All articles by Verdict Staff
Verdict Staff
Lombard Odier annual net profit slides 13%
Swiss private bank Lombard Odier has reported a consolidated net profit of CHF124.5m for the year ended 31 December 2016, a decrease of 13% compared to CHF144m a year ago.
Japanese, British regulators sign fintech co-operation agreement
The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have signed an agreement to expand cooperation on fintech.
Canadian pension funds buy stake worth $338m in India’s Kotak Mahindra Bank
Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Caisse de Depot et Placement du Quebec (CDPQ) have acquired a 1.5% stake in Indian private sector lender Kotak Mahindra Bank for INR22.5bn ($338m) from the bank’s executive vice-chairman and managing director Uday Kotak.
Singapore, Abu Dhabi regulators team up to improve fintech innovation
The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to support growth of fintech in the two jurisdictions.
Delaware Investments hires new equities head
Delaware Investments, the asset management unit of Macquarie, has appointed John Leonard as head of equities.
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UK Budget 2017: Wealth managers express surprise over tax raid on dividends
Philip Hammond, Britain’s chancellor of the exchequer, has slashed the annual tax-free dividend allowance to £2,000 from £5,000 as government believes wealthy individuals are exploiting the allowance.
BDO USA to take over LBA Wealth Management
Accounting and consulting firm BDO USA has agreed to acquire LBA Wealth Management, a Florida-based fee-only investment advisory firm, to bolster its wealth advisory practice.
Van Lanschot partners Fidor to upgrade payments software
Dutch wealth manager Van Lanschot has collaborated with German digital banking solutions provider Fidor to upgrade its payments software and infrastructure.
Succession Group snaps up IFA Independent Women
Adviser consolidator Succession Group has acquired Independent Women, a UK-based independent financial advice business dedicated to women, for an undisclosed sum.
LGIM annual operating profit rises 3%; AuM surges 20%
Legal & General Investment Management (LGIM) has reported an operating profit of £366m for the year ended 31 December 2016, an increase of 3% compared to £355m a year ago.