All articles by Verdict Staff
Verdict Staff
Swiss regulator reprimands UBS for role in 1MDB scandal
Switzerland’s financial regulator has closed its investigation into UBS over its connection with the scandal-ridden Malaysian state fund 1Malaysia Development Berhad (1MDB) after sending the bank a written reprimand.
Australia’s Elders Financial snaps up two advice businesses
Australia’s Elders Financial Planning has expanded its network by acquiring two advice practices Enlighten Wealth Management and Saltbush Financial Services.
Nomura sets up new subsidiary to promote business development
Japanese bank Nomura has launched a new subsidiary that will focus on new business development and open innovation.
Captrust Financial Advisors snaps up Windsor Financial Group
North Carolina-based Captrust Financial Advisors has acquired Windsor Financial Group, a Minnesota-based advisory business, for an undisclosed sum.
Cowen to take over brokerage firm Convergex for $116m
Cowen Group, a US-based financial services firm, has agreed to purchase Convergex from the private equity firm GTCR, Bank of New York Mellon and other shareholders for $116m.
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Alter Domus sets up new office in Ireland
Alter Domus, a Luxembourg-based provider of fund and corporate services, has launched its second office in Ireland.
UBS Wealth Management bolsters Yorkshire presence
UBS Wealth Management has appointed Stephen Wilson as the new director in its Leeds office.
ZEDRA closes acquisition of Barclays UK Trust business
ZEDRA, a provider of independent trust, fiduciary, corporate and fund services, has wrapped up the acquisition of UK trust business of Barclays Bank.
Fiducian Group to take over New South Wales’ advice business
Australian financial services firm Fiducian Group has agreed to acquire a New South Wales-based financial planning business for A$1.15m.
Vistra swoops on Germany’s optegra
Vistra, a Hong Kong-based provider of corporate, trust and fund administration services, has acquired optegra, a Germany-based provider of auditing, tax consultancy, legal advisory, and management consultancy services, for an undisclosed sum.