All articles by Verdict Staff
Verdict Staff
JMP Group announces addition of Edward Weld to investment banking division
JMP Group, an investment banking and alternative asset management firm, announced that Edward K. Weld has joined JMP Securities as a managing director in its investment banking division.
Citi secures Norwegian oil fund custodian services
Citigroup has been appointed by Norges Bank Investment Management to safeguard the securities of the Norwegian oil fund through a seven-year contract.
CIBC to expand wealth management business through acquisitions
Canadian Imperial Bank of Commerce (CIBC), a Canadian chartered bank, aims to enhance its earnings from wealth management business by acquiring firms across foreign markets, including the UK and Europe.
Cinda seeks $500m in debt to boost funding
Chinese management firm Cinda Asset Management is offering bonds worth at least $500m to boost funding in anticipation of a surge in bad loans with slowing economic growth.
BNY Mellon to offload stake in Wing Hang Bank
Bank of New York Mellon has given nod to offload its stake in Hong Kong-based Wing Hang Bank, which is expected to earn the company nearly $500m.
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FGB launches global wealth management service in Singapore
UAE-based First Gulf Bank (FGB) has introduced global wealth management service in Singapore, offering its wealth profile customers a wide range of global investment products in Asia Pacific.
SIX to provide new Swiss money market for SNB and financial institutions
Since 2 May 2014 SIX operates the new Swiss money market trading platform.
Elite Wealth Management UK plans to expand client base
Elite Wealth Management (EWM) UK, a Penzance-based independent financial advice provider, is planning to expand its client base, following the recent appointment of its fifth adviser Neil Bullen.
ETFGI: Assets of ETFs and ETPs listed in the US reached $1.73 trillion, a new record high, at the end of Q1 2014
Flows into ETFs and ETPs listed in the United States rebounded in March gathering net inflows of $10.9 billion which, when combined with a small positive market performance in the month, pushed assets in the global ETF/ETP industry to a new record high of $1.73 trillion, according to ETFGIs Q1 2014 Global ETF and ETP industry insights report.
Advantus Capital Management acquires NorthShore Advisors’ Assets
Advantus Capital Management, an institutional asset manager with $29 billion under management, announced its May 1 acquisition of the client accounts of NorthShore Advisors, an asset management firm with $300 million under management located in Bloomington, MN.