All articles by Verdict Staff
Verdict Staff
Vestar Capital to acquire Institutional Shareholder Services for US$364 million
Institutional Shareholder Services (ISS) has announced that its parent company, MSCI had entered into a definitive agreement with Vestar Capital Partners, pursuant to which Vestar has agreed to acquire ISS for US$364 million.
US senators seek extradition of Swiss bankers
American senators Carl Levin and John McCain have urged the Department of Justice (DoJ) to seek extradition of about 50 Swiss bankers and financial advisers who have been criminally charged with aiding and abetting offshore tax evasion.
HighTower expands enterprise development team
Amit Dogra has joined HighTower as executive director of East Coast Relationship Management.
NAB seeks to regain share in wealth management market in two years – report
National Australia Bank (NAB) is reportedly planning to sell more retirement products and better utilize its retail network to regain its share in wealth management market over the next two years.
Council of the European Union confirms agreement with EP on investment funds
The Permanent Representatives Committee has approved, on behalf of the Council, an agreement reached with the European Parliament on a proposal to amend EU rules on investment funds.
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Brewin Dolphin expands fund research team
Brewin Dolphin, a UK-based wealth management firm, has bolstered its fund research department by hiring Michael Paul as fund analyst.
Three Noah entities completed the registration with Asset Management Association Of China
Noah Holdings, a wealth management service provider focusing on distributing wealth management products to the high net worth population in China, announced that three Noah entities successfully completed the registration of private security investment, equity investment and venture capital investment business with Asset Management Association of China (“AMAC”) and each received a private investment fund manager registration certificate from AMAC.
Former French budget minister accused of hiding 2.5 million in Isle of Man
Former French budget minister Jerome Cahuzac, who was sacked last year for maintaining secret Swiss bank account, has also been accused of maintaining a secret bank account in the Isle of Man.
Succession to launch new investment platform for sub-£50k clients
Succession, a UK-based wealth management firm, is planning to launch a lite version of its platform for clients with less than £50,000 of investable assets.
J. Safra Asset Management selects MSA’ investment management platform
J. Safra Asset Management (JSAM) has selected from Market Street Advisors’ (MSA) Archer MSA investment management platform and a full suite of operational services from MSA Ops.