All articles by Verdict Staff
Verdict Staff
US receives request from additional 106 Swiss banks to participate in tax probe
The United States Justice Department has received request from additional 106 Swiss banks to participate in the tax probe brokered by the Swiss and US governments.
Cordium acquires HedgeStart to offer clients tax consultancy services
Cordium, a UK-based compliance and regulatory services provider, has acquired an outsourced consulting services provider HedgeStart, to add corporate and private client tax capability to its client services.
Labuan IBFC enters into MoU with INCEIF to conduct research on Islamic wealth management
The Labuan International Business and Financial Centre (Labuan IBFC) and INCEIF – The Global University of Islamic Finance have signed a Memorandum of Understanding (MoU) today to establish a collaborative framework towards raising awareness on Islamic wealth management globally, particularly through industry-driven research.
Unigestion expands into Canadian market
Unigestion, a Geneva-based independent management company, has opened an office in Toronto to acquire more assets from Canadian institutional clients.
MAS opens license applications to invest offshore renminbi in Chinese securities markets
The Monetary Authority of Singapore (MAS) has announced that eligible financial institutions can submit applications for the Renminbi Qualified Foreign Institutional Investor (RQFII) licence that will enable these institutions to offer RMB investment products and invest offshore RMB into China’s securities markets.
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UBS appoints former Morgan Stanley bankers in Russia
UBS has hired two senior ex-Morgan Stanley bankers Elena Titova and Rair Simonyan to lead its Russian business.
Aon Risk Solutions combines financial businesses to form new division
Aon Risk Solutions (ARS), the global risk management business of Aon, has combined its four existing financial businesses into a new expanded segment, Financial Specialties.
Global ETF AUM to surpass hedge fund industry in 18 months: EY
The exchange traded funds (ETF) industry could surpass the hedge fund industry in assets under management (AUM) in the next 12-18 months according to EY’s Global ETF survey.
BlackRock, KKR eyeing stake in China Huarong Asset Management
KKR & Co and BlackRock are in talks to acquire a pre-IPO stake in China Huarong Asset Management Co, reported Reuters.
IV Lions launches new financial advice service for smaller investors
In response to the early stage investing conundrum, IV Lions, a low cost financial advisor, has announced the launch of a new service called “Seedlings” for those with small investible assets.