All articles by Verdict Staff
Verdict Staff
UBS looks to buy wealth management firm in Brazil report
Swiss banking giant UBS is reportedly planning to acquire a wealth-management firm in Brazil as part its strategy to grow that business sevenfold by 2020.
SEC obtains nearly $70 million judgment against Virginia-based financial firm for defrauding investors
The Securities and Exchange Commission (SEC) has obtained a final judgment in federal court in Tennessee requiring a Richmond, Virginia-based financial services holding company and their CEO to pay nearly $70 million as the outcome of a trial that found them liable for fraud.
Exclusive Interview: Citi Private Bank’s COO
Dena Brumpton is a woman who, in her own words, ‘has it all’. Citi Private Bank’s chief operating officer has just returned from a work trip to Asia and is about to embark on a sailing holiday, but first she wants to talk about Citi’s New Century Private Bank.
Madison joins Loudoun impact fund
The Madison team has joined the Loudoun Impact Fund, a giving circle comprised of philanthropically minded citizens and corporations.
BNP Paribas Securities Services to buy Credit Suisse’s fund administration unit
BNP Paribas Securities Services has agreed to acquire Credit Suisse’s fund administration unit called Prime Fund Services (PFS) for an undisclosed sum.
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RIAs see 12% growth in long-term mutual fund & ETF assets in H1: Broadridge
Registered investment advisors (RIAs) increased long-term mutual fund and ETF assets under management by more than 12% in the first half of 2014, signifying the first time the channel grew at a faster pace on a percentage basis than all other retail channels, including independent broker-dealers, according to new data released by Access Data, a Broadridge Financial Solutions company.
ThreeSixty Research agrees to merge with JBWere
ThreeSixty Research,the research business of MLC, has entered into a deal to merge with private wealth firm JBWere, owned by National Australia Bank (NAB).
RBS International to cull 55 jobs across offshore jurisdictions
RBS International is planning to cut 55 jobs across all of its offshore jurisdictions as part of a strategic review.
BNP Paribas agrees to buy 81.39% stake in UniCredits DAB Bank
France-based BNP Paribas has agreed to acquire an 81.39% stake in German online investment brokerage firm DAB Bank from UniCredits unit Hypovereinsbank for 354 million ($474 million).
Invesco Perpetual expands its multi-asset team
Invesco Perpetual has expanded its multi-asset team by appointing Danielle Singer as new senior client portfolio manager.