All articles by Verdict Staff
Verdict Staff
Credit Suisse private banking, wealth arm Q1 pre-tax income down 18%
Credit Suisse’s private bank and wealth management unit posted a pre-tax income of CHF834m for the first quarter of 2015, down 18%compared to a pre-tax profit of CHF1.01bn a year earlier.
Morgan Stanley wealth arm Q1 pre-tax income up 25%
Morgan Stanley’s wealth management arm registered a pre-tax income from continuing operations of $855m for the first quarter of 2015, up 25% compared with $686m in the corresponding quarter of 2014.
Towry to roll out online services for clients
Towry, a UK-based wealth manager, is set to supplement its traditional face-to-face offering with the launch of online services for its clients.
Hedge fund assets approach $3trn milestone as investors return to macro: HFR
Total hedge fund assets increased to $2.94 trillion, an increase of $95 billion, led by equity hedge and event driven strategies, according to data from the HFR Global Hedge Fund Industry Report.
SEC charges BlackRock Advisors with failing to disclose conflict of interest to clients, fund boards
The Securities and Exchange Commission has charged BlackRock Advisors with breaching its fiduciary duty by failing to disclose a conflict of interest created by the outside business activity of a top-performing portfolio manager.
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UBS Group names new global co-head of leveraged finance
UBS Group has named David Slade as its new global co-head of leveraged finance and leverage capital markets.
AMP Capital names new distribution head for UK and Europe
AMP Capital, a global investment manager headquartered in Sydney, has appointed John Angell as new head of distribution for its UK and European business, effective immediately.
GAM investment management registers 3% fall in Q1 AuM
Swiss money manager GAM Holding has reported that assets under management (AuM) in its investment management unit declined to CHF73.7bn at the end of the first quarter of 2015 compared with CHF76.1bn at the end of December 2014.
Old Mutual Global Investors fixed income director to depart
Old Mutual Global Investors (OMGI) fixed income director Stewart Cowley is set to depart following an overhaul in the management of its fixed income funds.
Investec Wealth & Investment introduces private office service
UK-based Investec Wealth & Investment (IW&I) has launched Private Office, a new service for individuals with net worth of at least £10m.