All articles by Verdict Staff
Verdict Staff
Outlook for equities looks ‘bullish’ with no major ‘event risks’ on the horizon: ING
ING Investment Management International (ING IM) says that the fundamental outlook for equities is positive, and for the first time in five years it cannot see any major ‘event risks’ on the horizon.
Million pound donations rose 9% to £1.35bn in 2012: Coutts report
Coutts and the University of Kent have launched the 6th annual Coutts Million Pound Donors report, which reveals that UK philanthropy is buoyant with the highest level of £1m+ donations in the UK in 2012 since the financial crisis in 2009, rising 9% from 2010/11 to £1.35bn in 2012.
Fiduciary Trust opens office in Florida
Fiduciary Trust Company International, a US-based privately owned investment manager, has opened an office in Boca Raton, Florida.
Wilmington Trust appoints new private client advisor in New York
Wilmington Trust has appointed Kevin DeHond as a private client advisor in its wealth advisory office in Fishkill, New York.
CSRC grants RQFII license to China Everbright Asset Management
China Everbright Asset Management, a subsidiary of China Everbright, has received a Renminbi Qualified Foreign Institutional Investor (RQFII) license from the China Securities Regulatory Commission (CSRC) on 30 October 2013.
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Crédit Agricole expands private banking team in Switzerland and Asia
Crédit Agricole Private Banking has expanded its management team at Crédit Agricole Suisse by hiring Patrick Ramsey as head of private clients and Hans Diederen as chief executive for Asia private banking division.
Plan participants and their advisor choices: Spectrem report
Among defined contribution plan participants, there is no clear-cut choice for a type of advisor to use for managing assets, according to the Spectrem report, ‘Advisor Usage Among DC Plan Participants’.
Situs purchases US broker-dealer Situs Capital Management
Situs, a Texas-based commercial real estate advisory and asset management service provider, has acquired Situs Capital Management (SCM), a wholly-owned subsidiary of Situs Holdings, for an undisclosed amount.
UBS closes Global Diversified fund
UBS Global Asset Management has shut down its under-performing UBS Global Diversified fund in a continuous effort to consolidate its UK fund range.
Fidelity Investments expands short duration bond funds range
American asset management firm Fidelity Investments has expanded its line-up of short duration bond mutual funds for investors and financial advisors with the launch of three new products.