All articles by Verdict Staff
Verdict Staff
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).
Westpac to offload stake in its wealth management unit
Australian bank Westpac is planning to sell part of its shareholding in its wealth management arm, BT Investment Management (BTIM), in a drive to raise capital.
BNY Mellon names new global head for private equity and real estate fund services
BNY Mellon has appointed Alan Flanagan as its new global head of private equity and real estate (PE&RE) fund services.
L&G mulling to put Cofunds on the block
British multinational financial services firm Legal & General (L&G) is considering a sale of Cofunds merely two years after it bought the investment platform.
Invesco Powershares launches UCITS-qualified ETF
Invesco Powershares has launched a UCITS-qualified exchange-traded fund to open up the S&P 500 Index to UK smart beta investors.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
HSBC, JPMorgan may relocate parts of businesses to Luxembourg from UK -report
HSBC and JPMorgan Chase are reportedly in talks to relocate parts of their operations to Luxembourg from the UK considering the possibility of a British exit from the European Union.
Baird launches new wealth management office in Wichita, Kansas
Milwaukee-based brokerage firm Robert W. Baird & Co. (Baird) has opened a new wealth management office in Wichita, Kansas and has scooped up 10 wealth management professionals.
Asia’s banking systems less exposed to currency risks: Fitch
Asia’s emerging market (EM) banking systems are better positioned, although not immune, to currency risks as currency volatility increases due to rising US interest rates and slowing regional economic growth, according to a report by Fitch Ratings.
Barclays appoints Citis Dena Brumpton as head of UK Private Bank
Barclays Wealth and Investment Management has appointed Dena Brumpton as head of UK private bank. She will be responsible for running the UK private banking business and helping to drive Barclays growth strategy in the UK.
Aberdeen Asset Management divests £100m stake to Mitsubishi
Aberdeen Asset Management has agreed to sell a stake worth £100m to Japanese financial institution Mitsubishi UFJ Trust and Banking.