Morgan Stanley and Credit Suisse Group AG will become trading venues under MiFID II to make markets in bonds, equities, currencies and derivatives with their clients, two of the last major banks to reveal how they will trade under the European Union’s sweeping overhaul of financial regulation.
SINGAPORE (BLOOMBERG) – The private-banking arm of Oversea-Chinese Banking is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas.
JPMorgan Chase & Co is powering up a lower-cost computerized investment management tool this week and plans to offer the robo-adviser to some clients next March and on a wide scale in the middle of the year.
J.P. Morgan’s private bank was sanctioned for its involvement in a billion-dollar corruption scandal at Malaysian sovereign wealth fund 1MDB. The American bank will get an on-site monitor as a result.
Rich Nuzum named President of Mercer’s global wealth business.
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