All articles by Verdict Staff
Verdict Staff
Ex-JP Morgan trader arrested in Spain over ‘London Whale’ losses
Spanish police has arrested the former JPMorgan manager Javier Martin-Artajo in Madrid, who was charged by US prosecutors with attempting to conceal losses and falsify records relating to the London Whale scandal.
China joins international efforts to end tax evasion
China has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters at a ceremony at the OECD.
Morgan Stanley recruits advisor teams from rival firms
Morgan Stanley Wealth Management has recruited several large advisor teams from rival firms, including JP Morgan Chase, UBS and HSBC.
Estancia acquires minority stake in Sustainable Growth Advisers
Estancia Capital Partners, a Arizona-based private equity fund, has acquired a minority non controlling interest in Stamford based Sustainable Growth Advisers (SGA), a boutique traditional equity manager.
Pension funds increasing alternative asset allocations: Towers Watson study
Pension fund alternative assets allocations now account for nearly 20% of all pension fund assets across the globe, according to a study by Towers Watson. The 2012 Global Alternative Survey notes the number as a 5% increase from 15 years ago.
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Nikko AM appoints new group marketing and communications head
Nikko Asset Management (Nikko AM) is planning to appoint David Collins to the newly created role of head of group marketing and communications.
ABN AMRO’s private banking profit surges in H1
ABN AMRO private banking division has reported a profit of 85 million for the first half of 2013, a 33% increase compared to 64 million in year ago period.
Aquiline Capital Partners invests in Tourmalet Advisors
New York-based private equity firm Aquiline Capital Partners has made an investment in Aquiline Capital Partners.
ClearView’s annual profit sinks 92%
Australia-based ClearView Wealth has a net profit after tax (NPAT) of A$1.9 million for the year ended 30 June 2013, a decline of 92% compared to A$22.3 million in the year ago period.
Xpress Super adds direct property option to SMSF investment platform
Investment firm Xpress Super has added direct property option to its self-managed superannuation fund (SMSF) platform.