All articles by Verdict Staff
Verdict Staff
Emirates NBD retail, wealth arm registers marginal rise in H1 income
The Retail Banking and Wealth Management (RBWM) division of Emirates NBD has reported a total income of AED2.82bn for the first half of 2015, a marginal rise of 1.07% from AED2.79bn in the year ago half.
Thomson Reuters, Solvency II Wire launch regulatory diagnostic tool for asset managers
Thomson Reuters in partnership with Solvency II Wire has unveiled an online diagnostic tool to help asset managers and insurance assess readiness to comply with Solvency II regulatory obligations.
BlackRock Q2 profit rises to $819m
American fund manager BlackRock has posted a net income $819m, or $4.84 a share for the second quarter of 2015, a marginal rise of 1.3% from $808m, or $4.72 a year ago.
Vestmark snaps up Advanced Objects’ proposal generation technology
Vestmark, a wealth management technology provider, has acquired proposal generation and sales analytics technology from Advanced Objects, a Chicago-based provider of financial technology and consulting services.
UBS to open new branch in Shanghai
UBS is reportedly planning to open a branch in Shanghai in 2015 to strengthen its presence in mainland China.
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Challengers Fidante Partners acquires Dexion Capital
Fidante Partners, a funds management division of Challenger in Australia, has agreed to purchase 100% of Dexion Capital, a UK-based alternative investments group, for £19.6m.
Fairfax to acquire 26% stake in IIFL
Fairfax India said that its wholly-owned subsidiary, FIH Mauritius Investments together with certain of its affiliates have agreed to acquire 26% stake in IIFL Holdings for INR16.21bn ($255m).
SS&C Technologies launches private capital business unit
SS&C Technologies, a provider of financial services software and software-enabled services, has launched a private capital business unit that will focus on supporting foundations, endowments and family investment offices.
Wells Fargo wealth arm sees 11% rise in Q2 income
The Wealth, Brokerage and Retirement (WBR) division of Wells Fargo has posted a net income of $602m for the second quarter of 2015, up 11% compared to $544m in the year ago quarter.
JPMorgan Q2 net income rises to $6.29bn
American banking giant JPMorgan Chase has posted a net income of $6.29bn for the second quarter of 2015, an increase of 5% compared to $5.98bn in the year ago quarter.