All articles by Verdict Staff
Verdict Staff
Nikko AM appoints new executive vice chairman
Nikko Asset Management (Nikko AM) has appointed Hideo Abe to the newly created role of executive vice chairman, effective from 1 October 2013.
SEC charges former president of California-based investment firm with fraud
The US Securities and Exchange Commission (SEC) has charged the former president of a purported private equity real estate firm based in San Bernardino, California, with defrauding nearly 500 investors who purchased promissory notes under the false premise that they were secured by specific properties or other collateral.
KBC Group to sell its German wealth unit
Belgian financial services firm KBC Group has agreed to sell its German unit KBC Deutschland to a group of investors, as part of its commitment to the EU regulators of divesting some assets for having received state aid during the global financial crisis.
Americans confident about retirement but financial readiness remains stagnant: Ameriprise
Two in five (42%) Americans report feeling on track for retirement significantly more than those who felt this way last year (only 37%), and in any other year since the index began in 2010, according to the New Retirement Mindscape 2013 City Pulseindex, an annual retirement readiness index released by Ameriprise Financial.
RBC Global Asset Management announces changes to RBC Private Pools
RBC Global Asset Management (RBC GAM) has announced changes to RBC Private Canadian Value Equity Pool and RBC Private Canadian Growth and Income Equity Pool.
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Close Brothers’ asset management arm swings to profit post restructuring
Close Brothers’ asset management arm has reported adjusted operating profit of £4 million for the year ended 31 July 2013 following a restructure, compared to loss of £4.3 million a year ago.
Fidelity appoints ex-BlackRock manager for China focused fund
Fidelity has appointed former BlackRock fund manager Jing Ning as manager of its US$3.5 billion Fidelity China Focus fund.
River and Mercantile, Fidante Partners enter into long-term strategic alliance
River and Mercantile Asset Management (R&M), a UK-based fund manager, has entered into a long-term strategic alliance with Fidante Partners, the multi-boutique division of Challenger.
Falcon appoints private banking head in Abu Dhabi
Swiss wealth management boutique Falcon Private Bank has appointed Annette Hoiness as head of private banking Abu Dhabi at the banks representative office.
New investments from US private real estate fund sector reach pre-crisis levels: Preqin report
The equity invested by closed-end private real estate funds in new opportunities in the US reached US$67 billion in 2012, almost the same amount as the peak in 2007, when US$68 billion was invested, according to a new Preqin report.