All articles by Verdict Staff

Old Mutual launches wealth management business in South Africa

Old Mutual South Africa’s wealth management business, which combines seven of its business units into one division has started operating in August 2013 under the name, Old Mutual Wealth.

One in seven people has no plans to retire: Baring study

Legal & General Investments unveils range of passive multi-asset funds

UK-based Legal & General Investments (LGIM) has launched a range of five multi-asset, risk-targeted funds that invest mainly in passive index trackers.

Northstar Investment Advisors appoints portfolio manager

Northstar Investment Advisors has promoted Cynthia Sack to portfolio manager.

State Street Global Advisers unveils lifestyle funds

State Street Global Advisers (SSgA), a US diversified financial service firm, has rolled out its new series of low cost lifestyle products for Australian retirees, which will assist them to meet various retirement lifestyle objectives.

SEC appoints head of Investment Adviser/Investment Company Examination Program

The US Securities and Exchange Commission (SEC) has appointed Jane Jarcho as the national associate director of the Investment Adviser/Investment Company examination program in the Office of Compliance Inspections and Examinations (OCIE).

Board of alizz islamic bank approves new financial products

Oman-based alizz islamic bank has held its first Sharia Supervisory Board meeting to review and approve the bank’s upcoming products for retail and corporate customers.

Sarasin-Alpen winds down Oman operations

Swiss private bank Sarasin-Alpen is planning to shut down its operations in Oman by the end of this month, according to Times of Oman.

BNY Mellon bolsters global collateral services team in Frankfurt

BNY Mellon has appointed Gesa Benda as new global collateral services product segment manager for clearing houses, based in Frankfurt.

Ivan Massow closes down trail commission return firm

Former IFA Ivan Massow has shut down his commission recovery business due to the escalating costs of FCA regulatory fees levies and professional indemnity (PI) insurance costs.