All articles by Verdict Staff
Verdict Staff
More millennials lacking trust in financial institutions: Study
US millennials (69%) — aged 18 to 34 years — were more likely to trust financial institutions, a trust that was still missing compared to consumers age 35 to 54 (59%) and 55 and over (54%), according to the 2015 Makovsky Wall Street Reputation Study.
BNP Paribas Wealth Management names new managing director for NRI unit
BNP Paribas Wealth Management has appointed Harjeet Singh as its new managing director, team head and senior banker for Non Resident Indians (NRI) Singapore and Southeast Asia.
Narrative Science launches new wealth management reporting solution
Narrative Science, a provider of advanced natural language generation for the enterprise, has launched its new wealth management solution, Quill Portfolio Review.
ACE Life opens wealth management centre in Hong Kong
ACE Life, the global life insurance division of ACE Group, has opened a wealth management centre in Hong Kong to target the growing needs of high-net-worth individuals in Hong Kong.
Pramerica set to buy Deutsche AMCs Indian mutual fund arm
Pramerica Mutual Fund is set to acquire the India assets of Deutsche Asset Management Company (Deutsche AMC) for INR4bn ($62.38m).
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US appeal court dismisses JPMorgan shareholder lawsuit over London Whale scandal
A US federal appeals court in New York has dismissed the lawsuit brought by JPMorgan shareholder Ernesto Espinoza against the bank over London Whale trading scandal that caused $6.2bn in losses.
Legal & General seeking buyers for French private banking, insurance arms
British group Legal & General is reportedly looking for buyers for its private-banking and insurance divisions in France.
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 banks CFO Jonathan Pruzan.
Amundi names Societe Generale executive as its deputy CIO
French asset manager Amundi has appointed Societe Generales senior manager Vincent Mortier as its new deputy CIO.
Chinas Pudong Bank to acquire Shanghai Trust for $2.6bn
Shanghai Pudong Development Bank is planning to acquire 97.3% stake in Chinese investment firm Shanghai International Trust for CNY16.4bn ($2.6bn).