All articles by Verdict Staff
Verdict Staff
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.
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.
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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.
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.
SJP to move its entire IT infrastructure to cloud
St James’s Place (SJP), a UK-based wealth management firm, has started a project to migrate its entire IT infrastructure to Amazon Web Services (AWS), to meet scalability requirements and focus on its core financial business rather than data centre management.
KPMG elects its first woman CEO
KPMG in the US has elected Lynne Doughtie as its new chairman and CEO, for a five-year term starting 1 July 2015.