All articles by Verdict Staff
Verdict Staff
SIFMA calls for review of SRO structure
SIFMA has sent a letter to the Securities and Exchange Commission to request a review of the regulatory structure of broker-dealers, exchanges, and the self-regulatory model.
RBS wealth division reports lower half year profits
RBS’ wealth division posted a 5.5% fall in operating profits year- on- year, the bank reported today. The wealth arm, which includes Coutts, reported an operating profit of £119m($180m) for the half year to 30 June 2013 compared to £126m for the same period in 2012.
SEC deputy chief economist to leave
The US Securities and Exchange Commissions (SEC) deputy chief economist and deputy director of the division of economic and risk analysis, Kathleen Weiss Hanley is leaving the agency later this month.
iShares poaches Barclays Wealth’s EMEA product head
BlackRock’s ETF platform iShares has appointed Tom Fekete, a former Barclays Wealth executive, as head of product development in Europe, Middle East and Africa (EMEA).
Law firm ILH Group forays into Australian wealth market with two acquisitions
Australian law firm ILH Group has expanded into the countrys wealth management space by acquiring corporate advisory and wealth management firm Capricorn Investment Partners (CIPL) and financial planning firm The Pentad Group.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
JP Morgan Asset Management appoints new portfolio manager
JP Morgan Asset Management has appointed Nicholas Roberts, a former North Investment Partners executive, as a portfolio manager on its Fusion fund of funds range.
HSBC hires new Latin America equity sales head
HSBC has appointed Ricardo Lanfranchi as head of local equity sales for Latin America.
Old Mutual to merge away Old Mutual UK Strategic Best Ideas fund
Old Mutual Global Investors (OMGI) is to merge away Lee Freeman-Shors £31.1m UK Strategic Best Ideas fund into Simon Murphys UK Opportunities fund.
Former Santander private banker launches wealth management firm in UK
Manuel Cabrejas, a former Santander private banker, has launched a specialist wealth management firm Mamucium Capital Management in the UK.
Axa Wealth shows strong growth in first half of 2013
Overall sales at AXA Wealth were up 68% to £2.5 billion reflecting a strong first half year for the business, which developed a tailored approach for each of its core business areas in the lead up to the RDR. AXA’s wealth management division has announced half yearly increases in the assets under management (AuM) of 17.6% across its platforms as part of its quarterly report.