All articles by Verdict Staff
Verdict Staff
Crédit Agricole Private Banking appoints new head of the Latin America
France-based Crédit Agricole Private Banking (CAPB) has appointed Olivier Livenais as new chief executive in Miami replacing Mathieu Ferragut.
Center Coast selects Vestmark Business Process Outsourcing service for its MLP SMA program
Vestmark has announced Center Coast Capital Advisors, LP’s selection of Vestmark Business Process Outsourcing (BPO) service to support and scale its growing master limited partnership (MLP) separately managed accounts (SMA) business.
Investment Quorum selects Ingenious to manage discretionary funds
Wealth management firm Investment Quorum (IQ) has selected Ingenious Asset Management to manage its six risk-rated discretionary investment portfolios.
Principal Financial Group appoints new CIO
The Principal Financial Group has hired Tim Dunbar as new executive vice president and chief investment officer effective from 1 January 2014.
Private equity industry ends 2013 with record US$1.074 trillion of dry powder: Preqin
Preqin data indicates that current dry powder, capital committed to private equity funds but still yet to be invested, is at a record level, exceeding the previous record high seen before the onset of the global financial crisis in 2008.
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UBS to sell CEFS International business to Montagu Private
UBS has agreed to sell its Corporate Employee Financial Services (CEFS) International business to Montagu Private Equity for undisclosed sum.
BMO Global Asset Management unveils new frontier markets equity fund
BMO Global Asset Management has launched its new BMOLloyd George Frontier Markets Equity Fund.
Univest agrees to acquire Girard Partners
Univest Corporation of Pennsylvania, parent company of Univest Bank and Trust, has agreed to acquire Girard Partners, an investment advisory firm with more than US$500 million in assets under management.
FINRA fines Deutsche Bank US$6.5 million for serious financial and operational deficiencies
The Financial Industry Regulatory Authority (FINRA) has fined Deutsche Bank Securities (DBSI) US$6.5 million and censured the firm for serious financial and operational deficiencies primarily related to its enhanced lending program.
Jupiter restructures fund management team
Jupiter has restructures the management teams across its funds with effect from 1 January 2014.