All articles by Verdict Staff
Verdict Staff
SkyBridge Capital opens office in South Korea
SkyBridge Capital, a US-based alternative investment firm, has launched a new office at Two IFC Building in Yeoido in Seoul, South Korea.
Coutts International CEO set to depart post UBP takeover-report
Coutts International’s chief executive Alexander Classen is set to step down within the coming two to three weeks following its sale by RBS to Swiss private bank UBP.
Bronfman E.L. Rothschild acquires Lake Country Wealth Management
Bronfman E.L. Rothschild has acquired Lake Country Wealth Management (LCWM), which provides fully integrated fee-for-service financial planning advice, insurance solutions, and advises on assets totaling over $120m.
Fulcrum Asset Management rolls out global multi-asset fund
London-based Fulcrum Asset Management has rolled out a new global multi-asset fund, dubbed Fulcrum Diversified Absolute Return Fund.
BNP Paribas fined $140m for violating US sanctions
A US court has fined French banking giant BNP Paribas $140m and sentenced to five years probation in connection with an $8.9bn settlement resolving claims that it violated sanctions against Sudan, Cuba and Iran.
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HFT Investment names new CEO
Fund manager HFT Investment Management, a joint venture company between BNP Paribas Investment Partners and Haitong Securities, has appointed Patrick Liu as its new CEO, according a Reuters report.
HSBC sees 5% rise in Q1 adjusted pre-tax profit
HSBC has posted adjusted profit before tax of $6.89bn in the first quarter of 2015, a rise of 5% compared with $6.54bn a year ago.
ANZ sees 5% rise in H1 cash profit; wealth unit profit up 11%
Australia and New Zealand Banking Groups (ANZ) first half cash profit increased 5% to $3.7bn in the first-half.
Perpetual Private bolsters investment research team
Perpetual Private, the wealth management division of Perpetual, has appointed David Blunt and Deana Leong in the role of investment research analysts for its investment research team.
UBS wealth arm Q1 pre-tax profit surges 54%
The wealth management arm of UBS has registered a pre-tax profit of CHF951m in the first quarter of 2015, up 54% compared to CHF619m a year ago.