All articles by Verdict Staff
Verdict Staff
BNY Mellon names new head of private bank life insurance lending group
BNY Mellon has reportedly appointed Rebecca Ryan as head of private banks life insurance lending group, a newly created role.
Impact investors to commit 19% more capital in 2014: JP Morgan and GIIN
About 125 of the world’s largest impact investors, including fund managers, banks, foundations, development finance institutions, and pension funds surveyed by J.P. Morgan and the Global Impact Investing Network (GIIN) expect to commit 19% more capital to impact investments in 2014 compared to 2013, as satisfaction with the financial returns and the social and environmental impact of these investments remains high.
Audit Commission recommendations disappointing: AVCAL
Recommendations made by the National Commission of Audit to abolish key innovation funding programmes are flawed and demonstrate a lack of genuine commitment to fostering a stronger Australian economy in the future, according to the Australian Private Equity & Venture Capital Association Limited (AVCAL).
Bank of Beijing hires Goldman Sachs, Morgan Stanley for 2015 IPO
Bank of Beijing, a Chinese government-controlled bank, has appointed Goldman Sachs Group and Morgan Stanley to manage its Hong Kong initial public offering (IPO) scheduled in 2015.
ECP Asset Management opens new office in Sydney
ECP Asset Management, an Australia-based equities manager, has opened a new national office in Sydney.
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UK FCA bans former UBS trader for failings related to US$2.3bn unauthorised trading losses
The UK’s Financial Conduct Authority (FCA) has banned John Christopher Hughes from performing any function in relation to any regulated activity in the financial services industry for failings related to US$2.3bn unauthorised trading losses by another trader Kweku Mawuli Adoboli.
Advisory firms need to rethink their multigenerational planning offering: Pershing Study
Most advisors are not actively taking steps to prepare for the $30 trillion that investors will transfer to heirs over the next 30 years, according to a study released today from Pershing, a BNY Mellon company.
JP Morgan Asset Management upgrades Target Date Compass Program
JP Morgan Asset Management has upgraded its Target Date Compass, a tool used by advisors to guide plan sponsors through an increasingly complex target date fund universe.
Old Mutual Wealth to purchase additional 50% stake in Cirilium from Henderson
Old Mutual Wealth (OMW), a UK-based wealth management firm containing Skandia and Old Mutual Global Investors, has agreed to buy additional 50% stake in Intrinsic Cirilium Investment from Henderson Global Investors for an undisclosed amount.
Crystal & Co opens new office in Dallas-Fort worth area
The Private Client Services group of Crystal & Company, a strategic risk and insurance advisors, has opened a new office in Dallas-Fort Worth area.