All articles by Verdict Staff
Verdict Staff
RBS private banking arm swings to loss in Q2
The private banking business of RBS has registered an operating loss of £78m for the second quarter of 2015, compared to operating profit of £70m a year ago.
Northern Trust names new IRAS head for Asia Pacific
Northern Trust has named Simon Willcox as new head of investment risk and analytical services (IRAS) for the Asia Pacific region, effective 3 August 2015.
Brewin Dolphin records 8% rise in FuM
British wealth manager Brewin Dolphin has reported that its total discretionary funds under management (FuM) increased to £25.6bn for the third quarter ended 30 June 2015, up 8% compared to £23.7bn in the year ago period.
State Bank of India to foray into wealth management business-report
State Bank of India (SBI) is set to foray into wealth management business to tap young professionals between 25 and 35 years, The Economic Times has reported.
LPL Financial introduces Vendor Affinity Program for advisors
LPL Financial has launched a new Vendor Affinity Program to help advisors reduce the complexity and costs of running their businesses.
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Profit up 6% at Barclays’ unit that contains wealth business
Barclays’ Personal and Corporate Banking arm, which also includes the wealth business, has registered attributable profit of £1.1bn for the first half of 2015, a 6% rise compared to £1.04bn a year ago.
Bank of the West names new chief fiduciary officer for wealth arm
Bank of the West, a subsidiary of BNP Paribas, has appointed Doug Sherry as chief fiduciary officer within its Wealth Management Group.
Platinum AM launches Asia-focused LIC portfolio
Australias Platinum Asset Management (PAM) has launched Platinum Asia Fund listed investment company (LIC) to invest in Asia, outside of Japan.
St. Jamess Place FuM up 16% in H1
British wealth manager St. James’s Place (SJP) said its funds under management (FuM) in the first half of 2015 increased 16% to £55.5bn from £47.6bn in 2014.
EFG International net profit falls 12% in H1
Swiss private bank EFG International has reported an underlying net profit of CHF51m for the first half of 2015, down 12% compared to CHF57.7m a year ago.