All articles by Verdict Staff
Verdict Staff
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 Mercers 21st annual Cost of Living Survey.
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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.
Westpac acquires strategic stake in cyber security firm QLabs
Australian banking major Westpac has acquired an 11% stake in Canberra-based cyber security firm QuintessenceLabs (QLabs), which specialises in quantum technology-based online security.
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.
Investors taking risk-off stance amid interest rate and grexit concerns: BofA Merrill Lynch
Global investors have moved out of equities into cash ahead of an expected U.S. Fed rate hike, according to Junes BofA Merrill Lynch Fund Manager Survey (FMS).
Annex Wealth Management to open new office in Delafield, Wisconsin
Annex Wealth Management, based in Elm Grove, Wisconsin, is planning to expand its footprint by launching its third office in Delafield.