All articles by Verdict Staff
Verdict Staff
Consumer/private banking operating profit rises at OCBC Bank
The global consumer/private banking segment of OCBC Group has posted an operating profit after allowances of SGD749m for the year ended 31 December 2014, up 2% from SGD738m a year ago.
Morgan Stanley Wealth Management names head of UHNW resources
Morgan Stanley Wealth Management has appointed David Bokman to the newly created role of head of ultra-high-net-worth (UHNW) resources.
Novia launches Investor Zone to enhance user experience
Novia, an online wrap provider, has launched the Investor Zone to enhance the investor experience and make the investment process for the client more intuitive.
Attivo buys Reading-based Sanderson Financial Consulting
Gloucestershire-based wealth manager Attivo Group has purchased Reading-based IFA Sanderson Financial Consulting for an undisclosed sum.
Hargreaves Lansdown eyes foray into asset management arena
Hargreaves Lansdown, which manages £5bn in assets within its discretionary and managed unit, is expanding its multi-manager funds and mulling addition of passive products, solutions, and other offerings in a bid to push into the asset management sector.
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Credit Suisse to shift trading team to asset management unit – report
Credit Suisse is reportedly planning to relocate its London and Paris-based trading team to its asset management unit to increase external capital.
Credit Suisses wealth arm doubles pre-tax income in Q4
The private banking & wealth management division of Credit Suisse has reported total pre-tax income of CHF882m for the fourth quarter of 2014, up 108% from CHF424m a year ago.
BTG Pactual to set up asset management arm in Mexico – report
Brazilian investment banking firm BTG Pactual is reportedly planning to set up an asset management arm in Mexico by recruiting 20 new staff.
Fiera Capital to buy Samson Capital Advisors for $33.5m
Canadian asset manger Fiera Capital Corporation has signed an agreement to buy Samson Capital Advisors, a US-based wealth manager, for about $33.5m.
Hang Seng Bank sells 5% stake in Chinas Industrial Bank for $2.04bn
Hong Kong’s Hang Seng Bank, a unit of HSBC Holdings, has agreed to sell a 5% stake in China’s Industrial Bank for CNY12.73bn ($2.04bn).