All articles by Verdict Staff
Verdict Staff
Pictet annual net profit slips 7% to CHF422m
Swiss private bank Pictet has posted a net profit of CHF422m for the year ended 31 December 2016, a fall of 7% from the prior year.
Unigestion to snap up private equity firm Akina
Swiss asset manager Unigestion has agreed to take over local private equity firm Akina to create a new firm that will specialise in global small and mid-market private equity entity.
Merrill Edge rolls out new online advisory platform in US
Merrill Edge, an online discount brokerage service provided by Bank of America Merrill Lynch, has launched a new online advisory solution in the US that will combine expert insight with the convenience and flexibility of online management.
Commerzbank Q4 profit down 5%
German lender Commerzbank has reported attributable profit of 183m for the fourth quarter of 2016, a 5.2% decrease compared to 193m for the same period in 2015.
Franklin Templeton to buy AlphaParity
Franklin Templeton Investments has agreed to acquire AlphaParity, a macro-focused quantitative investment firm, for an undisclosed amount.
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NatWest launches new online investment service
British lender NatWest has rolled out a new online investment service, called NatWest Invest, which will make investing simpler for its customers.
AMP reports loss of A$344m in 2016; unveils share buyback plan
AMP, a financial services company in Australia and New Zealand, has posted a net loss of A$344m for the full year ended 31 December 2016, compared to a profit of A$972m in 2015.
Hawksford names new head of fund services team
Hawksford, an international corporate, private client and funds business, has appointed Simon Page as the new head of its fund services team.
ICICI Securities inks strategic partnership with Saxo Bank
ICICI Securities, a subsidiary of Indian private sector lender ICICI Bank, has struck a partnership with Danish multi-asset provider Saxo Bank to offer the latters trading and investment capabilities to Indian investors.
Harwood Capital partners with private equity executives to launch new business
Harwood Capital, an independently owned group of investment companies, has teamed up with Stuart Widdowson and Ian Armitage to launch a new investment business.