All articles by Verdict Staff
Verdict Staff
Improvements to wealth management operations and technology a priority for banks in Asia: SS&C
Banks in Asia do not have the technology to meet high net worth customers’ reporting and analytics demands, according to a survey by SS&C Technologies Holdings, a global provider of financial services software and software-enabled services.
Global liquidity pools continue to fragment: ISDA
Global derivatives markets are continuing to fragment along geographic lines as a result of divergent regulations across jurisdictions, according to new research published at ISDAs 30th Annual General Meeting in Montreal.
HSBC named UK’s most secretive bank
Scandal hit HSBC has been named the most secretive bank among the UK’s big four high street banks by charity Christian Aid.
Northern Trust Q1 profit up 27%
Northern Trust has registered a net income of $230.7m for the first quarter of 2015, up 27.1% compared to $181.4m in the corresponding quarter of 2014.
StanChart hires former UK surveillance head to tackle financial crime
Standard Chartered has hired Iain Lobban, a former head of GCHQ, the surveillance arm of Britains intelligence agencies, as a senior advisor in its financial crime risk committee to tackle financial crime.
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Multifamily office Bessemer Trust opens office in Seattle
Bessemer Trust, a privately owned and independent multifamily office, has opened a new office in Seattle, which will serve as the companys hub in the Pacific Northwest.
Advisers continue to favour UK for investments in 2015, but remain cautious ahead of election: Cofunds
The UK continues to be the investment region of choice for many advisers in 2015, with over a quarter (28%) stating that its their preferred geographical region for investments this year, according to research from Cofunds. Despite this, advisers remain cautious ahead of the forth coming UK General Election.
Emirates NBD retail, wealth arm sees marginal rise in Q1 income
Emirates NBD’s Retail Banking and Wealth Management (RBWM) division has posted a total income of AED1.4bn for the first quarter of 2015, a marginal rise of 1% as against AED1.38bn posted in the corresponding quarter of 2014.
Lloyds launches new financial planning tool for private banking clients
Lloyds Bank has launched a financial planning tool to help its private banking clients better plan their retirement in response to the new pension freedom rules.
Liontrust Asset Management records net inflows of £667m in FY2015
UK’s Liontrust Asset Management has recorded net inflows of £667m over the fiscal year ended 31 March 2015, a surge of nearly 75% compared with net inflows of £381m a year ago.