All articles by Verdict Staff
Verdict Staff
Asia-Pacific retail, wealth investors to eclipse sovereign funds as growth engines
As Asia-Pacific economies grow, creating wealthier societies, it’s the local retail fund and private banking markets that will generate close to 50% of net new flows and revenue opportunity for money managers over the next five years, according to a whitepaper from Casey, Quirk & Associates.
J.P. Morgan recruits new head of strategic relationships for Australian funds business
Mark Carlile is the new head of Australia strategic relationships for the funds business of J.P. Morgan Asset Management, situated in Melbourne.
SunGard unveils new Hedge360 risk reporting service
SunGard has unveiled a new Hedge360 risk reporting service for hedge funds to meet investor demand for due diligence and risk management.
iCreate, Convey partner to ramp up FATCA compliance system
iCreate, has entered into a strategic alliance with Convey Compliance Systems, a tax information reporting company to help banks comply with FATCA.
Market conditions key to investment plans for non-millionaires: Spectrem
Between non-millionaire and millionaire investors surveyed by Spectrem Group in April, the non-millionaires were slightly more likely to say market conditions are the primary factor affecting their current investment plans (31% vs. 30%).
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HSBC hires new global bond team head
HSBC Global Asset Management has hired Ernst Osiander as the new head of its global bond team in London, replacing Guy Dunham.
Swisspartners Group to pay US$4.4 million in US tax evasion probe
Swisspartners Investment Network, a Swiss-based asset management firm, and three of its wholly-owned subsidiaries (collectively, the Swisspartners Group), have entered into a non-prosecution agreement (NPA) with the US attorneys office for the Southern District of New York and agreed to pay US$4.4 million to the United States.
Bank Leumi USA recruits new head of U.S. private banking
Bank Leumi USA has recruited Mason C. Salit as its new head of U.S. private banking.
Qatar, Kuwait ranked most risk tolerant investor group in world: Natixis survey
Gulf-based individual investors surveyed in the UAE, Qatar and Kuwait ranked as the world’s most risk tolerant investor group, according to a global survey by Natixis Global Asset Management, one of the largest asset management companies in the world.
Wells Fargo appoints new head of corporate trust services
Wells Fargo & Company has named Troy Kilpatrick as new head of Wells Fargo Corporate Trust Services, effective from 19 May 2014.