All articles by Verdict Staff
Verdict Staff
Europe’s total AUM reached EUR19trn in 2014: EFAMA
Europe assets under management (AuM) increased by approximately 15% in 2014 to EUR19trn, from EUR16.5trn at end 2013, according to a new report published by European Fund and Asset Management Association (EFAMA).
Technology: the key to managing change
The landscape of the financial services industry is changing at a rapid pace. Banks and wealth management firms now must cater for a new generation of customers, with different needs and expectations, while managing massively increasing compliance demands and striving for efficiency gains. As a result, the sector is under great pressure, with profit margins now 9pp lower and cost to income 6pp higher than in 2007
Labuan IBFC unveils the first international waqf foundation
Labuan International Business and Financial Centre (Labuan IBFC) has unveiled its international waqf foundation, the first Islamic foundation designed with an international market in mind, strengthening its position as an international Islamic wealth management centre.
BofA Merrill Lynch appoints new product solutions head for EMEA
Bank of America (BofA) Merrill Lynch has appointed Martin Mills as its new head of Europe, Middle East, and Africa (EMEA) product solutions division.
Standard Life Investments names new chairman
Standard Life Investments has appointed John Devine in the role of its new non-executive chairman, with immediate effect.
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Profit up 20% at Barclays’ unit that contains wealth business
Barclays’ Personal and Corporate Banking arm, which also includes the wealth business, has registered attributable profit of £576m for the first quarter of 2015, a 20% rise compared to £480m a year ago.
Bank of Georgia launches new service for HNW banking segment
Bank of Georgia, the holding company of JSC Bank of Georgia, has rolled out a new strategy for its premium banking service, dubbed Solo, targeting the HNW banking segment.
Asset management veterans launch new advisory firm in London
A group of asset management industry experts with a track record in pensions and institutional investment has launched a new financial advisory firm named City Noble.
Unigestion rolls out private debt allocator tool
Swiss asset manager Unigestion has rolled out a new private debt allocator tool, which will help identify private debt opportunities to match investment objectives of clients.
StanChart Q1 pre-tax profit slides 22%
Standard Chartered has posted a pre-tax profit of $1.46bn for the first quarter of 2015, a fall of 22% from $1.87bn in the first quarter of 2014.