All articles by Verdict Staff
Verdict Staff
Deutsche Asset & Wealth Management launches new funds
Deutsche Asset & Wealth Management has launched three new hedged equity exchange traded funds (ETFs) on the db X-trackers platform.
Bank of America simplifies corporate structure
Bank of America has completed the merger of its Merrill Lynch & Co. subsidiary into Bank of America Corp.
Global Sukuk issuance struggling to match last year’s performance: S&P
The global Sukuk issuance this year is seemingly struggling to match last year’s exceptional growth due to tougher market conditions. According to according to Standard& Poor’s (S&P) rating service, worldwide year-to-date issuance dipped 25% from last year to US$77.4 billion, as of 22 September 2013.
Singapore joins Malaysia and Thailand to introduce ASEAN CIS Framework
The Monetary Authority of Singapore (MAS), the Securities Commission of Malaysia, and Securities and Exchange Commission of Thailand have signed an agreement to facilitate the cross-border offering of collective investment schemes to retail investors in the three countries.
iShares launches new exchange-traded fund
iShares, a family of exchange-traded funds (ETFs) managed by BlackRock, has launched the iShares MSCI Japan USD Hedged UCITF ETF.
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Sterling Data Storage helps registered investment advisors meet FINRA compliance requirements
Sterling Data Storage has launched secure computer backup solutions designed to help investment professionals comply with Financial Industry Regulatory Authority (FINRA) regulations.
Threadneedle expands Asian presence through five senior hires
Threadneedle Investments has appointed Soo Nam Ng as head of Asian equities (Asia), along with four additional prominent hires adding significantly to the firms capabilities in the region.
SEC awards more than US$14 million to whistleblower
The Securities and Exchange Commission (SEC) of US has announced an award of more than US$14 million to a whistleblower whose information led to an SEC enforcement action that recovered substantial investor funds.
Wells Fargo lures US$1 billion advisory team from Morgan Stanley
Wells Fargo has lured a New York based team of four financial advisors from Morgan Stanley-Alpert Group that managed more than US$1 billion in client assets.
John Hancock completes acquisition of Symetra Investment Services
John Hancock, a unit of Manulife Financial, has completed the acquisition of Symetra Investment Services from Symetra Financial Corporation (SYA).