All articles by Verdict Staff

Verdict Staff

Bank of America’s wealth arm records 9% fall in Q4 income

The Global Wealth and Investment Management segment of Bank of America has reported a net income of $706m for the fourth quarter of 2014, down 9% compared to $778m a year ago.

Man Group adds ex-UBS chief to its board

British alternative investment management firm Man Group has appointed former UBS Limited chief John Cryan to its board as a non-executive director.

Barclays taps ex- BofA executive for group COO role

Barclays has named ex-senior BofA Merrill Lynch executive Jonathan Moulds to the newly created role of group chief operating officer, effective 2 February 2015.

Standard Chartered set to close Swiss private bank

Standard Chartered has, reportedly, decided to shut down its Swiss private bank after it failed to find a suitable buyer for the business.

Bordier & Cie appoints new international desk head

Swiss private bank Bordier & Cie has hired Roberto Islas from HSBC Private Bank to head its new international desk, effective March 2015.

EP Wealth Advisors buys Moore Financial

EP Wealth Advisors, a US-based financial planning and investment management, has acquired Moore Financial Group, a family-owned boutique wealth management firm based in Colorado.

JP Morgan set to consolidate Taiwan operations

JP Morgan Asset Management Taiwan is set to consolidate its securities division with its asset management platform, Asia Asset Management has reported.

BNP Paribas Cardif hires new deputy CEO

BNP Paribas Cardif has named Renaud Dumora as its new deputy chief executive officer.

European property investors’ interest in secondary assets continues to rise: PwC

Competition for prime assets in Europe’s major real estate markets is leading property investors to continue their move into secondary assets and recovering markets, according to Emerging Trends in Real Estate Europe 2015, a forecast published jointly by the Urban Land Institute (ULI) and PwC.

Law firm Simmons & Simmons launches new Luxembourg office

UK-based law firm Simmons & Simmons has launched a new office in Luxembourg led by Stéphane Ober.