All articles by Verdict Staff
Verdict Staff
Renaissance Capital appoints new global head of equities
Russia-based Renaissance Capital has appointed Benjamin Samuels as global head of equities.
Mariner Wealth Advisors launches new business to target mass affluent market
Mariner Wealth Advisors is breaking into the mass affluent market with the launch of a new business called, FirstPoint Financial, which will offer personalized financial advice and planning with no minimum balance required.
Standard Chartered, DBS, HSBC place bids for SocGen’s Asian private banking arm – report
French banking major Societe Generale (SocGen) has received first round of bids from Standard Chartered, DBS Group and HSBC for its Asian private banking arm valued at US$600 million, Reuters has reported citing undisclosed sources.
European investors preferring long term funds over bond funds: Morningstar
European investors are abandoning bond funds as they grew nervous about the rise in interest rates but have come back to long term mutual funds, as inflows of 26.8 billion in July replaced outflows of 35 billion seen in June, according to the fund flow data from Morningstar.
Global structured finance losses to finish 2013 lower: Fitch
Losses on structured finance transactions are on track to finish this year slightly lower than 2012, according to a new report from Fitch Ratings.
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Schroders selection head rejoins Russell Investments
Russell Investments has appointed Rob Hall as client portfolio manager for its multi-asset team.
Private equity fundraising in 2013 YTD up 20% on same period in 2012: Preqin
Preqins data shows 179 private equity funds closed in Q3 2013, securing an aggregate US$87 billion, a figure which is expected to increase by 10-20% as more information becomes available. A total of 606 funds have closed so far in 2013, which is less than the 684 funds which closed between Q1 and Q3 in 2012.
IFMI slashes 20% of workforce in connection with anticipated consolidation
Institutional Financial Markets (IFMI), a US-based financial services company specializing in credit-related fixed income investments, has axed approximately 20% of its workforce in anticipation of consolidation of its two broker-dealer subsidiaries, C&Co/PrinceRidge and JVB Financial Group, into a single unit.
Fidelity tax-exempt defined contribution business doubles since 2008
Fidelity Investments has reported that its assets under administration (AUA) have doubled since the start of the financial crisis five years ago.
HSBC unveils multi-asset investment portfolio with Asia Focused solution
HSBC Bank Middle East has expanded its wealth management offering by launching a multi-asset investment platform with Asia Focused Solution.