All articles by Verdict Staff
Verdict Staff
BRICS economies to set up US$100 billion fund to weather currency storms
The five BRICS nations – Brazil, Russia, India, China and South Africa – have agreed to set up a US$100 billion reserve fund to steady currency markets destabilised by an expected pullback of US monetary stimulus.
RBC announces August sales results for RBC Funds and PH&N Funds
RBC Global Asset Management has announced August net sales of $102 million. Long-term funds had net sales of $210 million and money market funds had net redemptions of $108 million.
AXA UK appoints new CFO
AXA UK has appointed Bertrand Poupart-Lafarge as the groups new CFO, replacing Jean Drouffe who will assume a leadership position in AXA France.
Raymond James hires Morgan Stanley advisor team in Maine
Raymond James Financial has hired a team of four former Morgan Stanley Wealth Management advisors in Maine, according to Reuters.
Coutts appoints new executive director of digital solutions
Coutts, the private banking arm of RBS, has appointed Robert Hemphill as executive director of digital solutions, effective immediately.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Funded status of US Corporate Pensions falls to 88.1% in August: BNY Mellon ISSG
The funded status of typical US corporate pension plans fell 0.1 percentage points to 88.1 percent in August, according to the BNY Mellon Investment Strategy & Solutions Group (ISSG).
Lamb Financial Planning merges with Abacus Wealth Partners
Lamb Financial Planning, a financial planning firm based in California, has merged with Abacus Wealth Partners, which provides wealth management services in California and across the US.
Attivo Group acquires Valiant Financial Consultants
Attivo Group, a UK-based wealth management firm, has acquired the client book of Kent-based Valiant Financial Consultants, according to FTAdviser.
Red Rock Strategic Partners launches new business unit
US-based Red Rock Strategic Partners has launched a new business unit named as Red Rock Advisory Group.
Fidelity names new lead manager on $1.6 billion India equity fund
Fidelity International has named Tim Orchard as the new lead manager on its US$1.6 billion India equity fund, effective from 1 September.