All articles by Verdict Staff
Verdict Staff
World’s top billionaires wealth swells by US$524 billion in 2013 – Bloomberg Billionaires Index
The 300 richest people on the planet added US$524 billion to their collective net worth, according to the Bloomberg Billionaires Index.
Commerzbank plans to expand wealth management business in Germany
Commerzbank is planning to expand its wealth management business in Germany following Credit Suisse’s decision to sell its private bank in Germany to Bethmann Bank.
Federated Investors announces addition to board of trustees for closed-end funds
Federated Investors has announced that John T. Collins and P. Jerome Richey have joined the Board of Trustees for Federated Enhanced Treasury Income Fund, Federated Premier Municipal Income Fund and Federated Premier Intermediate Municipal Income Fund effective Jan. 1, 2014.
Carlyle, Fortress Investment reveal plans to tap retail investors
Carlyle Group, a US-based alternative asset manager, and Fortress Investment are planning to launch new funds to further tap retail investors.
Raymond James welcomes US$1.1 million team from LPL Financial in Cary, NC
Raymond James recruited financial advisors Terry Wiles, CDFA, CRPC, AWMA, and Ryan Smith, CFP, MSFP, in Cary, N.C., according to Scott Whitley, regional director for Raymond James Financial Services (RJFS), the firm’s independent broker/dealer.
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Henderson names co-manager for high income trust
Henderson Global Investors has named David Smith as co-manager of its GBP209 million Henderson High Income Trust, effective 2 January.
China Development Bank issues first batch of financial bonds on Shanghai Stock Exchange
China Development Bank (CDB) has issued the first batch of financial bonds with the amount of RMB12 billion on the Shanghai Stock Exchange (SSE) on 27 December 2013.
US CFTC appoints co-chiefs of staff and co-chief operating officers
US Commodity Futures Trading Commission (CFTC) acting chairman Mark Wetjen has announced that Joseph Cisewski and Scott Reinhart have been named co-chiefs of staff and co-chief operating officers.
Art Philanthropy: Combining a clients passion for art with wealth giving
Leading edge private banks are recognising that today’s UHNWI’s require the same strategic planning for an art collection as other financial investments and with the help of skilled advice can leave a lasting legacy.
Mechanics Bank appoints new executive vice president of wealth management
Mechanics Bank has named Deberah Kelley as new executive vice president of wealth management.