All articles by Verdict Staff
Verdict Staff
St. James’s Place FUM registers 17% rise
British wealth management firm St. James’ Place (SJP) has increased its funds under management to £52bn for the year ended 31 December 2014, up 17% from £44.3bn a year earlier.
RBS private banking arm swings to profit in 2014
The private banking business of RBS has posted an operating profit of £150m for the year ended 31 December 2014, compared with a loss of £61m in the prior year.
AXA Wealth funds under management up 10% in 2014
AXA Wealth’s overall funds under management (FUM) for the full year 2014 rose by 11% to £28.2bn from £25.5bn a year ago.
Gulf Wealth Management selects Crowd Valley to develop digital wealth management platform
Gulf Wealth Management (GWM) has appointed US-based platform technology provider Crowd Valley to develop the customer-facing elements and digital back office features for its digital wealth management platform.
RBC Wealth Management-US hires new head for CES group
RBC Wealth Management-U.S. has hired 30-year financial services veteran Nuri Benturk to lead its Corporate & Executive Services (CES) group, a new business line that will specialize in serving corporations and their executives.
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Standard Chartered names new CEO
UK bank Standard Chartered has named Bill Winters as new chief executive replacing Peter Sands, effective June 2015.
Rise of super-ensembles signals a profound shift in the advisory industry: Study
According to new research released today from Pershing Advisor Solutions entitled Super-Ensembles: The Firms Who Are Shaping the Future of the Industry, a group of 250 super-ensemble firms are poised to shape the future of the advisory industry and are setting the standard for growth, client service and practice management best practices as evidenced by their impressive revenue and growth.
BNY Mellon in talks with US authorities over forex probe settlement: report
BNY Mellon has entered into talks with the New York Attorney General Eric Schneiderman and the US Department of Justice to settle claims over its alleged role in manipulating the foreign exchange benchmark rates, reported Reuters.
Morgan Stanley Wealth Management now supports Apple Pay
Morgan Stanley Wealth Management has announced that its debit card clients will now get access to Apple Pay through their iPhone 6/6Plus for making purchases in stores or within apps.
Fidelity Institutional aligns clearing and custody units
Fidelity Institutional, the Fidelity Investments unit providing clearing, custody and investment management products to registered investment advisors, broker-dealers, family offices, retirement recordkeepers and banks, has aligned its clearing and custody units.