All articles by Verdict Staff
Verdict Staff
Baird names new CFO
Baird, an international employee-owned financial services firm, has announced that long-time Baird associate Terry Maxwell will replace Dominick Zarcone as the firms CFO effective March 10.
WH Ireland wealth arm records 8.4% rise in AuM
WH Ireland’s private wealth management unit had assets under management (AuM) of £2.7bn at the end of November 2014, an increase of 8.4% compared with £2.5bn a year ago.
KFH-Bahrain opens new wealth management unit
Kuwait Finance House-Bahrain (KFH-Bahrain) has established a new wealth management unit for managing clients wealth and developing their assets.
Net sales of European investment funds jump to EUR634bn in 2014: EFAMA
The European Fund and Asset Management Association (EFAMA) has reported that net sales of European investment funds rose to EUR634bn in 2014 and assets under management broke through the EUR11trn mark thanks to a growth rate of 16%.
Credit Suisse increases mortgage-related litigation provisions
Credit Suisse has increased its mortgage-related litigation provisions by CHF277m subsequent to the disclosure of the bank’s preliminary 2014 results on February 12, 2015.
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CIBC wealth arm registers 12% rise in Q1 net income
The wealth management unit of Canadian Imperial Bank of Commerce (CIBC) has reported a net income of C$128m for the first quarter ended 31 January 2015, up C$14m or 12% from C$114m during the same period a year ago.
Italy signs tax information sharing accord with Liechtenstein
Italy and Liechtenstein have signed a tax information exchange agreement as part of their efforts to combat tax evasion.
Envestnet buys technology firm Upside to expand into robo business
Envestnet, a US-based provider of unified wealth management technology to investment advisers, has purchased Upside, a technology provider of digital advice solutions to financial advisors, to provide robo-advisor solution for its clients.
Fiduciary Trust names new chief fiduciary officer
Fiduciary Trust Company has announced that Stacy Mullaney has been promoted to the new position of chief fiduciary officer. She will assume this new role effective immediately and will report directly to Austin Shapard, Fiduciary’s president & CEO.
Arbuthnot Latham hires two former Coutts executives
Arbuthnot Latham & Co has appointed Rob Stapledon and Michele Coomber to its new commercial banking business specialising in and focusing on the media sector as part of an on-going expansion programme.