All articles by Verdict Staff
Verdict Staff
Aberdeen eyeing acquisitions of smaller firms-report
Aberdeen Asset Management is scouting for acquisitions of smaller companies but is not seeking any major acquisitions following its purchase of Scottish Widows Investment Partnership (SWIP), said the company CEO Martin Gilbert.
Raymond James’ private client group registers 30% jump in Q1 pretax income
The private client group of Raymond James Financial has reported a pretax income of $92.7m for the fiscal first quarter of 2015 ended 31 December 2014, an increase of 30% compared to the prior year’s fiscal first quarter.
Commerzbank plans to slash around 100 jobs in London-report
Germany’s Commerzbank is, reportedly, planning to axe nearly 100 jobs in London and relocate another 340, as its focuses on foreign exchange and interest-rate trading in Frankfurt.
Hedge funds conclude 2014 with inflows as investors position for volatility: HFR
Investors increased allocations to hedge funds in 4Q 2014 as financial market volatility soared into year-end led by a steep decline in oil, euro currency weakness and sharp drops in both the Russian rouble and equity markets.
Morgan Stanley wealth arm registers 3% rise in Q4 pre-tax income
The wealth management arm of Morgan Stanley has posted a pre-tax income of $736m for the fourth of 2014, an increase of 2.9% compared with $715m a year ago.
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HSBC Private Bank names new global head of private wealth solutions
HSBC Private Bank has promoted Christopher Marquis to global head of private wealth solutions, taking over the position from Bernard Rennell, who remains Asia head of global private banking.
Acadian Asset Management opens new office in Tokyo
Acadian Asset Management, a US-based investment management firm, has opened a new office in Tokyo, Japan.
Citi Private Bank expands sponsor finance team
Citi Private Bank has hired Steve Prostor as new head of sponsor finance for North America.
Belgian private banks Degroof, Petercam to merge to form new EUR47bn entity
Belgian private banks Bank Degroof and Petercam have signed a memorandum of understanding to merge into a single entity by the second half of this year.
Bank J. Safra Sarasin appoints new asset management head for Switzerland
Bank J. Safra Sarasin has appointed Serge Ledermann as head of asset management in Switzerland and as a member of the banks executive committee, effective from 1 March 2015.