half of 2015, a surge of 89% compared to $148m a year ago.
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Three more Swiss banks reach tax evasion deal with US DoJ
Swiss banks PKB Privatbank, Falcon Private Bank and Credito Privato Commerciale in liquidazione SA (CPC) have reached resolutions with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Pre-tax income down 5% at BNP Paribass wealth and asset management arm in H1
The wealth and asset management arm of BNP Paribas has posted a pre-tax income of EUR356m for the first half of 2015, a decrease of 5% compared to EUR376m in the corresponding half of 2014.
Chinese wealth manager Noah partners with UBP to boost global capacity
Noah Holdings, a provider of wealth management services in China, has entered into a cooperation deal with Swiss private bank UBP to bolster its global capabilities in research and product designing.
Banco Santander reports 24% jump in H1 profit
Spanish banking major Banco Santander has posted an ordinary attributable profit of EUR3.43bn for the first half of 2015, an increase of 24% compared to EUR2.75bn a year ago.
Mercer names new UK head of investments
Superannuation consulting firm Mercer has appointed Steven Blackie as the new head of investments for UK.