All articles by Verdict Staff
Verdict Staff
Coalition to Protect Retirement launches campaign to safeguard retirement savings incentives
Americans overwhelmingly – by a margin of 4 to 1 – oppose changing tax rules for retirement savings accounts, according to a survey by the Coalition to Protect Retirement, a group of America’s leading supporters of retirement savings plans.
Maybank to expand business in US
Malayan Banking Berhad, a Malaysia-based lender trading as Maybank, is set to expand its business in the US by providing new services such as transaction banking, asset management, fixed income distribution, and Islamic banking.
Global Prime Partners appoints BNY Mellon as global clearing and custody provider
Global Prime Partners has entered into an agreement with BNY Mellon, the global leader in investment management and investment services, whereby BNY Mellon’s Broker-Dealer services business will provide clearing and custody services to GPP’s expanding group of high quality emerging investment manager clients.
Ashmore launches Ashmore EM Frontier Equity Fund
Ashmore Investment Management (Ashmore), one of the world’s largest specialist managers of Emerging Markets (EM) debt and equity securities, with assets under management of US$78.5 billion has launched the Ashmore EM Frontier Equity Fund (the Fund).
Peregrine seeks for acquisition opportunity
Peregrine, a South African wealth and asset management firm, is in talks with several companies to make an acquisition within the next six months, according to BDlive.
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SEC charges RBS Securities with misleading investors in subprime RMBS offering
The Securities and Exchange Commission has charged RBS Securities, a subsidiary of the Royal Bank of Scotland, with misleading investors in a 2007 subprime residential mortgage-backed security (RMBS) offering.
The Rise of Digital and Social Advice
For wealth managers in Europe, the past five years have been challenging as they struggle to meet regulatory and tax transparency requirements and deal with the erosion of client trust. In future, many will continue to struggle to achieve responsible revenue growth and margins.
Frugal products allow profitable growth in emerging markets in 2014: Roland Berger study
Economic growth will slow significantly in 2014 in both industrialized nations and emerging markets. Germany’s GDP is expected to grow by just 1%, according to a study by Roland Berger Strategy Consultants and the International Controller Association (ICV) entitled ‘Operations Efficiency Radar – Top levers for the 2014 CFO agenda’.
Asset managers seek to hire to support alternative investments
Nearly half of the asset managers (47%) plan to recruit marketing personnel and 41% are looking to appoint sales personnel in the coming 12 months in a move to support alternative investments, according to a research from Boston-based global analytics firm Cerulli Associates.
Guggenheim Securities hires Cory Wishengrad to broaden its structured products capabilities
Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, has hired Cory Wishengrad as a senior managing director.