All articles by Verdict Staff
Verdict Staff
BNY Mellons German investment boutique strengthens sales team
Meriten Investment Management, BNY Mellon’s German based investment manager, has appointed Martin Theisinger as member of the General Management Board with responsibility for sales.
High-Net-Worth worth women trust higher percentage of assets to professionally managed accounts than men
The majority of High-Net-Worth investors’ assets are comprised of investable assets which the largest percentage are invested in professionally managed accounts, according to a Millionaire Corner report.
BMO Global Asset Management bolsters US investment team
BMO Global Asset Management has appointed Pete Papageorgakis and Casey Hatch, to the firms US investment team based in Chicago.
First net settlement service to UK funds market goes live on Calastone and Barclays’ system
Calastone and Barclays have gone live with the market’s first-ever net settlement service as Smith & Williamson and Capita Asset Services select the solution for their automated settlement of funds.
NRI wealth management market worth US$1.065 trillion in 2017
As of May 2012, the population of overseas Indians, including NRIs and PIOs stood at around 21.9 million, with the population of NRI millionaires reaching approximately 180,000 in 2012, according to 2020 Foresight: Non-Resident Indians 2013 market research report.
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Cross-border funds automation volume rises in H1
Overall volume of processed orders of cross-border funds grew by 15% to 14.3 million in the first half of 2013, compared to 12.5 million orders in the second half of 2012, according to a survey report published by the European Fund and Asset Management Association (EFAMA), in partnership with SWIFT.
Synchronized global growth expected in 2014: Russell Investments
Russell Investments has released its latest quarterly outlook for the global capital markets, predicting modest gains for equity markets and higher bond yields in 2014 as the world’s major economies continue to grow.
Shortage of financial advisers a challenge to industry, says AFA
The asset management industry is facing shortage of new advisers who can replace those heading towards retirement.
Nedbank Private Wealth appoints new private bankers to Middle East team
Nedbank Private Wealth, a South African based wealth manager and part of the Old Mutual Group, has bolstered its Middle East team with the appointment of Marc Beattie and Chris Jones as private bankers at their Dubai-based regional operations, according to Zawya.
JP Morgan hires new head of custody and fund services for Australia and New Zealand
JP Morgan has named Blackrocks former COO Henry Capra as new head of its custody and funds services for Australia and New Zealand.