All articles by Verdict Staff
Verdict Staff
ASIC accepts enforceable undertaking from UBS
ASIC has accepted an enforceable undertaking (EU) from UBS AG (UBS) in relation to potential misconduct involving the Australian Bank Bill Swap Rate (BBSW).
Bank of Canadas deputy governor to retire next April
The Bank of Canada has announced that John Murray, deputy governor of the bank, is set to retire on 30 April 2014.
KBC agrees to divest Antwerp Diamond Bank to Yinren Group
KBC has signed an agreement with the Shanghai-based Yinren Group to dispose of its subsidiary Antwerp Diamond Bank (ADB) for an undisclosed sum.
CI Investments names Marret Asset Management sub-advisor to four funds
CI Investments has announced that Marret Asset Management, an investment firm specializing in fixed income, has been appointed sub-advisor to four mutual funds, effective on or before January 31, 2014.
Former Barclays wealth manager sentenced to jail for fraud in South Africa
John Julyan, a former relationship manager at Absa a division of Barclays in South Africa – was sentenced to 15 years in jail on multiple counts of fraud involving ZAR15 million.
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Dimah Capital launches new global equity fund
Dimah Capital has received approval from Capital Markets Authority in Kuwait to launch a new Dimah Global Equity Fund, which seeks to capture opportunities in the global equity markets.
Old Mutual to launch three multi-asset range funds
Old Mutual Global Investors is planning to launch a range of three multi-asset range funds in February 2014.
JP Morgan restructures sales team in UK
JP Morgan Asset Management has appointed Andrew Larkin as head of the newly formed global strategic relationships management team in UK funds sales.
Deutsche Bank secures US$75 million of investments in Microfinance Enhancement Facility
Deutsche Bank has successfully secured US$75 million private investor financing from institutional investors for the Microfinance Enhancement Facility (MEF).
Towry acquires Deverill Black & Company from Lighthouse
Towry, a UK-based wealth advisory firm, has acquired 50.1% stake in Lighthouses Bristol-based subsidiary Deverill Black & Company for £501,000 in cash.