All articles by Verdict Staff
Verdict Staff
Credit Suisse eyeing expansion in Asia-report
Swiss private bank Credit Suisse is reportedly planning to bolsters its private banking business in Asia by raising headcount or acquiring a smaller peer, according to Reuters.
Credit Suisse’s private banking, wealth arm swings to profit in Q2
Credit Suisse’s private bank and wealth management unit has posted a pre-tax income of CHF937m for the second quarter of 2015, compared to loss of CHF749m a year ago.
Northern Trust Q2 net income surges 48%
Northern Trust has registered a net income of $269.2m for the second quarter of 2015, up 48% compared to $181.9m in the corresponding quarter of 2014.
Aberdeen Asset Management unveils new multi-asset income fund
Aberdeen Asset Management has unveiled a new Aberdeen Global Multi-Asset Income Fund to meet the increased demand for multi-asset investment products in a low-rate environment.
Bank of the West names new head of family office
Bank of the West, a subsidiary of BNP Paribas, has named Eric Sanderson as new head of family office and strategic planning services within its wealth management group.
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Nomura partners with Japan Post, Sumitomo Mitsui to set up new asset management firm
Nomura Holdings has reached an agreement with Japan Post Bank and Sumitomo Mitsui Trust Bank to set up a new asset management company as well as develop asset management products.
BlackRock receives license to raise funds in China
American fund manager BlackRock has reportedly received Qualified Domestic Limited Partnership (QDLP) license that will enable it to raise funds in China directly for the first time.
Billionaire James Simons hires BofA CIO to run his family office
Hedge fund billionaire James Simons has poached former BofA Merrill Lynch Wealth Management CIO Ashvin Chhabra to run his family office, Euclidean Capital.
HSBC to launch new global equity dividend fund in Hong Kong
HSBC Global Asset Management is set to launch a new global equity dividend fund in Hong Kong, which will invest in companies with dividends.
Arbuthnot Banking Group names new non-executive director
Arbuthnot Banking Group has appointed Ian Dewar as a non-executive director to its Board, effective 1 August 2015.