All articles by Verdict Staff

Verdict Staff

Barclays joins SWIFT’s KYC registry

Barclays has joined SWIFT’s Know Your Customer (KYC) Registry initiative to help develop a centralised utility to collect and distribute up-to-date standardised KYC information.

BNY Mellon automates cash collateral calculation in ETF markets

BNY Mellon, an investment management and investment services major, has enhanced exchange-traded funds (ETF) markets by introducing an automated system to calculate collateral requirements in a bid to reduce errors in ETF transactions.

AIMA releases educational guide to understanding hedge fund performance

The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has published a new educational guide to understanding hedge fund performance.

Northern Trust launches hedge fund administration business in China

Northern Trust has launched its hedge fund administration business from the firm’s Beijing base to support Shanghai’s Qualified Domestic Limited Partner Pilot (QDLP) program.

BNP Paribas Securities Services, AXA IM extend partnership to Latin America

BNP Paribas Securities Services, which has over US$ 8 trillion in assets under custody, and AXA Investment Managers (AXA IM) have extended an existing partnership to include settlement agency services in Latin America.

White Oaks Investment Management opens office in Longboat Key, Florida

White Oaks Investment Management, a US-based investment management firm, has opened a new office in Longboat Key, Florida.

Wealth manager Money Concepts forms strategic relationship with Randall State Bank

Money Concepts Capital, a wealth management and financial planning company, has formed a strategic relationship with Randall State Bank of Randall, Minnesota.

netwealth names new head of investment management and research

netwealth has named Paul O’Connor as new head of investment management and research, effective 19 May 2014.

Australia signs FATCA agreement with US

The Australian Government has signed an intergovernmental agreement with the United States as part of its efforts to improve international tax compliance and to implement Foreign Account Tax Compliance Act (FATCA).

Nearly 13% of surveyed business report drop in investment confidence: KOF

Around 13% of businesses have reported reduced confidence in investment, although at present investment and staff planning is only changing for a limited number of businesses, according to a survey by KOF on the implications of the success of the initiative against mass immigration.