All articles by Verdict Staff
Verdict Staff
RBS in talks to sell Indian private banking arm to Sanctum Wealth
Royal Bank of Scotland (RBS) is in talks to sell its Indian private banking business to Sanctum Wealth Management, a newly incorporated firm promoted by Shiv Gupta – currently managing director of RBS’ private banking operations in India.
Peapack-Gladstone Bank names new president of wealth management unit
Peapack-Gladstone Financial and Peapack-Gladstone Bank has hired Thomas Ross as executive vice president of the bank and president of Wealth Management Consultants (WMC).
Vistra names new managing director for Jersey office
Vistra, a trust, corporate and fund administration services provider, has named Jane Pearce as new managing director for Jersey office replacing Chris Burton.
Nippon Wealth selects Wolters Kluwers solution for regulatory reporting
Nippon Wealth Limited Bank (NWB), a Hong Kong-based restricted licence bank, has selected Wolters Kluwer Financial Services OneSumX suite for anti-money laundering and regulatory reporting.
Major Swedish bank selects AxiomSLs platform for regulatory reporting
AxiomSL, a provider of regulatory reporting and risk management solutions, has said that a major Swedish bank has selected its platform to centralize head-office regulatory calculations and reporting, and branch-level reporting in Germany, Norway, Finland, Poland, Denmark, Austria and UK.
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UBS wealth arm Q2 pre-tax profit surges 113%
The wealth management arm of UBS has registered profit before tax of CHF756m in the second quarter of 2015, up 113% compared to CHF355m a year ago.
Baring Asset Management expands multi-asset team
Baring Asset Management (Barings) has named James Ind and Merrick Styles to its multi-asset team.
Fosun offers to buy rest of BHF Kleinwort Benson for EUR500m
Chinese conglomerate Fosun International has offered to buy out other investors in Belgian wealth management group BHF Kleinwort Benson for EUR500m ($548m), a move to bolster its financial capabilities.
Old Mutual rolls out new Trust tools to support advisors
Old Mutual International has rolled out a new Trust Decision Tool and Trust Form Finder designed to provide advisors with additional support and improved navigation.
MUFG plans to expand asset management business in the US – report
Mitsubishi UFJ Financial Group (MUFG) is reportedly planning to acquire an asset management business with at least $2.5bn in the US.