All articles by Verdict Staff
Verdict Staff
Firms must present their fund charges clearly: FCA
Firms must present their fund charges clearly and consistently, the Financial Conduct Authority (FCA) said, so that retail investors are able to compare charges before making decisions on where to invest.
European Commission approves amendments to restructuring plan of Lloyds Banking
The European Commission has concluded that proposals by the UK authorities to amend conditions for the divestment of Lloyds Banking Group’s (LBG) UK retail business, in the context of LBG’s restructuring plan, are in line with EU state aid rules.
Lazard Asset Management unveils new emerging markets income portfolio
Lazard Asset Management (LAM) has unveiled a new Lazard Emerging Markets Income Portfolio for investors seeking yield-based total return.
Investors doubting strength of recovery as cash levels raise again: BofA Merrill Lynch survey
Global investors have increased cash and scaled back risk-taking, amid fears of geopolitical instability and questions about the strength of the global economic recovery, according to the BofA Merrill Lynch Fund Manager Survey for May.
India’s review of depositary receipts could open door to increased foreign investment: BNY Mellon
Many global investors are welcoming recommendations contained in the M.S. Sahoo Committee report, announced today by India’s Ministry of Finance.
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Natixis plans to boost staff strength in Middle East by 50%-report
Natixis, a France-based corporate and investment bank arm of Groupe BPCE, is reportedly planning to boost staff in the Middle East by 50% this year.
T. Rowe Price names new head of Asia distribution business
T. Rowe Price has appointed Scott Keller as its new head of global investment services (GIS) for Asia Pacific, effective July 2014.
Santander to offload certain stake in custody business-report
Spanish lender Santander is reportedly near to offload certain stake in its securities custody business, worth around 1 billion ($1.4 billion), to group of private equity firms.
Recon Capital launches white label exchange traded platform
Recon Capital has announced the immediate availability of its ETF Platform enabiling asset managers, hedge funds, and registered investment advisers (RIAs) to tap into the $1.7 trillion exchange traded fund industry with Recon Capital’s comprehensive ETF infrastructure.
Generali Investments Europe names new head of sales and marketing
Generali Investments Europe, the asset management arm of Generali Group, has appointed Andrea Favaloro as its new head of sales and marketing.