All articles by Verdict Staff
Verdict Staff
BTG Pactual to open wealth management branch in Miami
Brazilian financial company Grupo BTG Pactual is reportedly planning to open a wealth management branch in Miami between September and October this year.
NBAD to expand wealth management business in Africa and Asia
National Bank of Abu Dhabi (NBAD) is reportedly targeting Africa and Asia to expand its wealth management business in order to maintain strong growth.
Standard Chartered to focus on wealth management business in Malaysia
Standard Chartered is reportedly planning to focus on wealth management in Malaysia as it sees an increasing growth and demand for wealth management products and services in the country.
CACEIS selects AIM Software for its data management needs
AIM Software, a provider of enterprise data management solutions, has signed a license agreement with CACEIS, a fund administrator. The firm has selected AIM Software to service both current and future data management needs.
Blackstone and Wells Fargo to buy GE Capitals real estate assets
Blackstone and Wells Fargo had signed agreements to purchase most of the assets of GE Capital Real Estate in a transaction valued at approximately $23bn.
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Kamunting Street Capital to convert into a family office
Kamunting Street Capital’s founder Allan Teh said that the firm is planning to return outside capital and will convert into a family office to manage the investments.
RBC may prune its international wealth-management unit-report
Royal Bank of Canada (RBC) is continuing a strategic review of its international wealth-management business with consideration for more asset sales, The Wall street journal has reported.
Banque Pictet & Cie taps Calypsos collateral management solution
Swiss private bank Banque Pictet & Cie has selected Calypso Technologys collateral management solution to consolidate collateral activities across its many businesses on a single platform.
Aging investors unprepared to transfer wealth to younger generation: J.D. Power
With an aging full service investor demographic and an anticipated enormous generational transfer of wealth on the horizon, investment firms are not asking the right questions of their clients and may be at risk of losing assets if they fail to establish relationships now with the next generation, according to the J.D. Power 2015 U.S. Full Service Investor Satisfaction Study.
Deutsche Bank may face $1.5bn Libor fine
German lender Deutsche Bank is about to face a penalty of more than $1.5bn for allegedly manipulating Libor as it inches closer to a deal with probe agencies.