All articles by Verdict Staff
Verdict Staff
LLB Switzerland to sell Lugano branch to PKB Privatbank
The Liechtensteinische Landesbank Group (LLB Group) and PKB Privatbank SA have signed an agreement regarding the sale of the Lugano branch of LLB Switzerland.
Barclays appoints new heads for asset allocation research and equity strategy
Barclays has appointed Jim McCormick as head of asset allocation research and Ian Scott as head of equity strategy.
More trillion-dollar money managers as industry consolidates: Cerulli report
The 50 largest asset managers account for more than US$38 trillion in assets under management as at the end of 2012, a full US$4 trillion more than the year before, even as the biggest firms in the industry continue to enlarge.
Edmond de Rothschild overhauls asset management division as it targets 20 billion growth
The Swiss asset manager Edmond de Rothschild will add to its domestically registered Luxembourg fund range and is looking to add 20 billion of assets over the next three years after strategic review.
PNC Financial appoints wealth unit head for or Western Carolina
The PNC Financial Services Group has hired Jennifer Green as head wealth management division for Western Carolina.
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CFTC fines Macquarie US unit for client money error
The US Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Macquarie Futures USA, a New York-based registered Futures Commission Merchant (FCM), for failing to maintain adequate funds in secured accounts.
ISITC Europe launches new FATCA working group
ISITC Europe, the industry group which improves the operational efficiency of the global financial industry, has launched its latest working group, covering the operational impact of the US FATCA legislation on European financial institutions.
Estancia Capital acquires minority stake in Equinoxe Alternative Investment
Estancia Capital Partners, an Arizona-based private equity fund, has acquired a minority interest in Bermuda based Equinoxe Alternative Investment Services, joining XL Group as a strategic investor in the firm.
Genworth Financial completes sale of wealth management business
US-based Genworth Financial has closed the sale of its wealth management business to a partnership of Aquiline Capital Partners and Genstar Capital.
ESMA advises commission on equivalence of non-European derivatives rules
The European Securities and Market Authority (ESMA) has published its advice to the European Commission on the equivalence of the regulatory regimes for OTC derivatives clearing, central counterparties (CCPs), and trade repositories (TR) of non-EU countries with the European Markets Infrastructure Regulation (EMIR).