All articles by Verdict Staff
Verdict Staff
Ogier expands dispute resolution team in Cayman Islands
Ogier has named Ulrich Payne as a new partner for its dispute resolution team in Cayman Islands.
Sensery partners with Box to power collaboration in the wealth management industry
Sensery has announced a new integration with Box that will empower the content management and secure vault capabilities that are a core component of the Sensery Client Collaboration Platform.
EFG International appoints new CEO
Swiss lender EFG International has named Joachim Straehle as its new CEO, who will replace John Williamson.
RBCs wealth arm fined in US for selling risky investment products
The Financial Industry Regulatory Authority (FINRA) has ordered RBC Capital Markets to pay a $1m fine and approximately $434,000 in restitution to customers for supervisory failures resulting in sales of unsuitable reverse convertibles.
Alibabas top executive to set up multibillion-dollar family office
Alibaba Group Holding executive vice chairman Joseph Tsai is reportedly forming a multibillion-dollar family office to invest the wealth created by the Chinese e-commerce firm’s $25bn New York IPO.
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Swiss cantonal bank BCV Q1 operating profit up 11%
Swiss cantonal bank Banque Cantonale Vaudoise (BCV) has posted an operating profit of CHF131m for the first quarter of 2015, up 11% or CHF13m compared to the year ago quarter.
Fund expense ratios decline in 2014, investors increasingly seek low-cost funds: Morningstar
Investors are paying less for fund management, as most fund flows have gone into lower-cost funds, while increased assets under management are pushing overall industry fee revenue higher, according to a study of fund fees by Morningstar.
JTC appoints new director in Guernsey
JTC, an independent provider of fund, corporate and private client services, has appointed Steve Bougourd as a director in its Guernsey office.
Advisor Partners and SSG Provide advisors with asset allocation portfolio solution
Advisor Partners, a turnkey asset management program, has signed an agreement with Shareholders Service Group (SSG), a brokerage and custodial firm for independent registered investment advisors, to provide advisors working with SSG a comprehensive, institutional-caliber global asset allocation product lineup to cater to the full spectrum of risk tolerances.
Top multi-family offices and wealth advisor firms breaking away from the pack: FOX
Profitability is growing among multi-family offices and wealth advisors and, at the same time, profit margins and revenue growth are showing increasing divergence, according to a new study from Family Office Exchange (FOX).