All articles by Verdict Staff
Verdict Staff
BTG Pactual poaches CIO of Pictets wealth management division
Brazilian financial services firm BTG Pactual has hired Pictet’s CIO for wealth management division Yves Bonzon as new partner at BSI, the Swiss private banking unit it is purchasing from Italian insurer Generali.
Quilter Cheviot to open office in Dubai-report
Quilter Cheviot is planning to open an office in the Dubai International Financial Centre (DIFC) as part of its strategy to expand presence in the Middle East.
UK revamps tax regime for banks
The UKs Chancellor of the Exchequer George Osborne has decided to slash levy banks pay on their balance sheets and replace it with an 8% surcharge on their profits, effective 1 January 2016.
CIBAFI, World Bank sign MoU to foster cooperation on Islamic finance
The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the World Bank have signed a memorandum of understanding (MoU) to foster the development of Islamic finance globally.
DST Systems to buy Wealth Management Systems for $64m
DST Systems has agreed to acquire Wealth Management Systems, a New York-based employee benefit and technology services company, for $64m.
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SS&C completes purchase of Advent Software
SS&C Technologies, a provider of financial services software, has completed the purchase of Advent Software, a provider of software and services for investment management industry.
India signs FATCA deal with US to curb tax evasion
India has signed the Foreign Account Tax Compliance Act (FATCA) agreement with the US to fight offshore tax evasion.
CITIC in talks to buy Russell Investments from LSE
Chinese conglomerate CITIC Group is reportedly in talks with London Stock Exchange (LSE) to buy Seattle-based global asset management firm Russell Investments.
Two more Swiss banks cut tax evasion deal with US Justice Department
Swiss private banks Banque Pasche and Arvest Privatbank have reached resolutions with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Maples Fiduciary opens new office in Amsterdam
Maples Fiduciary, a division of MaplesFS and a provider of specialised fiduciary and corporate administration services, has opened a full-service office in Amsterdam, Netherlands.