All articles by Verdict Staff

Verdict Staff

Bank of Singapore enters into strategic agreement with Vontobel

Bank of Singapore has signed a strategic agreement with Swiss asset manager Bank Vontobel to allow its Asian UNHW and HNW customers to place their assets in the Vontobel’s booking centre in Zurich.

BT closes gap on CBA among Australian IFAs

Commonwealth Bank Australia’s (CBA’s) dominance in the Australian independent financial advisor (IFA) space is being challenged by BT. Platforms must address the friction of serving clients rather than just being a portal to funds at wholesale prices, according to GlobalData Financial Services

Infocus Wealth Management signs referral deal with H&R Block

Australia-based Infocus Wealth Management has signed a referral agreement with local accounting firm H&R Block to offer financial planning services to the accounting firm’s clients.

Zedra bolsters Channel Islands team

Zedra, a provider of independent trust, fiduciary, corporate and fund services, has appointed Paul Nayar, Joe Donohoe, and Mark Cleary to its Channel Islands team.

Global gold demand increases 2% in 2016

Global demand for gold in 2016 reached 4,309 tonnes in 2016, the highest level since 2013, an increase of 2% compared with 4,216 tonnes a year ago, driven by economic and political uncertainties, according to a report by the World Gold Council (WGC).

Generali Investments rolls out new global multi-asset income fund

Generali Investments SICAV, the asset management arm of Generali Group, has introduced a new investment solution – Global Multi Asset Income, which aims to generate a stable income level while growing capital.

Imation rolls out new investment advisory firm

Minnesota-based technology-turned-holding firm Imation has introduced a new investment advisory subsidiary GlassBridge Asset Management that will focus on quantitative equity strategies.

ABN Amro to axe 60% of senior management roles

Dutch banking major ABN Amro plans to shed 60 of its 100 senior management roles as part of a management restructure.

Piper Jaffray income surges 29.3% in Q4

Piper Jaffray, a US-based asset management and investment banking firm, has posted an adjusted net income of $ 27.12m for the fourth quarter (Q4) of 2016, an increase of 29.3% compared to $21.15m in the previous year quarter.

Morningstar secures licence to offer advisory services in Singapore

Morningstar Investment Adviser Singapore, a subsidiary of investment research provider Morningstar, has secured licence from the Monetary Authority of Singapore (MAS) to offer financial advisory services in the country.