All articles by Verdict Staff
Verdict Staff
Goldman Sachs not to exit money market funds business-report
Goldman Sachs Asset Management has absolutely no intention of stepping away from its money market business in spite of admitting concerns over profitability and regulatory action, according to a report published by the Financial Times.
India asks investors based in tax havens to share info with tax department
Companies routing investments through tax havens will find it difficult to evade taxes with the introduction of norms requiring them to sign an agreement to share banking and other information with the CBDT, according to local news agency PTI.
Fidelity revises pricing plans to meet FCAs new guidelines
Fidelity has decided to introduce a platform fee and cut the annual management charge on its range of 15 multi-asset funds for advisors investing through its FundsNetwork platform after the Financial Conduct Authority (FCA) banned a cross-subsidy deal.
Morgan Stanley launches Global Quality fund
Morgan Stanley Investment Management has launched a high quality equity fund which will focus on strong brands for one of its senior managers.
Cordea Savills moves into Japan
Cordea Savills, the international property investment manager, has formed a full service investment platform in Japan.
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Barclays to scale down presence in Gibraltar
Barclays has decided to scale down its presence and reduce its workforce in Gibraltar by the end of 2014, in the wake of a review it launched in March this year.
RBS appoints Ross McEwan as new group chief executive
The Royal Bank of Scotland Group (RBS) has appointed Ross McEwan as a director and group chief executive with effect from 1 October 2013. He joined RBS as the UK Retail CEO in September 2012.
UBS strengthens presence in Southeast Asia with new appointment
UBS has strengthened its presence in Southeast Asia with the appointment of Gan Seow Ann as vice chairman, UBS Wealth Management South East Asia and APAC Hub, effective mid- August 2013.
BNP Paribas Wealth Management India appoints new senior director for the Indian team
BNP Paribas has announced the appointment of Ravinder Singh as new senior director for BNP Paribas wealth management based in New Delhi, India.
St James’s Place poaches Canada Life executive
St James’s Place (SJP), the UK wealth manager part-owned by Lloyds Banking Group, has appointed Andy Marks, head of institutional relationships at Canada Life, to the FTSE-250-listed wealth manager’s management team in its Leeds office.