All articles by Verdict Staff
Verdict Staff
QIC appoints Northern Trust as global custodian
QIC, Australias institutional fund manager, has appointed Northern Trust to provide global custody, fund accounting, taxation and associated services for its range of Australian fund products.
UBS collaborates with Mercer to expand manager research offering
UBS Wealth Management Americas (WMA) has struck a strategic relationship with institutional investment consulting firm Mercer Investments to expand manager research offering.
Allianz Global Investors names new US chief
Allianz Global Investors (AllianzGI), the asset management arm of German insurer Allianz, has appointed Douglas Eu as its new CEO for the US.
PKB Privatbank selects SunGards Ambit Private Banking solution suite
Swiss private lender PKB Privatbank has deployed SunGards Ambit Private Banking solution suite to achieve more flexibility, operational efficiency and agility.
China’s ICBC forges alliance with IDB to tap Islamic finance market
The leasing arm of Industrial and Commercial Bank of China (ICBC) has signed a collaboration agreement with the Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB).
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AXA Wealths FUM up 13% in Q1
AXA Wealths funds under management (FUM) increased 13% to £29.1bn in the first quarter of 2015 from £25.7bn a year earlier.
ING Group Q1 net result dips 7.7%
Dutch banking major ING Group has posted a net result of EUR1.77bn in the first quarter of 2015, down 7.7% from EUR1.92bn a year ago.
BizEquity launches new Advisor Office service
BizEquity, an online provider of business valuation knowledge and big data, has launched its new dedicated Advisor Office subscription service for wealth managers, registered investment advisors and insurance advisors.
Net income up 11% at Credit Agricole unit that contains private banking business
Credit Agricole’s savings management and insurance business line, which encompasses asset management, insurance, private banking and asset servicing units, has posted a net income of EUR438m for the first quarter of 2015, an increase of 10.7% compared to EUR395m a year ago.
Swiss private bank UBP hires new Asia head
Swiss private bank Union Bancaire Privee (UBP) has named Eric Morin as its new head of its Asian operations.