All articles by Verdict Staff
Verdict Staff
Santander Asset Management to merge with Pioneer Investments
Banco Santander and its partners Warburg Pincus and General Atlantic have inked a preliminary agreement to merge Santander Asset Management and Pioneer Investments to create a global asset manager in Europe and Latin America.
CIBC eyeing C$2bn wealth management deal in US
Canadian Imperial Bank of Commerce (CIBC) is in talks with several US firms on potential C$2bn ($1.63bn) wealth-management and private-banking acquisition in US, the banks CEO Victor Dodig said.
Goldman Sachs Asset Management to buy Pacific Global Advisors
Goldman Sachs Asset Management (GSAM) has struck an agreement to acquire New York City-based Pacific Global Advisors from Pacific Life Insurance Company.
Deutsche Bank fined $2.5bn for Libor rate manipulation
Deutsche Bank has agreed to pay $2.5bn to the US and UK regulators to resolve allegations that it manipulated the Libor benchmark rate.
Guernsey Finance names director of international business development
Guernsey Finance has hired Kate Clouston as its first director of international business development.
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Ameriprise wealth business posts 16% rise in Q1 pretax operating earnings
The advice & wealth management arm of the Ameriprise Financial has posted pretax operating earnings of $210m for the first quarter of 2015, an increase of 16% compared to $181m a year earlier.
Natixis Global Asset Management opens office in Uruguay
Natixis Global Asset Management has opened a office in Montevideo in Uruguay, its first in South America.
Thomson Reuters names new wealth management head for North America
Thomson Reuters, a global mass media and information firm, has appointed David Akellian as the new managing director (MD) for its North American wealth management business.
CBA to pay additional $14m in compensation to victims of dodgy financial advice
The Australian Securities and Investments Commission (ASIC) has asked Commonwealth Bank (CBA) to pay up to $14m to victims of dodgy financial advice to have their cases independently reviewed.
BHF Kleinwort Benson Group names new chairman
BHF Kleinwort Benson Group has appointed Gerd Häusler as chairman of the company’s board of directors.