All articles by Verdict Staff

Verdict Staff

Aberdeen Asset Management posts rise in profit despite net outflow

Aberdeen Asset Management has posted pretax profit of £185.4m during the six months ended 31 March 2015, an increase of nearly 10% compared with £168.7m a year ago.

Qatar Investment Authority to open office in US

The Qatar Investment Authority (QIA), the Doha-based sovereign wealth fund, is set to open a new office in New York.

UBS Wealth Management Americas’ second-in-command retires

Bob Mulholland, UBS Wealth Management Americas’ Client Advisory Group head has retired, according to a memo distributed to the firm’s 7,000 advisers.

SYZ ventures into corporate advisory segment

Swiss banking group SYZ has forayed into corporate advisory business in partnership agreement with investment banking boutique Rausch Partners, which specialises in corporate finance, capital restructuring and mergers & acquisitions.

London sees banking jobs jump by 34% in April

Job creation in the City of London – the UK’s financial heart -rose by 34% in the last month, with the number of new roles rising from 3,030 in March, to 4,070 in April, according to a new study by recruitment firm Astbury Marsden.

Societe Generale private banking sees 16% jump in Q1 net banking income

The private banking business of French bank Societe Generale has reported net banking income of EUR240m for the first quarter of 2015, an increase of 16% compared to the year ago quarter.

LGT deploys Secure Islands’ IQProtector to protect sensitive data and customer privacy

LGT, a family-owned private banking and asset management group, is conducting a global rollout of its flagship solution, IQProtector.

BNY Mellon launches one-stop automated process for ETF creation and redemption

BNY Mellon has introduced the industry’s first one-stop process for authorized participants (APs) to automate the creation and redemption of exchange traded funds (ETF).

BNP Paribas Wealth Management makes senior hires for India

BNP Paribas Wealth Management has recruited Samir Bimal as its new managing director and head of Indian markets.

Equiom Group takes over Lloyds Trust Company and its subsidiaries

Equiom Group has expanded its Channel Islands footprint by completing the acquisition of Lloyds Trust Company (Channel Islands) along with its subsidiaries.