All articles by Verdict Staff

Verdict Staff

Thomas Miller Investment appoints new business development director

Thomas Miller Investment (TMI), a UK-based asset manager, has named Bruce Ely-Johnston as new business development director.

BNY Mellon reports 50% rise in Q2 income

The Bank of New York Mellon (BNY Mellon) has reported second quarter net income applicable to common shareholders of $830m, or $0.73 per diluted common share, an increase of nearly 50% compared with $554m, or $0.48 per diluted common share a year ago.

Julius Baer H1 profit drops following US charge; to buy stake in Mexican advisory firm

Swiss wealth manager Julius Baer has posted a net profit of CHF39.7m for the first half of 2015, a dip of 78% compared to CHF178.9m a year ago.

CBNRI opens wealth management research center in Shanghai

CBNRI, a non-profit independent think tank research organization of First Financial Research, in collaboration with Jinlu Financial Advisor has established a new wealth management research center in Shanghai.

FCA chief executive Martin Wheatley resigns

Martin Wheatley had resigned as CEO of the Financial Conduct Authority (FCA) after the British government refused to extend his contract, which was due to end in March 2016.

GoldCore sells wealth management arm

Gold broker GoldCore has completed the sale of its wealth management division in a management buyout following the receipt of approval from the Central Bank of Ireland.

Julius Baer names new head for Switzerland

Bank Julius Baer has named Barend Fruithof as new region head for Switzerland, effective 1 October 2015.

OMGI names new global head of investment consultant relationships

Old Mutual Global Investors (OMGI) has named Craig Stevenson as global head of investment consultant relationships to spearhead the fund manager’s push into the institutional sector.

Morgan Stanley wealth arm Q2 pre-tax income up 16%

Morgan Stanley’s wealth management arm registered a pre-tax income of $885m for the second quarter of 2015, up 16% compared with $763m in the corresponding quarter of 2014.

FE introduces new data management service for asset managers

FE, a financial data and research company, has introduced a new data management service for asset managers, called Precision +.