All articles by Verdict Staff
Verdict Staff
Vontobel annual net profit rises 10%
Vontobel has recorded a net profit of CHF134.5m for the year 2014, an increase of 10% versus CHF122.3m a year ago.
Close Brothers names director of family business
Close Brothers Asset Management has named James Mallinson as its first director of family business.
UBS acknowledges fresh tax evasion probe in US
Swiss banking giant UBS has confirmed that it is being investigated by the US authorities for helping rich Americans evade taxes through investments banned in the US.
CBAs wealth management arm registers 11% rise in FUA
The wealth management division of Australian lender Commonwealth Bank (CBA) increased its funds under administration (FUA) by 11% in the second half of 2014.
Asset manager La Française forms strategic partnership with Alger
La Française, a French international multi-class asset manager, has signed a strategic partnership with investment management firm Alger Management to take a stake in Alger’s UK business.
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The Investment Association proposes shake-up of fund fee disclosure
The Investment Association has published a paper on the Meaningful Disclosure of Costs and Charges which outlines the trade bodys contributions to this area over the last three years and provides new proposals for discussion with regulators, government, the industry, and investors and their representatives.
Middle East investors turning focus towards East, says Pictet
Middle East investors are tilting their focus towards assets in East from Europe and the United States due to unattractive interest rates for euros and pounds sterling, according to a senior Pictet Asset Management executive.
Digital investing tools are disrupting the European investor-advisor relationship: Accenture
Digital investing tools are changing the ways financial advisors connect with investors and will impact how investors use their advisors in the future, according to a report by Accenture.
UK to investigate HSBC over alleged tax evasion
A panel of UK lawmakers is set to launch a probe into HSBC Holdings following allegations that the lender had helped wealthy clients evade taxes and hide assets worth millions of dollars.
Amundi launches first S&P 500 Buyback ETF in Europe
European exchange-traded funds provider Amundi has launched the first ETF in Europe to track the S&P 500 Buyback Index.