All articles by Verdict Staff
Verdict Staff
Saxo Bank opens new office in Abu Dhabi
Saxo Bank, the online multi-asset trading and investment specialist, has opened a new office in Abu Dhabi in a move to expand its presence in the UAE.
Fundsmith to launch new emerging markets trust
Fundsmith, a UK-based fund manager headed by Terry Smith, is planning to launch a new Emerging Equities investment trust to focus on global emerging market (GEM) equities, effective 25 June 2014.
State Street Investor Confidence Index rises in May
State Street Investor Confidence Index (ICI) increased by 0.5 points in May to settle at 119.5. Investors in both North America and Asia displayed lower risk appetite, with the North American ICI falling 6.4 points to 115.5 and the Asia ICI falling by 10.6 points to 104.4.
Bestinvest, Tilney to rebrand merged business as Tilney Bestinvest
UK-based financial services firm Bestinvest and wealth management business Tilney will rebrand the merged business as Tilney Bestinvest following the regulatory approval in June 2014.
First Savings Bank acquires wealth manager Longview Capital Management
First Savings Bank of Perkasie, a US-based mutual savings bank, has acquired Longview Capital Management, a wealth management company with a portfolio of more than $270 million in assets under management.
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Mauritius to provide automatic exchange of tax-related information to India
Mauritius has decided to provide automatic exchange of tax related information to India to allay apprehensions about Mauritius being used for money laundering activities.
BNY Mellon names new enterprise product management group head
BNY Mellon has appointed Nikos Kardassis, former CEO of India-based Jet Airways, as new chairman of enterprise product management group.
Hang Seng Bank appoints new non-executive director
Hang Seng Bank has appointed Henry K S Cheng, chairman and executive director of New World Development Company Limited and Chow Tai Fook Jewellery Group as new independent non-executive director (INED) of the Bank.
Barclays, Credit Suisse scale back operations in Singapore
Barclays and Credit Suisse are gradually trimming their physical presence by decreasing office space in Singapore.
Sourcing the right collateral increases as priority for financial industry in Asia: Survey
Sourcing the most appropriate collateral to cover global exposures, thereby reducing the risk of financial transactions, has risen up the list of priorities for financial institutions in Asia in the past 12 months, according to a poll of delegates at the Global Securities Financing (GSF) Conference Asia in Singapore this year.