All articles by Verdict Staff
Verdict Staff
HSBC Asset Management receives CNY800 million RQFII quota from regulator
HSBCs asset management unit in Hong Kong has received a quota of CNY800 million (US$130.75 million) to invest onshore through the Renminbi Qualified Foreign Institutional Investor scheme.
Charles Stanley hikes wealth management fees by 50%
British investment management firm Charles Stanley has increased unbundled minimum investment management fees by 50% to £600 from £400 to bring it in line with competitors in a more demanding regulatory climate.
Guinness Asset Management launches Guinness EIS 5 to invest in UK sustainable energy companies
Guinness Asset Management has launched Guinness EIS 5, a discretionary managed service that will invest in UK Sustainable Energy companies through the tax-efficient EIS structure.
Deloitte appoints director of offshore taxation compliance and advisory team
Deloitte has appointed Alison Vine as director of its offshore taxation compliance and advisory team, effective from 1 October, Business Life has reported.
Investors turn more defensive on European equities after FOMC postponed policy shift dialogue: Russell Indexes
Defensive-oriented stocks in Europe have bounced back since Federal Reserve chairman Ben Bernanke has announced the decision to continue its historic bond buying program, according to Russell Indexes.
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Majority of asset managers squeezed out by increasing regulatory compliance costs: Report
More than half (53%) of boutique asset management firms identified ‘institutionalization, including the increasing expenses related to regulatory compliance as the greatest barrier to entry in the fund management industry, according to a new report by TABB Group and SunGard.
Standard Life Wealth acquires Newton Private Clients
Standard Life Wealth has completed the acquisition of Newton Private Clients from Newton Management Limited.
UK financial regulator takes almost six months to approve firms RPC survey
Financial firms in UK wait an average of almost six months to get regulatory approval from the UK markets regulator, double the time it took five years ago, according to the data from London based law firm Reynolds Porter Chamberlain (RPC).
Misys appoints new CFO
Misys, a provider of software solutions to financial institutions, has appointed Rick Medlock to its senior management team as CFO.
Accountant linked to Bernard Madoff arrested over $65bn Ponzi scheme
Paul Konigsberg, Bernie Madoff’s longtime accountant and close friend, was arrested in New York on charges that he helped carry out the financier’s massive Ponzi scheme by falsifying account statements and trading records.