All articles by Verdict Staff
Verdict Staff
Purpose Investments concludes acquisition of Redwood Asset Management
Purpose Investments, a provider of ETFs, mutual funds and closed end funds, has wrapped up the acquisition of Toronto-based Redwood Asset Management.
Optimism among financial firms continue to fall amidst uncertainties caused by Brexit
Optimism among financial services firms fell for a third consecutive quarter in the three months to September, in the face of lower interest rates and the uncertainty caused by Britains vote to quit the European Union, according to a survey by CBI/PwC Financial Services.
UK government partners with startups to launch cyber security accelerator
The UK governments Department for Culture, Media and Sport (DCMS) has joined forces with UKs cyber security agency GCHQ and the nations leading tech start-ups to launch a start-up accelerator to develop new technologies for combating cyber attacks.
Intertrust closes acquisition of rival Elian
Dutch trust operator Intertrust has completed the acquisition of Jersey-based Elian Group from private equity firm Electra Partners.
IRESS to buy Australian superannuation software provider Financial Synergy
IRESS has agreed to acquire Financial Synergy, a privately-owned Australian firm offering fund administration software to the superannuation and wealth management industries, for a cash consideration of up to AUD90m ($68.5m).
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Hennessy Advisors closes acquisition of The Westport Funds
Hennessy Advisors has wrapped up the acquisition of The Westport Funds, which has about $440m in assets.
Barclays appoints new chief for its international wealth unit
Barclays has appointed Karen Frank as the new head of its international wealth business, effective 1 October 2016.
Market shifts will drive massive wealth creation by 2021: Study
Technological, economic, and demographic shifts will transform the wealth management industry by 2021, according to research report released by thought leadership firm Roubini ThoughtLab.
ICIJ’s Bahamas leaks reveal politicians’ offshore links
The International Consortium of Investigative Journalists (ICIJ)- the same group which leaked the Panama Papers has released a cache of 1.3 million files concerning more than 175,000 companies registered in the Bahamas.
Credit Agricole secures government nod to set up Islamic bank in Morocco
The government of Morocco has given the go-ahead to Credit Agricole for setting up an Islamic banking subsidiary in the country.