All articles by Verdict Staff
Verdict Staff
EFG International hires new head for Central Switzerland, Ticino, Italy region
Swiss private bank EFG International has appointed Franco Polloni as head of Central Switzerland, Ticino and Italy region and a member of the executive committee.
SFC fines Merrill Lynch Asia entities for internal control lapses
The Securities and Futures Commission (SFC) of Hong Kong has reprimanded and fined Merrill Lynch Far East (MLFE) and Merrill Lynch Asia Pacific (MLAP) a combined amount of HK$15m ($1.93m) for internal control failures.
Hearsay rolls out new enterprise compliance platform
US-based financial technology provider Hearsay has unveiled the next generation of its enterprise compliance platform to better counter social and digital risk.
UBS deploys electronic signature service
Swiss banking giant UBS has deployed the Qualified Electronic Signature (QES) service from Cryptomathic and SwissSign to strengthen security and control of its document management.
Canaccord Genuity to snap up C. Hoare & Co’s dealing and custody business
Canaccord Genuity Wealth Management UK & Europe has agreed to acquire the investment dealing and custody business of British private bank C. Hoare & Co for an undisclosed sum.
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Global art market sales dip 11% in 2016
Total sales in the global art market stood at $56.6bn in 2016, 11% less than the previous year, according to the first Art Basel and UBS Global Art Market Report.
Rathbones rolls out new managed portfolio service
British wealth manager Rathbones has introduced a new managed portfolio service for customers of financial advisers, effective from 3 April 2017.
Falcon receives cash infusion from Abu Dhabi owner after slipping into loss
Private banking boutique Falcon Group – involved in Malaysia’s 1MDB state investment fund scandal – has reported a loss of CHF128m for the financial year 2016.
Arbuthnot Latham pre-tax profit surges 51% in 2016
Arbuthnot Latham, the private banking unit of Arbuthnot Banking Group, has reported pre-tax profit of £9.1m for the year ended 31 December 2016, a 51% surge compared to £6m a year ago.
CBA, Austrade ink fintech collaboration agreement
The Commonwealth Bank of Australia (CBA) and Austrade have inked a collaboration pact to encourage the flow of fintech innovation between Australia and the UK.