All articles by Verdict Staff

Verdict Staff

MainstreamBPO receives approval to act as fund administrator in Malta

MainstreamBPO, an Australian fund administrator, has secured in principle regulatory approval from the Malta Financial Services Authority (MFSA) to act as a fund administrator in Malta.

Pakistan signs multilateral tax convention to combat tax evasion

In a bid to clamp down on offshore tax dodgers, Pakistan has signed OECD’s multilateral convention on mutual administrative assistance in tax matters.

WeInvest taps eWise to improve wealth management tool in Singapore

WeInvest, a provider of digital wealth management solutions, has selected eWise Account Aggregation solution to enhance its Personal Wealth Management tool for families in Singapore.

RMB Capital acquires Colorado-based Greenwood Investment

RMB Capital, a Chicago-based financial services firm with over $5.2bn in assets under management (AUM), has purchased Greenwood Investment Management for an undisclosed amount.

JPMorgan enters fixed income ETF space

J.P. Morgan Asset Management has rolled out its first fixed income ETF , known as the JPMorgan Disciplined High Yield (JPHY).

ABN Amro CEO to step down next year

Dutch banking group ABN Amro has confirmed that Gerrit Zalm will step down from his role as CEO next year even though his contract runs until 2018.

Banca Akros taps Itiviti for testing and onboarding platforms

Banca Akros, the Milan-based investment and private banking arm of Banca Popolare di Milano Group, has selected Itiviti’s FIX Infrastructure solution to enhance efficiency, onboarding and operational service quality for its customers.

FCA seeks to ban former Barclays Wealth COO over misconduct

The Financial conduct Authority (FCA) has banned Andrew Tinney, former COO of Barclays’ wealth management division, from holding senior roles in financial services for concealing a critical report criticising the bank’s US wealth unit.

Maitland opens new office in New York

Maitland, a Malta-based advisory and fund administration firm, has opened a new office in New York to support its growing institutional clients and the demand for on-the-ground experience with global solutions.

Cetera Financial to offload Legend Group to Lincoln Investment

Cetera Financial Group, a network of independent broker-dealer firms, has agreed to sell Legend Group Holdings to Lincoln Investment Capital Holdings for an undisclosed sum.