All articles by Verdict Staff
Verdict Staff
SEI boosts presence in variable annuity market with Jefferson National deal
SEI has been selected to provide its range of leading asset allocation solutions for Jefferson National’s Monument Advisor, the industry’s first and only Flat-Fee Variable Annuity (VA).
Neuberger Berman launches new long short multi-manager fund
Neuberger Berman Group, a US-based employee-controlled money manager, has launched Neuberger Berman Long Short Multi-Manager Fund.
Hong Kong’s SFC reprimands and fines HSBC Securities Brokers (Asia)
The Securities and Futures Commission (SFC) of Hong Kong has reprimanded HSBC Securities Brokers (Asia), a wholly owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited (HSBC), and fined it $5 million for providing inaccurate information to the SFC during a licence application process.
UKs FCA fines JLT Specialty £1.8million over bribery risks from overseas payments
The Financial Conduct Authority of UK (FCA) has fined JLT Specialty Limited (JLTSL) over £1.8million for failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.
Eclipse Capital Management appoints MD to lead business development
Eclipse Capital Management has appointed Nigel Ekern as managing director to lead Eclipse Capital’s business development efforts.
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Oakley Capital hires Invesco executive to create asset management unit
Neil Woodford, fund manager at Invesco Perpetual, will join London-based investment firm Oakley Capital Management in May 2014 to create a new asset management unit.
Standard Life establishes new advisory board in Asia
Standard Life has established an Asia advisory board to provide guidance and advice on its strategy to grow across the region.
HD Vest Financial Services VestAdvisor Select grown over US$700 million in first year
HD Vest Financial Services has announced that the firm’s innovative new portfolio management service, VestAdvisor Select, has grown rapidly in the year since its launch, with assets managed through the service now surpassing US$700 million.
ING IM unveils new frontier bond fund
ING Investment Management has unveiled a new hard currency bond fund focused on the frontier markets.
Six more jurisdictions sign FATCA agreements with US
The US has signed bilateral agreements with a six more jurisdictions, including several traditional offshore tax havens, to improve tax compliance, combat international tax evasion, and implement FATCA.