All articles by Verdict Staff
Verdict Staff
State Street, MFS to collaborate on exchange traded product development
State Street Global Advisors, the asset management arm of State Street Corporation and MFS Investment Management, an active global asset manager, has announced a strategic partnership to collaborate on exchange traded product development.
Aequitas Capital appoints new executive VP
Aequitas Capital has appointed William Ruh, former executive of Castle Creek Capital, as executive vice president and managing principal.
Lazard Japan Asset Management hires Yugo Ishida as CEO
Lazard Asset Management has announced that Yugo Ishida has joined Lazard Japan Asset Management K.K. as representative director and chief executive officer, effective immediately.
Russell Investments taps Fiera Capital to sub-advise global equity strategies
Fiera Capital, a Canada-based investment management firm, has been selected by Russell Investments to sub-advise recently launched Russell Focused Global Equity Pool and the existing Russell Global Defensive Equity Fund.
RBS to cull thousands more jobs to reduce costs
Royal Bank of Scotland (RBS) is planning to cull thousand more jobs next month in a move to save costs and stabilize its balance sheet.
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Romano Wealth Management names new chief operating officer
US-based Romano Wealth Management has named Grace Garby as its new chief operating officer.
Equity, event driven hedge funds lead industry to best gain since 2010: HFR
Hedge funds posted a fourth consecutive month of gains in December led by Equity Hedge and Event Driven strategies, as broad-based performance gains across all strategies contributed to the strongest annual performance since 2010, according to Hedge Funds Research.
Standard Bank expands expanding private clients investment team
Standard Banks international private clients investment division, Melville Douglas, has appointed Justin Maloney as its new senior portfolio manager.
Dexia to offload remaining stake in Spanish venture to Banco Popular
Franco-Belgian Banking group Dexia has agreed to sell its 40% stake in Spanish private banking venture Popular Banca Privada to its joint venture partner Banco Popular Español for 49.2 million (US$67.12 million).
Vanguard Asset Management to slash fees on LifeStrategy funds
Vanguard Asset Management will slash the fees on a selection of its LifeStrategy funds at the end of the month.