All articles by Verdict Staff
Verdict Staff
Janney appoints new SVP of wealth management
Janney Montgomery Scott, a US-based wealth management firm, has appointed Martin Lutschaunig as its new senior vice president of wealth management for Yardley, Pennsylvania office.
Fullerton Fund Management expands equity investment team
Singapore-based Fullerton Fund Management has hired senior investment professionals Jason Zhu, Ian McCallum and Craig Mitchell to strengthen its equity investment team.
California attorney sentenced to prison for hiding millions in secret Swiss accounts
California attorney Christopher M. Rusch was sentenced to serve 10 months in prison for helping his clients Stephen M. Kerr and Michael Quiel, both businessmen from Phoenix, hide millions of dollars in secret offshore bank accounts at UBS AG and Pictet & Cie in Switzerland, the Justice Department and the Internal Revenue Service (IRS) announced.
India permits more private banks to import gold
India has allowed five domestic private banks to import gold, in what sector officials believe could be a significant step towards the easing of tough curbs on the metal imposed last year to cut the country’s trade deficit, William Wesnofske reports.
ING Group to further divest stake in US business
Dutch financial firm ING Group has confirmed that it is planning to sell approximately 33.5 million shares or nearly 12% stake in its U.S.-based retirement, investment and insurance subsidiary ING U.S.
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Sanlam hires four Brewin Dolphin investment managers for Teeside office
Sanlam Private Investments has hired four investment managers from Brewin Dolphin to set up a new office in Teeside.
Liquidnet expands into fixed income market with acquisition of Vega-Chi
Liquidnet, the global institutional trading network, has announced that it will enter the fixed income market with its acquisition of bond trading platform Vega-Chi.
Multi-family office firms SandAire, Lord North Street to merge
British multi-family office firms SandAire and Lord North Street have agreed to merge. The combined firm will have 50 employees and offices in London, Geneva, and Singapore.
Majority of senior executives agree with need to improve anti-fraud and anti-bribery procedures: EY
EY’s 2014 global forensic data analytics survey, Big risks require big data thinking, highlights that 63% of senior executives surveyed at leading companies around the world, agree that they need to do more to improve their anti-fraud and anti-bribery procedures, including the use of forensic data analytics (FDA).
Investec Asset Management opens office in Italy
Investec Asset Management has opened an office in Italy to support the firm’s expansion across Europe in both the institutional and adviser channel.