All articles by Verdict Staff
Verdict Staff
European asset managers rate sourcing of block trading activity high-touch requirement
According to new TABB Group research, 68% of European institutional asset managers rank sourcing of block activity as their most important high-touch requirement, at a time when the majority of managers are routing order flow through low-touch channels at record levels, increasing their algorithmic use amidst changing use of risk across the equities markets.
Natixis forms investment management JV with Moelis Asset Management
Natixis, the corporate and investment banking arm of France-based Groupe BPCE, and Moelis Asset Management have formed an investment management joint venture, Chamonix Partners Capital Management.
BMO Private Bank appoints new regional president for North Central states
BMO Private Bank has appointed Steve Johnson as new regional president, North Central States.
BTG in talks to buy Generali’s wealth management unit
Grupo BTG Pactual, a Brazilian multinational investment banking firm, is currently holding negotiations with Italian insurer Generali to acquire latter’s wealth management arm BSI.
Tavistock Investments snaps up IFA firm and investment manager
Tavistock Investments has agreed to acquire County Life & Pensions, a financial advisory business, as well as Blacksquare, a UK-based investment management business.
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US Economy expected to resume expansion with Euro area performing well: Standish
Standish Mellon Asset Management Company is anticipating a quick end to the soft patch in US economic growth and an increase in the annual rate of real gross domestic product growth to between 2.5% and 3.0% in the second quarter of 2014.
1st Global rolls out new mobile app for wealth advisors
1st Global, a research and consulting partner to select CPA and wealth management firms, has unveiled a new mobile app that connects advisors and wealth management assistants with critical business functions while they are on-the-go.
Morgan Stanley names new head of private wealth division
Morgan Stanley has named Eric Benedict as head of its brokerage business, which caters to the clients with US$20 million or more to invest.
Coutts names new head for Hong Kong market
Coutts, the wealth division of RBS, has hired Shun-Tak Pang as new managing director and head of Hong Kong market.
Real Estate gains lead positive returns for US master trust universe in Q1: BNY Mellon
The median return of the BNY Mellon US Master Trust Universe was +1.94% for the first quarter of 2014, the third straight quarter of positive results. The Universe’s median plan was up 11.65% for the 12 months ending March 31, 2014, driven by strong performance from US equities.