All articles by Verdict Staff
Verdict Staff
Brewin Dolphins pre-tax profits plunge 70% after IT debacle
British wealth manager Brewin Dolphin saw its statutory pre-tax profits plunge 70% from £28.4m to £8.6m in the year to 28 September 2014 as the costs associated with its technology writedown took effect.
TCW Group appoints new managing director
TCW Group, an asset management firm with $155bn in client assets, has hired Yuri Khalif as its new managing director.
BNY Mellons CenterSquare rolls out new global infrastructure strategy
CenterSquare Investment Management, a real estate investment subsidiary of BNY Mellon, has rolled out a new institutional investment strategy that invests in global infrastructure through publicly traded companies.
Credit Suisse to open new hedge fund in Brazil
Credit Suisse Group has unveiled its plans to open a new hedge fund in Brazil, named Gauss, next year to offer new investment alternatives for clients.
Biggest five US banks control 44% of industry assets
Five biggest banks hold more than 44% of the $15.3 trillion in assets held by US banks according to data compiled by SNL Financial.
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Wells Fargo creates new investment unit
Wells Fargo’s wealth, brokerage and retirement (WBR) unit has launched a new investment unit, called Wells Fargo Investment Institute (WFII).
Deutsche AWM launches actively-managed mutual fund for European equities
Deutsche Asset & Wealth Management (Deutsche AWM) has launched Deutsche European Equity Fund.
UK plan to raise £4bn in extra tax from banks over five years
Britain’s banks will pay an extra £4bn in taxes during the next five years due to changes announced by Chancellor of the Exchequer George Osborne in his autumn statement.
HighTower adds Envestnet Retirement Solutions to its technology platform
US wealth management provider HighTower has added Envestnet Retirement Solutions (ERS) to its technology platform to provide its advisors a new solution to boost their retirement plan business.
Pictet adds new independent director to its board in Singapore
Pictets private bank in Singapore, Bank Pictet & Cie (Asia), has named Koh Boon Hwee as new independent board director.