All articles by Verdict Staff
Verdict Staff
Kleinwort Benson expands private wealth management team
Kleinwort Benson has expanded its private wealth management team with the appointment of Joakim Gasslander as senior private banker, who will be based in London.
Flexible Plan Investments launches the quantified funds family
Flexible Plan Investment, one of the money managers in the National Association of Active Investment Managers and one of its founding members, has launched the Quantified Funds family, which consists of the Quantified All Cap Equity Fund (QACFX), Quantified Alternative Investment Fund (QALTX), Quantified Managed Bond Fund (QBDSX), and Quantified Market Leaders Fund (QMLFX).
AIG to terminate swap agreement with Brookfield Asset Management
American International Group (AIG) has agreed to the consensual termination of an interest rate swap agreement with Brookfield Asset Management, in exchange for the payment from Brookfield to AIG of US$905 million.
Advisers in Hong Kong uncertain on regulatory changes: Skandia Research
According to research from Skandia International, the offshore business of Old Mutual Wealth, advisers in Hong Kong are feeling uncertain about how the regulatory changes will impact their customers and their businesses. By comparison, advisers in Singapore seem a lot more certain and more positive.
Saudi British Bank to issue riyal-denominated sukuk to boost capital position
Saudi British Bank (SABB), an affiliate of HSBC, aims to sell an Islamic bond, or or sukuk, before the end of 2013 to boost its capital base.
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NexGen Financial Limited Partnership adds to its mutual fund line-up
NexGen Financial Limited Partnership has launched the NexGen Canadian Preferred Share Funds (the Preferred Funds) and the NexGen Global Equity Funds (the Global Funds). J. Zechner Associates and Toron AMI International Asset Management (Toron AMI) will act as the sub-advisors of the Preferred Funds and Global Funds, respectively.
SEC Charges Indiana resident with conducting Ponzi scheme
The US Securities and Exchange Commission (SEC) has charged a Noblesville, Indiana, resident and his company with defrauding investors in a Ponzi scheme that targeted retirement savings.
RBC Wealth Management appoints senior financial associate in Idaho
RBC Wealth Management has appointed Brian Post as a senior financial associate in Eagle, Idaho in the King Miller Barrios & Boe Investment Group, Idaho Business Review has reported.
AMP Capital raises US$300m for infrastructure debt fund
Australian investment manager AMP Capital has secured over US$300 million from 17 international institutional investors in Europe and Asia for its AMP Capital Infrastructure Debt Fund II (IDF II).
OppenheimerFunds expands senior floating rate offering with new fund
OppenheimerFunds has extended its senior loan investing franchise with the launch of the Oppenheimer Senior Floating Rate Plus Fund (SFR PLUS), an actively-managed fund that offers investors access to the same experienced team as the firm’s original Senior Floating Rate Fund (“SFR”).