All articles by Verdict Staff
Verdict Staff
NAB cash profit slips 1% to A$1.6bn in Q1
National Australia Bank (NAB) has reported cash earnings of A$1.6bn for the first quarter (Q1) ended 31 December 2016, down 1% compared to A$1.7bn a year ago and also down 1% from the quarterly average of the September 2016 half year figure.
Rothschild Global Advisory names hedging and derivatives business head in UK
Rothschild Global Advisory, part of the Rothschild & Co Group, has appointed Glen Manning as a managing director of its hedging and derivatives business in the UK.
Julius Baer to take over wealth manager Wergen & Partner Vermogensverwaltungs
Zurich-based WMPartners Wealth Management, part of Swiss private bank Julius Baer Group, has agreed to merge with Swiss wealth manager Wergen & Partner Vermogensverwaltungs for an undisclosed sum.
Finma fines Coutts for 1MDB-related breaches
Swiss financial market supervisor Finma has fined private bank Coutts & Co CHF6.5m for flouting money laundering regulations linked to scandal-ridden Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB).
Indosuez appoints new markets, investment solutions head in Hong Kong
Indosuez Wealth Management, the global wealth management arm of French banking group Credit Agricole, has hired Arjan de Boer as head of markets and investment solutions in Hong Kong.
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Old Mutual International names new CEO for Singapore business
Old Mutual International (OMI), a subsidiary of Old Mutual Wealth, has appointed Ian Kloss as the new CEO for its Singapore business, replacing Steve Hickman who decided to depart to pursue opportunities outside the group.
Legg Mason swings to profit in Q3
American investment management firm Legg Mason has posted a net income of $51.4m for the third quarter of fiscal 2017, compared to a net loss of $138.6m in the third quarter of fiscal 2016.
Encompass introduces new AML solution for banks
Regulatory technology provider Encompass has unveiled a fully automated Know Your Customer (KYC) solution for banks to facilitate compliance with anti-money laundering (AML) and counter terrorism finance (CTF).
Consumers faith on banks security levels misplaced
Consumers views regarding the levels of security in the financial services sector highly contradicts with that of industry insiders, according to a research by Capgemini.
BAM Advisor Services launches new investment advisory firm in New Jersey
American asset manager BAM Advisor Services has introduced a new registered investment advisory firm Beacon Hill Private Wealth (BHPW) in Summit, New Jersey.