All articles by Verdict Staff
Verdict Staff
Julius Baer appoints senior manager for intermediaries
Julius Baer has named Stefano Spurio as its new head of intermediaries for Western Switzerland, Monaco and the Middle East.
Herbert Smith Freehills to open new office in Kuala Lumpur
Australian law firm Herbert Smith Freehills has secured Qualified Foreign Law Firm licence from Bar Council Malaysia and will now open an office in Kuala Lumpur.
Wells Fargo wealth unit income rises 10% in Q4
The wealth and investment management (WIM) arm of Wells Fargo has reported net income of $653m for the fourth quarter of 2016, up 10% compared to $595m a year ago.
Hampton Financial snaps up All Group Financial Services
Toronto-based Hampton Financial has purchased the wealth management business of All Group Financial Services for an undisclosed amount.
Worlds richest eight people hold as much wealth as half the world: Oxfam
The worlds richest eight men now hold as much wealth as 3.6 billion people who constitute the poorest half of the world, according to an Oxfam report.
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J. Safra Sarasin wraps up Credit Suisse Monaco acquisition
Swiss private banking firm J. Safra Sarasin Group has concluded the acquisition of Credit Suisses private banking operations in Monaco for an undisclosed sum.
Emirates NBD annual net profit rises 2%
Emirates NBD has reported net profit of AED7.24bn for the year ended 31 December 2016, up 2% compared to AED7.12bn a year ago.
European court rejects UBS appeal against bail in French tax fraud case
The European Court of Human Rights (ECHR) has rejected a challenge by Swiss banking giant UBS to overturn a bail ordered by the French court over its alleged role in French tax evasion case.
Bank of America wealth unit income rises 1.7% in Q4
The Global Wealth and Investment Management arm of Bank of America has posted a net income of $634m for the fourth quarter of 2016, up 1.7% compared to $623m a year ago.
Morgan Stanley to pay $13m fine for overbilling advisory clients
Morgan Stanley Smith Barney has agreed to pay a fine of $13m to the Securities and Exchange Commission (SEC) to settle allegations of overbilling clients and violating the custody rule pertaining to annual surprise examinations.