All articles by Verdict Staff
Verdict Staff
StanCharts retail banking unit to shift focus to wealthy clients
Standard Chartereds retail banking segment is set to shift focus from ordinary clients to affluent clients and will request them to bank online.
Swiss private bank Pictet registers rise in AuM
Swiss wealth manager Pictet has issued its first annual results statement after more than two centuries in banking. The group said its assets under management (AuM) rose by CHF44bn to CHF435bn last year.
Volatility concerns spiked during period of global unrest: Eaton Vance
For the third straight quarter, anxiety of financial advisors over volatility has increased and is now rated 112.5 on the Advisor Top-of-Mind Index, up from 103.6 the prior quarter and 102.2 in July, according to the latest Eaton Vance Advisor Top-of-Mind Index Survey.
London Stock Exchange puts Russell Investments on the block
The London Stock Exchange Group (LSEG) has officially put Russell Investments, the asset management unit of the Frank Russell business which it bought last year for $2.7 billion, up for sale.
F&C’s ex-UK equities head exits after nine-year spell
F&C’s former head of UK equities Peter Lees has departed from the company following a nine-year tenure.
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CIBC FirstCaribbean Private Wealth Management opens Nassau office
CIBC FirstCaribbean Private Wealth Management has opened an office in Nassau at the Goodmans Bay Corporate Centre in the Bahamas.
Manulife merges wealth and asset management arms in Asia
Canada-based financial services group Manulife has merged its Asian wealth and asset management divisions with the appointment of Michael Dommermuth to oversee Wealth and Asset Management, Asia.
Tikehau Capital bolsters presence in Italy
French debt specialist Tikehau Capital has hired Ignazio Torrepadula as senior adviser from the Boston Consulting Group to bolsters its presence in Italy.
The Investment Association consults on sector classification of outcome-focused funds
The Investment Association has launched a consultation on how to accommodate the increasing number of outcome-focused funds.
State Street, Investec Asset Management extend partnership
State Street has extended its relationship with Investec Asset Management, a specialist investment manager, for another seven years.