All articles by Verdict Staff
Verdict Staff
Deutsche Bank to raise €8bn in capital; float asset management arm
German banking group Deutsche Bank has revealed plans to raise €8bn ($8.5bn) in capital through a share sale and float its asset management business as part of turnaround plan.
Canaccord Genuity to buy Duncan Lawrie’s client portfolios in Isle of Man
Canaccord Genuity Wealth Management UK & Europe has agreed to acquire 100 client portfolios managed by the Isle of Man division of Duncan Lawrie Private Banking for an undisclosed sum.
Credit Suisse hires new UK private banking business head
Swiss banking giant Credit Suisse has named Christian Berchem as the new CEO of its UK private banking operations, replacing Philip Harris who will now assume the role of senior client advisor within the UK private bank.
Lioncrest Global inks strategic partnership with Ops Capital
Lioncrest Global, a Hong-Kong based investment and advisory firm launched by former executives from UBS Wealth Management Asia Pacific, has teamed up with Singapore-based consultancy firm Ops Capital to collaborate on bringing venture capital and private equity deals to their respective clients.
Northern Trust appoints new president of Georgia region
Northern Trust, a US-based investment management firm, has strengthened its wealth management team in Georgia by appointing Glenn Weiss as president, and a member of the east region operating group.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Meridian Bank to buy HJ Wealth Management
Meridian Bank has agreed to acquire Pennsylvania-based HJ Wealth Management for an undisclosed sum.
Credit Suisse partners with Mesitis to offer wealth aggregation platform
Credit Suisse has teamed up with Singapore-based fintech firm Mesitis to offer an automated aggregation and reporting platform for its private banking clients.
Julius Baer, GAM end brand licence agreement
Swiss private banking group Julius Baer and Swiss money manager GAM have terminated brand licence agreement that was struck after Julius Baer spun out GAM Holding asset management business.
Investec Wealth & Investment launches two risk-mandated portfolios
Investec Wealth & Investment, a UK-based private client wealth management firm, has rolled out a new structured product service that will allow customers to choose between the two portfolios based on their personal circumstances, risk appetite and investment objectives.
Schroders annual pre-tax profit rises 5%
British fund manager Schroders has posted a pre-tax profit of £618.1m for the year ended 31 December 2016, a 5% increase compared to £589m in the prior year.