All articles by Verdict Staff
Verdict Staff
Investec Private Banking names new treasury head
Investec Private Banking has named Mark Thomson as its new head of treasury.
Former Berenberg executives launch new wealth management firm
Three former Berenberg Bank executives have joined forces to launch a new wealth management company called Lincoln Private Investment Office.
UBS hires new private solutions business head for Americas
Swiss banking major UBS has appointed Greg Kennedy as new head of its private solutions business for the Americas.
Credit Suisse pleads guilty in tax evasion scheme, fined $1.8bn
Credit Suisse has pleaded guilty to criminal charges and agreed to pay $1.8bn fine to the US by 28 November 2014 as part of an investigation into allegations that the bank assisted wealthy Americans avoid paying taxes.
Mercer to buy SCM Strategic Capital Management
Mercer, a subsidiary of Marsh & McLennan Cos, has agreed to acquire Swiss-based private markets manager and consultant SCM Strategic Capital Management for an undisclosed sum.
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HSBC’s Swiss private banking unit under investigation in France
Swiss private banking unit of HSBC Holdings has been placed under formal probe by French magistrates over allegations that the bank helped wealthy clients avoid taxes.
Santander UK to launch new investment platform next year
Santander UK is reportedly planning to launch a new investment platform in 2015 that includes online guidance tools for investors.
Barclay CTA index down 0.49% in October
Managed futures lost 0.49% in October according to the Barclay CTA Index compiled by BarclayHedge. The Index is now up 3.88% for the year.
Caledonian to boost wealth management division in Caribbean
Caledonian Global Financial Services has said that it plans to invest in its wealth management division to grow its Caribbean market.
Cetera Financial launches specialized consulting resources to support advisors
Cetera Financial Group, a network of independent broker-dealer firms, has rolled out its Advanced Planning Group’s services to advisors across the network, representing roughly 10% of all Cetera Financial Group-affiliated advisors.