All articles by Verdict Staff

Verdict Staff

EY to buy Integrc to boost GRC client offering

Consulting firm EY has agreed to acquire Integrc, a privately owned governance, risk and compliance (GRC) services to companies that run SAP, to bolster its governance, risk and compliance consulting services.

Macquarie to refund wealth management clients affected by system errors

Australia’s Macquarie Investment Management has decided to refund money to its wealth management clients affected by system errors occurred between 2001 and 2014.

Northern Trust selects Cloudera to enhance enterprise data management

Northern Trust has launched a technology infrastructure initiative based on technology from Cloudera, a provider of enterprise analytic data management powered by Apache Hadoop.

Nearly a million new millionaires created globally in 2014: Capgemini, RBC report

Strong economic and equity market performance helped create nearly a million (920,000) new millionaires globally in 2014, as high net worth individuals (HNWIs) grew in both number and wealth to 14.6m and US$56.4trn, respectively.

First Republic Investment Management to buy Constellation Wealth Advisors

First Republic Investment Management, a wholly-owned subsidiary of US-based private bank and wealth manager First Republic Bank, is set to acquire Constellation Wealth Advisors for nearly $115m.

African, Asian, European cities dominate the list of most expensive locations for expats: Mercer

Just as foreign exchange costs create headwinds for many multinational organizations, currency fluctuations – driven by economic and political unrest – are contributing to the cost of expatriate packages for those on the front line of globalization of their organizations, according to Mercer’s 21st annual Cost of Living Survey.

HSBC opens new International Banking Centre in Malta

HSBC has set up a new International Banking Centre (IBC) in Sliema, Malta, which will focus on serving customers who travel extensively or who are relocating to or from Malta.

Morgan Stanley banking on digital wealth management tools to usher growth

Morgan Stanley sees digital wealth management tools as next growth engines, and new cash management and payments tools as the enablers for improving customer relationships, said the bank’s CFO Jonathan Pruzan.

Amundi names Societe Generale executive as its deputy CIO

French asset manager Amundi has appointed Societe Generale’s senior manager Vincent Mortier as its new deputy CIO.

Three French groups launch new money manager acquisition platform

French groups Amundi, Eurazeo and La Maison have launched money manager acquisition platform IM Square, to promote international asset managers in the US.