All articles by Verdict Staff
Verdict Staff
Asia-Pacific’s HNWI wealth expected to reach US$15.9 trillion by 2015: Capgemini and RBC report
The population and wealth of Asia-Pacific’s high net worth individuals increased at double and triple the rates of HNWIs in the rest of the world over the last five years, according to the Asia-Pacific Wealth Report 2013 (APWR), published by Capgemini and RBC Wealth Management.
Macquarie bolsters portfolio solutions group with new hires
Macquarie Securities, the institutional equities arm of Macquarie Group has appointed Fred Fogg and Lance Vegna as co-heads of portfolio solutions group in its New York office.
Beverly Hills Wealth Management acquires McComsey Asset Management
Beverly Hills Wealth Management (BHWM) has launched an internal asset management division with the acquisition of McComsey Asset Management, a small money manager with $29 million in assets, to help attract a greater number of breakaway brokers.
Nikko Asset Management appoints new compliance head
Nikko Asset Management (Nikko AM) has appointed Mitsuaki Hasegawa as its chief compliance officer, effective 7 October 2013.
Barclays to exit 130 wealth markets by 2016
Barclays is set to cease offering wealth management services in nearly 130 countries by 2016 and slash jobs to boost the units profitability.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
UK’s FCA fines ICAP Europe £14 million over Libor rigging
The Financial Conduct Authority (FCA) of UK has fined ICAP Europe (IEL) £14 million for misconduct relating to the London Interbank Offered Rate (Libor).
Australian Council of Superannuation Investors appoints new CEO
The Australian Council of Superannuation Investors (ACSI) has appointed Gordon Hagart as its new CEO, replacing Ann Byrne, who retires at the end of October after a spell of five years at the firm.
Brownstone Investment opens third San Francisco office
Brownstone Investment Group, a fixed income investment firm, has expanded its West Coast presence with the opening of third office in San Francisco to meet rising regional demand.
Credit Suisse to cut jobs in equities business
Swiss bank Credit Suisse is reportedly planning to cut jobs at the Europe, Middle East and Africa equities business.
Goldman Sachs Asset Management to buy DeAWMs stable value business
Goldman Sachs Asset Management (GSAM) has agreed to acquire Deutsche Asset & Wealth Managements (DeAWM) stable value business, which has total assets under supervision of US$21.6 billion as of 30 June 2013.