All articles by Verdict Staff
Verdict Staff
Generali exploring alternatives to Swiss private banking sale report
Italian insurer Generali, which has been trying to sell its Swiss private bank BSI Group for more than two years, is now exploring alternatives to the sale, including an initial public offering (IPO), Reuters has reported.
Bellpenny completes acquisition of £100 million client bank from Spofforths
Bellpenny, a UK-based wealth management firm, has completed the acquisition of Spofforths Financial Plannings £100 million client book, Spofforths FP.
Berry Asset Management signs up for ARC’s Suggestus Service
Wealth management firm Berry Asset Management has signed up for the Asset Risk Consultants (ARC) Suggestus service, and has received the ARC Approved Due Diligence Kitemark.
Schroders FTSE DC report uncovers lack of diversification
Over the past 12 months 85% of the UK’s top FTSE 350 listed companies have not significantly changed their asset allocation. Of the 15% that have made significant investment decisions, few have diversified, according to Schroders second FTSE DC report.
Horizons ETFs launches its first ETF in Colombia
Horizons ETFs Management (LATAM), a member of the Horizons ETFs Group, has launched its first ETF in Latin America in partnership with CitiTrust.
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Societe Generale launches private banking offering in Morocco
French banking group Societe Generale has launched private banking services in Morocco through its local subsidiary Societe Generale Maroc.
SEC sanctions three firms under compliance program initiative
Securities and Exchange Commission has sanctioned three investment advisory firms for repeatedly ignoring problems with their compliance programs.
Aberdeen Asset Management in talks with Lloyds over Swip sale
Aberdeen Asset Management is in preliminary talks with Lloyds Banking Group over a sale of Scottish Widows Investment Partnership (Swip), which manages more than £140 billion on behalf of investors.
Brazils BB Gestão selects BNP Paribas for fund administration services
B Gestão de Recursos DTVM, a subsidiary of Banco do Brasil, has chosen BNP Paribas Securities Services to provide global custody, fund administration and depository bank services to its US$7 billion qualifying investor fund.
FCA warns advisers over use of risk-rated funds
The UK’s Financial Conduct Authority (FCA) has raised concerns over the use of risk-rated funds, stating that advisers should not rely on what on the marketing material provided by the product providers when outsourcing their clients investments instead they must come to their own conclusion on the risk level of a fund.