All articles by Verdict Staff
Verdict Staff
AFH buys Devon-based IFA Bay Financial Management
AFH, a UK-based financial planning led wealth management firm, has acquired Bay Financial Management, a Devon-based IFA.
Vistra snaps up wealth structuring advisory provider Podium
Vistra, a provider of trust, fiduciary and fund administration services, has acquired Podium SAM, a Monaco-based privately owned wealth structuring advisory business, for an undisclosed sum.
Franklin Templeton Investments appoints new Southeast Asia head
Franklin Templeton Investments has appointed Adam Quaife as regional head of Southeast Asia and co-CEO of Singapore business.
MainSource Bank to buy First Service Capital Management to bolster wealth business
MainSource Bank, a subsidiary of MainSource Financial, has agreed to acquire Kentucky-based First Service Capital Management’s assets under management, as well as its’ staff to expand its wealth management business.
Mitsui to buy a 20% stake in US real assets manager CIM Group
Japan’s Mitsui has agreed to acquire a 20% stake in US urban real estate and infrastructure fund management firm CIM Group.
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ADGM, Central Bank of Jordan sign accord to improve banking & financial supervision
Abu Dhabi Global Market (ADGM) and the Central Bank of Jordan (CBJ) have inked a memorandum of understanding (MoU) to strengthen cross-border collaboration in their financial markets.
HSBC annual pre-tax profit plummets 62%
British banking group HSBC has posted pre-tax profit of $7.1bn for the year ended 31 December 2016, a slump of 62.3% compared to $18.8bn a year ago.
Wealth and asset management CEOs slow to adopt technology changes: PwC
Majority of CEOs in the asset and wealth management industry are confident about the growth of the industry, but are slow to innovate and capitalise on opportunities including technology, according to a global survey by PwC.
BNY Mellon appoints new director of institutional business in Australia
BNY Mellon Investment Management has hired Denis Gambi as director of institutional business in Australia.
J.P. Morgan hires new private banking head for UK and Nordics region
J.P. Morgan has appointed Oliver Gregson as its new private banking head for UK and Nordics markets.