All articles by Verdict Staff
Verdict Staff
Lenox Advisors bolsters West Coast presence with new hire
Lenox Advisors has expanded its national footprint and West Coast presence by hiring Salim Admon as new managing director.
State Street Global Advisors unveils new global equity fund
State Street Global Advisors (SSGA) has rolled out a new global equity fund that seeks to invest in three factors including low valuation, low volatility and high quality strategies.
Mercantile Bank to launch private clients offering for entrepreneurs
South Africa-based Mercantile Bank is reportedly planning to launch new private clients offering for entrepreneurs.
BMO Financial hires new head of BMO Nesbitt Burns
Canada-based BMO Financial Group has hired Charyl Galpin as new head of BMO Nesbitt Burns, the full-service investment firm of the bank.
Swiss prosecutor ends investigation against former SNB chairman
Swiss prosecutors have closed a criminal investigation into former Swiss National Bank (SNB) chairman Philipp Hildebrand in connection with possible violations of secrecy laws, reported swissinfo.ch.
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FINRA fines Citigroup Global Markets $15m for supervisory failures
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets, $15m for supervisory failures related to equity research and involvement In IPO roadshows.
Comment: Industrialising revenue-generation and risk-transparency capabilities in WM
In its 2014 analysis of the Swiss private banking market, KPMG concludes that the healthy profitability of the best-performing banks appears to be driven by higher revenues-per-employee rather than by lower costs. As simple as this observation may sound, it sends a crisp message that PWM institutions cannot afford to ignore: they must help their relationship managers focus more on selling the right investments to the right customers.
Old Mutual Wealth to switch funds into unbundled share classes
UK-based Old Mutual Wealth has unveiled plans to bulk convert clients in bundled share classes to unbundled in February next year.
Barclays to relocate wealth staff to its Birmingham headquarters
Barclays is set to relocate around 100 staff members of its wealth and investment management arm from Colmore Square to One Snowhill in Birmingham, the bank’s headquarters in the city.
Randall & Quilter forms joint venture agreement with Phoenix Asset Management
Randall & Quilter Investment Holdings (R&Q) has signed a joint venture agreement with London-based Phoenix Asset Management Partners.