All articles by Verdict Staff
Verdict Staff
State Street names new asset management head
State Street, a US-based financial services holding company, has named Ron O’Hanley as the new head of its asset management business.
Investment company adviser platform purchases rise in 2014: AIC
Investment company total purchases on platforms by advisers and wealth managers were £452.7m in 2014, 19% higher than £379.1m in 2013 and 106% higher than £219.3m in 2012, according to data by the Association of Investment Companies (AIC) using Matrix Financial Clarity.
Retail wealth management industry goes exceptionally strong in 2014: PriceMetrix
The year 2014 was an exceptionally strong year for financial advisors and their firms, according to the fifth annual State of Retail Wealth Management industry report by PriceMetrix, a practice management analytics software provider.
Northern Trust to provide global custody services for Nunavut Trust
Ottawa-based Nunavut Trust (the Trust) has selected Northern Trust to serve as global custodian for its C$1.6bn in assets.
Argentina bars Citi from capital market operations
Argentina has suspended Citigroup’s local subsidiary from conducting operations in the country’s capital markets saying the bank violated local laws by reaching a deal with the hedge funds that are embroiled in a long standing legal tussle with the country.
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Macquarie to slash investment banking jobs in Asia
Australias Macquarie Group is planning to axe nearly half of its investment banking jobs in Asia as CEO Nicholas Moore restructures the firm.
Axis Bank introduces premium personal banking service
Indian private sector lender Axis Bank has launched a premium personal banking service named Burgundy.
European Wealth recruits Hume Capital director to boost presence in Asia Pacific
Wealth management firm European Wealth has hired James Igoe to extend its international presence, particularly in the Asia Pacific region.
RBS investment bank chief quits
RBS investment banking head Rory Cullinan is to leave his role on April 30, only a month after he was appointed to the role.
Financial services firms remain upbeat as profitability improves-CBI/PwC
Optimism in financial services rose strongly in the three months to March and profitability improved in most sectors, according to the latest CBI/PwC Financial Services Survey.