All articles by Verdict Staff
Verdict Staff
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.
Bank of America’s wealth arm sees 5% slide in Q2 net income
The Global Wealth and Investment Management segment of Bank of America has reported a net income of $690m for the second quarter of 2015, down 5% compared to $726m a year ago.
deVere names new risk and compliance head for Africa
Financial advisory firm deVere has named Samantha Lance as new head of risk and compliance for Africa, replacing Erica Steeman-Duncan who has left the firm to launch her own business.
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.
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.
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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.
Aberdeen Asset Management hires new retirement savings head
Aberdeen Asset Management has hired Labours former shadow pensions minister Gregg McClymont as new head of retirement savings.