All articles by Verdict Staff
Verdict Staff
European Institutional managers expect fall in fund fees: Cerulli study
Around 35% of European institutional managers expect fees for assets run in funds will fall in the next 12 to 24 months, according to a new report on the European institutional asset management industry by Cerulli Associates.
ECB and the People’s Bank of China establish a bilateral currency swap agreement
The European Central Bank (ECB) and the People’s Bank of China (PBC) have agreed to establish a bilateral currency swap arrangement to purchase and subsequently repurchase Chinese yuan and euro from each other.
Standard Life reveals new unbundled wrap charging structure
Standard Life has unveiled the details of its unbundled charging structure, which will include discounts for some advised clients.
Bravura Solutions launches new version of wealth management software
Bravura Solutions has launched a version 3 of its Sonata wealth management and life insurance software, which offers a range of enhanced features and functionality.
Odey Asset Management to open office in New York
Odey Asset Management, a London-based investment firm managing US$10 billion of hedge funds, is to expand its network by opening a new US office in New York.
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The Japan Equity Fund secures approval of Aberdeen as investment manager
The Japan Equity Fund and Aberdeen Asset Management Asia jointly announced that the Fund’s Board of Directors has voted unanimously to approve and to recommend that stockholders of the Fund approve an Investment Management Agreement between the Fund and Aberdeen Asset Management Asia.
Cadman Wealth Planning opens new office in South Gloucestershire
Cadman Wealth Planning, a partner practice of Cirencester-based St. Jamess Place Wealth Management, has officially opened a new office in South Gloucestershire.
Indonesian couple to sue Singapore StanChart for over US$3 million
An Indonesian couple is set to sue UK-listed Standard Standard Chartered Bank in Singapore over alleged breach of duties and loss of money from a failed foreign exchange trade during the 2008 financial turmoil.
Sorbus Partners appoints new chairman
Staffordshire based wealth management firm, Sorbus Partners has appointed Steve Hollis, the former chairman of KPMGs Midland practice, as chairman of its advisory board.
Ashcourt Rowan appoints new CEO for asset management arm
Ashcourt Rowan, an asset management holding company, has appointed Harry Burnham as the CEO of its asset management business.