All articles by Verdict Staff
Verdict Staff
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.
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.
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Ameriprise to buy retail assets of JHS Capital Advisors
Ameriprise Financial has signed a definitive agreement to acquire the retail assets of JHS Capital Advisors (JHS), an independent broker-dealer and investment advisor based in Tampa, Florida.
St. Jamess Place FuM up 22% Q1
British wealth manager St. James’s Place (SJP) said its funds under management (FuM) in the first quarter of 2015 increased up 22% to £55.8bn from £45.8bn a year earlier.
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.
JPMorgan to merge UK funds following strategic review
JPMorgan Asset Management is planning to merge its underperforming UK Focus fund with its UK Dynamic fund as a part of its strategic review to simplify the firm’s fund range.