All articles by Verdict Staff
Verdict Staff
Providence to acquire Guernsey-based Fund Corporation
Providence, US-based financial services firm, has acquired Guernsey-based Fund Corporation for an undisclosed sum.
Washington Wealth Management adds two former wirehouse advisors
Washington Wealth Management (WWM), an independent hybrid registered investment advisor (RIA) has added former wirehouse advisors Eddie Barber and Russ Tobler, who were previously affiliated with RBC Wealth Management.
Square Mile Investment hires new research head
UK-based Square Mile Investment Consulting and Research has expanded its research team by hiring Victoria Hasler as its new head of research.
New York Life Investment Management to acquire IndexIQ
New York Life Investment Management (NYLIM), an asset management arm of New York Life, has entered into an agreement to acquire the ETF firm IndexIQ in a move to expand its presence into the exchange traded funds space.
Bernard Keller to leave Julius Baer
Bernard Keller, a member of Bank Julius Baer’s executive board, is set to retire from his role by the end of this year.
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Scotiabank’s wealth arm reports 3.7% rise in Q4 income
Scotiabank’s global wealth and insurance division has reported net income attributable to equity holders of C$313m for the fourth-quarter of 2014, an increase of C$11m or 3.7% from C$302m the same quarter last year.
Month of November sees gains in millionaire investor confidence index: Spectrem
Affluent investors sent mixed messages of economic confidence and investment caution as the November Spectrem Affluent Investor Confidence Index gained 1 point from October to 6.
China proposes new rules for wealth management products
Chinas banking regulator China Banking Regulatory Commission (CBRC) has proposed new rules for wealth management products to mitigate risks from shadow banking.
Glenmede appoints new board member
The Glenmede Trust Company, a US-based investment and wealth management firm, has appointed Joseph Pew as new member to its board of directors replacing Ethel Benson Wister, who stepped down from the Board in September 2014.
CIBC wealth arm registers 15% rise in Q4 net income
The wealth management unit of Canadian Imperial Bank of Commerce (CIBC) has reported a net income of C$119m for the fourth quarter ended 31 October 2014, up C$16m or 15% from C$103m during the same period a year ago.