All articles by Verdict Staff
Verdict Staff
HSBC may move headquarters from London, signals bank’s chairman
British banking giant HSBC may consider moving its headquarters from London after the regulatory environment becomes clearer, observed the bank’s chairman Douglas Flint.
Towry pre-tax profits fall by 56% in 2014
British wealth manager Towry has posted pre-tax profits of £4.4m for the year ended 31 December 2014, down 56% compared to £9.8m a year earlier.
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.
Lateral Investment partners with global wealth manager for middle market private debt opportunities
Lateral Investment Management, which provides growth financing to small and medium-sized owner-operated or family owned businesses, has entered into a strategic partnership with The Leo Group, a New Jersey-based wealth management firm serving family offices, institutions and endowments.
Close Brothers acquires Edinburgh financial planner
Close Brothers Asset Management (CBAM) has acquired Edinburgh-based chartered financial planning firm Mackay Stewart & Brown that had £80m in assets under advice in 2014.
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Investing in a deflationary world
We live in an abnormal world of falling consumer prices. The phenomenon is so rare that the US, for instance, saw year-on-year price declines only in one month (this January) in the last 50 years, if we leave out the depths of the financial crisis in 2009. Indeed, deflation fears have been increasing globally since last year, notably in Europe and Japan, and increasingly in China.
BI-SAM launches BI-SAM GO
BI-SAM, a provider of performance measurement, attribution, and client reporting solutions to the global asset management industry, has launched BI-SAM GO.
Julius Baer names new market head in Singapore
Bank Julius Baer has appointed Parminder Soin as its new market head Indian Subcontinent (ISC) and Non-Resident Indian (NRI) in Singapore effective from 20 April 2015.
BMO Investments introduces five mutual funds to its lineup
BMO Investments has launched five new mutual funds, which are intended to provide investors an opportunity to access growth both domestically and globally.
Morgan Stanley names new traditional asset management head
Morgan Stanley has appointed Michael Levy as its new head of traditional asset management.