All articles by Verdict Staff
Verdict Staff
State Street records 6% rise in Q1 net income
State Street has posted a net income available to common shareholders of $377m for the first quarter of 2015, up 5.89% compared to $356m in the corresponding quarter of 2014.
JHC introduces new platform for wealth and investment managers
JHC, a provider of software and services to the wealth and investment management industries, has launched a new application platform named Element.
BILs 2014 pre-tax income surges 17%
Banque Internationale à Luxembourg (BIL) has posted a pre-tax income of EUR164m for the year ended 31 December 2014, a rise of 17.4% compared to the year ago.
Reform of the non-dom rules
The forthcoming election has brought the tax affairs of non-doms into the headlines. The Labour Party has said that, if elected, it will abolish non-dom status. The Conservative party has not addressed non-dom status directly but there are indications that, while it values the contribution of non-doms to the UK economy, it may take steps to tighten up the rules
Takaud sets up new wealth management division
Takaud, a specialist savings and pensions provider based in Bahrain, has launched a new wealth management division.
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DBS Group records 3.25% rise in Q1 profit
DBS Group has posted a net profit of SGD1.27bn including exceptional items for the first quarter of 2015, up 3.25% compared to SGD1.23bn in the first quarter of 2014.
Reliance Capital and Samsung AMC tie up for investment strategies
Indian fund house Reliance Capital Asset Management (RCAM) has signed a MoU with South Korean asset management firm Samsung Asset Management (Samsung AMC) for a strategic alliance to explore business opportunities and launch funds in each others turf.
Sesame Bankhall names Intrinsic as preferred network partner
UK-based advisory group Sesame Bankhall (SBG) has named Intrinsic as its preferred network partner for investment advisers who decide to leave the network.
Wilmington Trust hires senior fiduciary officer for Florida wealth advisory team
Wilmington Trust has hired Susan McCluskey as senior fiduciary officer for its wealth advisory office in Palm Beach, Florida.
Deutsche AWMs Q1 pre-tax income up 75%
Deutsche Asset & Wealth Management (Deutsche AWM) posted a pre-tax income of EUR291m for the first quarter of 2015, up 75% compared to the corresponding quarter of last year.