All articles by Verdict Staff
Verdict Staff
Cybersecurity concerns force boards to rethink risk oversight: NYSE
Experience in overseeing the growing threat of cybersecurity risk is one of the key attributes boards will look for when appointing their next new corporate director, according to the 11th annual What Directors Think survey, a comprehensive report on boardroom trends.
Cantor Fitzgerald AM buys Fintan Partners
Cantor Fitzgerald Asset Management (CFAM) has purchased Fintan Partners, a California-based fixed income absolute return fund of hedge funds.
Prudential Regulation Authority grants private banking license to SCOBAN
Prudential Regulation Authority (PRA) has granted a banking licence to SCOBAN, a new private bank headquartered in Edinburgh.
GAM Holding underlying profits up 30% in 2013
GAM Holding, a Switzerland-based wealth management and investment firm, has reported an underlying net profit of CHF210.2 million (US$237.7 million) for 2013, a rise of 30% year-on-year. Earnings per share rose 34% to CHF1.26 from CHF0.94 in 2012.
Financial advisory services need to be tailored to fit different markets: deVere
An overwhelming majority of Hong Kong residents who are taking financial advice from a qualified, independent professional prefer to pay for their financial advisory services through ongoing fees, rather than a one-time, upfront fee, a study by deVere Group has found.
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Apex Fund Services unveils new hedge fund valuation service
Apex Fund Services has unveiled a new three hour hedge fund net asset valuation (NAV) reporting service, called Tzero for fund managers.
Goldman Sachs taps Apple CFO as board member
Goldman Sachs has appointed Apple CFO Peter Oppenheimer as its new independent director, effective immediately.
Vontobel names new relationship management head for Swiss institutional clients
Vontobel Asset Management has named Daniel Signer as new head of relationship management for Swiss institutional clients, replacing Lukas Bolfing.
Improved funded status transforms outlook for biggest US corporate pension plans in 2014
Rising assets and falling liabilities yielded a drastic improvement for the 2013 balance sheets of the “US$20 billion club,” the 19 publicly listed US corporations with pension liabilities in excess of US$20 billion, according to an analysis conducted by Russell Investments.
Comerica appoints chief risk officer
Comerica Incorporated has announced that Michael H. Michalak has been named its chief risk officer.