All articles by Verdict Staff
Verdict Staff
RBC appoints new president and CEO, effective from 2014
Royal Bank of Canada’s president and chief executive officer, Gordon Nixon, has announced his intention to retire effective August 1, 2014, after 13 years in this role.
Hawksmoor Investment CIO steps back from role to focus on managing funds
Hawksmoor Investment Management’s Richard Scott has stepped back from chief investment officer (CIO)) role to take a more active fund management role.
Global ETF/ETP industry records new high of US$2.4 trillion in November: ETFGI
The combination of US$17 billion in net inflows and positive market performance pushed assets in the global ETF/ETP industry to a new record high of US$2.4 trillion at the end of November, according to preliminary findings from ETFGI’s November 2013 Global ETF and ETP industry insights report.
Tokyo police arrest Deutsche Securities employee over bribery
Tokyo Metropolitan Police has arrested Shigeru Echigo, an employee of Deutsche Securities for offering bribes to Mitsui & Co. pension executive Yutaka Tsurisawa.
Federal Reserve Board releases guidance to financial institutions
The Federal Reserve Board has released guidance reminding financial institutions it supervises to exercise appropriate risk management and oversight when using service providers.
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Russell Investments expands high-conviction fund lineup
Russell Investments Canada has expanded its high-conviction, concentrated fund lineup with the launch of the Russell Focused Global Equity Pool (Russell Focused Global Equity Class) for conservative investors.
Santander Chile accepts purchase offer for its asset management subsidiary
Banco Santander Chile has accepted the purchase offer of Banco Santander SA, Spain, for all the shares of Santander Chile’s subsidiary Santander Asset Management SA Administradora General de Fondos.
Pioneer Investments hires senior sales manager in Switzerland
Pioneer Investments has hired Matthias Inderbitzin as senior sales manager – wholesale in Switzerland.
UK to abolish stamp duty on exchange traded funds
The British government will abolish stamp duty on exchange traded funds (ETFs) starting April 2014 in an effort to attract financial services activities from European centres.
Schroders announces new convertible bond team
Schroders has established an in-house convertible bond team in Zurich with assets under management of US$2.1 billion.