All articles by Verdict Staff
Verdict Staff
Julius Baer contest BvS claim over assets went missing after fall of Berlin Wall
Swiss banking giant Julius Baer has said that is contesting the order of German agency BvS to pay back German government over CHF100 million over the assets that went missing during the reunification of East and West Germany.
Morgan Stanley launches two sustainable investing portfolios on UMA platform
Morgan Stanley Wealth Management has created two sustainable investing portfolios for its select unified managed account (UMA) platform.
U.S. Bank boosts its HNW team in Chicago
U.S. Bank, a unit of U.S. Bancorp, has expanded its high-net-worth wealth management team in Chicago by appointing three new wealth management advisors and one senior trust officer.
City National expands private banking team in Palo Alto
City National Bank, California’s private and business bank, has expanded its Palo Alto team, hiring two experienced advisors to grow the bank’s presence in the region.
US CFTC fines Morgan Stanley Smith Barney for supervision and records failures
The US CFTC has fined against Morgan Stanley Smith Barney for supervision and records failures relating to its “know its customer” procedures.
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Miton Group completes acquisition of Darwin Investment Managers
Miton Group, a UK-based multi-asset fund manager, has completed the acquisition of David Jane’s investment boutique Darwin Investment Managers.
Lenovo’s CEO pockets $11m in share sales
Yang Yuanqing, chief executive of Lenovo Group Limited, a Chinese personal technology company, has sold 6.9 million shares, representing 0.0663% stake in the company.
FCA imposes £350,000 fine on former SJP partner
The Financial Conduct Authority (FCA) has fined Peter Carron, former senior partner at St James’s Place £350,000 and banned him from conducting any function related to regulated activities in financial services for 13 years.
Alceda Fund Management receives AIFM license in Luxembourg
Alceda Fund Management has received license from the Luxemburgish Commission de Surveillance du Secteur Financier (CSSF) to act as an alternative investment fund manager (AIFM).
T. Rowe Price names new Italy head
T. Rowe Price has appointed Donato Savatteri from Lombard Odier as new country head for Italy.