All articles by Verdict Staff
Verdict Staff
Morgan Stanley appoints new MENA investment banking head
Morgan Stanley has appointed Patrick Delivanis as new head of investment banking for Middle East and North Africa, succeeding Klaus Froehlich.
Exclusive: Spains wealthy population set to grow
Spain’s wealthy population is set to grow but the dispute with Catalonia could put an end to the optimism. According to a new report from PBI’s sister company WealthInsight, Spain’s millionaires are expected to grow at a fast pace compared to the country’s economic situation, with figures forecasting a growth rate of 23.2% to over 277,315 millionaires by 2017.
Investec Structured Products launches new collection of plans
The structured products sector needs to start launching timely plans that directly reflect uncertainty in the UK economy, according to Investec Structured Products, which is launching its new and innovative FTSE 100 5 Year Deposit Plus Plan 1 this week.
Yorkshire Building Society to repay £8.4m to 34,000 mortgage borrowers
The Yorkshire Building Society group will refund approximately £8.4m to about 34,000 of its mortgage borrowers, according to the British market watchdog the Financial Conduct Authority (FCA).
Financial transaction tax may cost British savers £3.6 billion
The proposed European Financial Transactions Tax (FTT) may wipe up £3.6 billion off the value of equities and bonds in UK savings plans, according to a report from London Economics, a policy and economics consultancy.
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Spain’s wealthy population is set to grow
According to a new report from WealthInsight, Spain’s millionaires are expected to grow at a fast pace compared to the country’s economic situation, with figures forecasting a growth rate of 23.2% to over 277,315 millionaires by 2017. Not only will there be more millionaires in the market, the amount they possess will increase by 27.7% to just under US$1.3 trillion.
BlackRock names new CFO for Asia-Pacific
US fund house BlackRock has hired Andrew Reynolds as chief financial officer and head of corporate strategy for the Asia-Pacific region, with effect from 25 February.
Financial institutions reviewing rules on currencies traders betting own money-report
Royal Bank of Scotland (RBS), Deutsche Bank and UBS are reportedly considering ways of making new policies on private account trading in an effort to limit manipulations in foreign exchange markets.
Possible to combine ESG and SmartBeta equity: AXA IM
Consideration of environmental, social and governance (ESG) requirements can be compatible with smart beta investing, and combining the two approaches may produce higher risk adjusted returns finds AXA Investment Managers’ latest ESG Insight – A responsible investment approach to smart beta equity investing.
Cheyne Capital Management unveils debt-focused property fund
Cheyne Capital Management, a London-based alternative asset manager, has reportedly launched a new debt-focused property fund.