All articles by Verdict Staff
Verdict Staff
US Bank appoints new investments MD for wealth management business
Ascent Private Capital Management, the wealth management arm of US Bank, has appointed Steve Bellman as managing director of investments.
CBA receives Chinese currency license to trade in Shanghai
China Banking Regulatory Commission (CBRC) has granted a renminbi (RMB) license to Commonwealth Bank of Australia (CBA) for its Shanghai branch.
DFS Advisory rolls out portfolio service into IFA market
DFS Advisory, a financial advisory and investment consulting firm based in Melbourne, has launched its risk-based multi-manager portfolio service into the broader IFA market.
Morgan Stanley names new private wealth management head
Morgan Stanley has appointed Vince Lumia as its new head of private wealth management business.
UMB Financial completes acquisition of Marquette Financial Companies
UMB Financial, a $16.7bn diversified financial holding company, headquartered in Kansas City, Missouri, has completed the acquisition of Marquette Financial Companies (MFC), a $1.4bn financial-services company owned by the Pohlad family, in an all-stock transaction.
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ANZ hires JP Morgan as global custodian for its ETF business
ANZ has appointed JP Morgan to offer global custody services for three equity ETFs for its newly launched exchange traded fund business.
VFMC hires State Street as custodian and administrator
The Victorian Funds Management Corporation (VFMC) has named State Street as the custodian and administrator of the A$50bn in assets, replacing NAB Asset Servicing.
Deutsche Bank to increase its Asia asset and wealth staff
Deutsche Bank is reportedly planning to increase the number of its asset and wealth management staff in Asia by 5% to 10% in 2015.
Stifel Financial in talks to acquire Barclays’ US wealth management arm
Stifel Financial, a US-based investment bank, is in advanced talks to buy Barclays’ wealth management division in the US.
GAM names Richard McNamara as new group CFO
Swiss asset manager GAM has appointed managing director for finance at Henderson Group Richard McNamara as its new group CFO.