All articles by Verdict Staff
Verdict Staff
Scotia Private Client Group launches Scotia Long Short Equity Fund
Scotia Private Client Group has launched Scotia Long Short Equity Fund, the first alternative investment solution available through its Private Investment Counsel.
Dexia terminates deal to sell asset management arm to Hong Kongs GCS Capital
Franco-Belgian banking group Dexia has announced the termination of the share purchase agreement with Hong Kong-based GCS Capital relating to the sale of its asset management unit, Dexia Asset Management.
Liechtenstein bank LLB to pay US$23.8 million to settle tax dispute with US
Liechtensteinische Landesbank (LLB), based in Vaduz, has agreed to pay US$23.8 million to US authorities in a deal that allowed it to avoid criminal prosecution for helping Americans dodge taxes on millions of dollars held in offshore accounts.
Morgan Stanley to pay New Jersey US$100,000 for unsuitable ETF sales
Morgan Stanley has agreed to pay US$100,000 to the New Jersey Bureau of Securities for violating state securities laws and regulations by selling non-traditional Exchange-Traded Funds (ETFs) to investors.
Brewin Dolphin’s total income up 14%
UK-based wealth management firm Brewin Dolphin has reported a total income of £73.3 million (US$111.5 million) for the quarter ended 30 June 2013, an increase 14% compared to £64.5 million (US$98.2 million) for the same period last year.
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Standard Bank appoints new head of risk
Standard Bank has appointed Jonathan Peake as the new head of risk to develop and maintain a risk management framework for the groups offshore operations across three jurisdictions in Jersey, the Isle of Man and Mauritius.
Switzerland and Australia sign new double taxation agreement
Switzerland and Australia have signed a new double taxation agreement (DTA) in the area of taxes on income.
Private schooling slipping out of reach of top 1% of earners
The cost of private schooling is slipping out of the reach of many of the top 1% of earners as fee inflation outpaces incomes by a factor of 10, according to research by Fleming Family & Partners Wealth Planning, an international wealth manager.
Range-bound volatility forcing buy-side options traders to be more precise: Study
Range-bound volatility creates challenging market conditions for US options traders, forcing them into a more aggressive stance in a search for returns, according to TABB Group in its seventh annual benchmark options trading study.
Aviva Investors poaches Co-operative Asset Management executive
Aviva Investors has named Abigail Herron, a Co-operative Asset Management executive, as head of engagement in its global responsible investment team.