All articles by Verdict Staff
Verdict Staff
Old Mutual Global Investors expands Asian sales team
Old Mutual Global Investors has expanded its Asian sales team based in Hong Kong by appointing Iris Tsui as new senior sales manager.
720,036 shares sold from Incyte Corp
Paul A Friedman, director of Incyte Corp, the US-based company operating in the pharmaceuticals and healthcare sector, has sold 720,036 shares, representing a 0.4469% stake in the company. The shares were sold at a price of $65.82 each for gross proceeds of $47.39m.
BoA’s wealth arm reports net income of $729 million, up 1%
Bank of America (BofA)’s global wealth and investment management sector has reported a net income of US$729 million, up 1% from the first quarter of 2013 due to strong revenue performance and low credit cost. By William Wesnofske
Young people take more active interest in superannuation: MLC Wealth
In a break with tradition, young people are taking a more active interest in their superannuation with the 30-49 year old group being the most concerned about planning for retirement, according to the latest quarterly MLC Wealth Sentiment survey.
FSCS hikes adviser levy to £112 million for 2014/15
Financial services firms will receive a lower than expected levy in 2014/15, says the Financial Services Compensation Scheme (FSCS). Firms will pay £37 million less than FSCSs initial projections in January.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Deutsche Bank establishes investor services division
Deutsche Bank has established a new investor services division within its trust and securities services/cash management financial institutions.
TD Asset Management plans to launch new shareholder yield fund in US
TD Asset Management (TDAM) is planning to launch a new TD US Shareholder Yield Fund and also add an Advisor Series and F Series to its TD European Growth Fund.
China to have strong sustainable gold demand over next four years: World Gold Council
A major report published by the World Gold Council “China’s gold market: progress and prospects” suggests that private sector demand for gold in China is set to increase from the current level of 1,132 tonnes(t) per year to at least 1,350t by 2017.
Investor confidence in global economic growth remains high for 2014: BofA Merrill Lynch
Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, according to the BofA Merrill Lynch Fund Manager Survey for April.
Treasury Group to buy 15% equity stake in ROC Partners
Treasury Group (TRG) has agreed to acquire a 15% equity stake in ROC Partners, an Australian and Asian private equity investment and advice business.