All articles by Verdict Staff
Verdict Staff
Deutsche Bank appoints new COO for Middle East and Africa
Deutsche Bank has named Javeed Ameen as its new chief operating officer (COO) for the Middle East and Africa.
France begins criminal investigation into HSBC over private bank tax offenses; sets EUR1bn bail
British banking giant HSBC has confirmed that its Swiss unit is being investigated by French authorities, for alleged tax evasion offences and made to post EUR1bn bail over allegations.
Prudential in talks with Bravura to launch administrative platform in UK
Prudential is in talks with technology provider Bravura to support its administrative platform launch plans for UK.
Gibraltar Private Bank & Trust under US Attorneys Office probe
Gibraltar Private Bank & Trust is being probed by the US authority for its compliance with the Bank Secrecy Act and anti-money laundering requirements.
AXA Investment Managers names new Japan head
AXA Investment Managers (AXA IM) has appointed Francisco Arcilla as its new head of Japan, replacing Mikifumi Watanabe who is set to retire on 30 June of this year.
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StanChart UAE chief resigns
British banking major Standard Chartered’s chief of UAE division, Mohsin Nathani, has resigned to take a career break.
Over half of all UHNW investors interested to invest globally: Spectrum
More than half of all ultra high net worth investors, with a net worth between $5 million and $25 million, are willing to invest globally, according to data from Spectrems Market Insights 2015.
59% of sovereign wealth funds increase assets in 2014: Prequin
The majority of sovereign wealth funds globally have increased their assets under management to $6.31tn in March 2015 from $5.38tn in October 2013.
IMF seeks stress tests for asset managers
The International Monetary Fund (IMF) is seeking a regulatory crackdown on asset managers, which includes introduction of stress tests for asset managers.
Labour Party plans to end UKs non-domicile ‘tax loophole’
Britain’s opposition Labour Party has pledged to end tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if they come to power.