All articles by Verdict Staff
Verdict Staff
Nikko Asset Management appoints new leadership to bolster US operation
Nikko Asset Management has hired Fred DeSerio as senior managing director, head of sales and co-head of the business for the Americas in a bid to bolster its business development capability in the US.
State Street records 34% fall in Q2 net income as legal costs rise
State Street has posted a net income available to common shareholders of $393m for the second quarter of 2015, down 34% compared to $602m in the corresponding quarter of 2014.
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.
SYZ Asset Management names new chief economist
SYZ Asset Management has named Adrien Pichoud as its new chief economist. He will serve as a member on the Strategy Committee, which defines the group’s investment policy.
Liechtensteinische Landesbank posts operating income of CHF157m in H1
The Liechtensteinische Landesbank (LLB) has reported an operating income of CHF 157m in the first half of 2015. Operating expenses were CHF109m.
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Raymond James’ private client group registers 6% rise in Q3 pretax income
The private client group of Raymond James Financial has reported a pretax income of $86.4m for the fiscal third quarter of 2015, an increase of 6% compared to the prior year quarter.
Two more Swiss banks reach deal with US to settle possible tax evasion cases
Swiss private banks SB Saanen Bank and Privatbank Bellerive have reached resolutions with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Ares Management to merge with Kayne Anderson to form Ares Kayne Management
Ares Management has agreed to merge with Kayne Anderson Capital Advisors to form a new investment firm with $113bn in assets under management.
Wells Fargo to implement SEI next-generation wealth platform
Wells Fargo has decided to adopt SEIs next-generation, wealth management technology solution, SEI Wealth Platform, to meet future needs of clients.
eVestment launches retail investment solution for advisors
eVestment, a provider of data and analytics platforms to institutional investing community, has launched its first retail investment solution, dubbed as SmartVison Analytics.