All articles by Verdict Staff
Verdict Staff
Clearstream closes 2013 with a record EUR 12.0 trillion in assets under custody
In December 2013, the value of assets under custody held on behalf of customers registered an increase of 6% to a record EUR12.0 trillion, compared to EUR 11.2 trillion in December 2012, reported Clearstream.
Ashcourt Rowan completes acquisition of Generali Portfolio Management
Ashcourt Rowan has completed the acquisition of Generali Portfolio Management (UK) in a deal worth up to £2.1 million.
Jupiter Fund Management planning sale of wealth manager arm
Jupiter Fund Management is considering the sale of its wealth management business, which manages assets worth £2.2 billion.
UFS offers non exchange-traded closed-end fund service
Ultimus Fund Solutions has launched a new non exchange-traded closed-end fund service offering.
Babson Capital announces monthly distribution of US$0.1677 per share for January 2014
Babson Capital Global Short Duration High Yield Fund has announced its monthly dividend for January 2014 of $0.1677 per share payable on February 3, 2014.
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JPMAM to remove third party funds on D2C platform
JP Morgan Asset Management (JPMAM) is planning to remove third party funds on its Wealth Manager Plus D2C platform, effective 7 March this year.
Nomura to buy INGs asset management arm in Taiwan
Japanese investment manager Nomura Asset Management has agreed to buy the asset management arm of ING Group in Taiwan.
Willis Group buys Charles Monat to expand Global Wealth Solutions practice
Willis Group has agreed to acquire Charles Monat, a life insurance solutions adviser to high net worth clients, as part of strategy to expand its Global Wealth Solutions practice in Asia.
DBS Bank engages IBM’s Watson to achieve next generation client experience
DBS Bank and IBM announced an agreement in which DBS will deploy IBM’s Watson cognitive computing innovation to deliver a next- generation client experience.
Exchange of information expected as new reality: EY
Less than a quarter (23%) of Swiss banks assesses their current business performance as positive (versus 20% the previous year), according to a survey of EY.