All articles by Verdict Staff
Verdict Staff
IFA firm Prosperity opens office in Bengaluru, India
Abu Dhabi-headquartered advisory firm Prosperity has opened an office in Bengaluru, India.
Mattioli Woods acquires Thoroughbred Wealth Management
Mattioli Woods, a UK-based provider of wealth management and pension consultancy services, has acquired the entire share capital of Thoroughbred Wealth Management (TWM) and its subsidiary Atkinson Bolton Consulting (ABC) in a deal worth £6 million.
OpenGamma and Risk Focus partner to deliver risk management solutions
OpenGamma, creators of the first open-source analytics and risk management platform for the financial services industry, has partnered with Risk Focus, a specialist consultancy delivering enterprise risk management, derivatives trading and connectivity solutions.
Hong Kongs SFC reprimands and fines A One Investment Company
The Securities and Futures Commission (SFC) has reprimanded A One Investment Company Limited (A One) and fined it $1.2 million for internal control failures relating to the unauthorized sales of client securities and the unauthorized transfers of more than $7 million in client funds held by A One to third party accounts (Note 1).
Carne Group hires new independent fund director in Cayman Islands
Carne Group, a Dublin-based provider of governance solutions to the global fund management industry, has appointed Vanessa Barrett to its team of independent fund directors in Cayman Islands.
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Philadelphia sues nine banks over LIBOR scandal
The city of Philadelphia has sued nine banks and several subsidiaries on in Pennsylvania Federal Court for financial losses incurred in the Libor interest-rate rigging scandal.
Standard Chartered Private Bank appoints Hong Kong head of fund sales
Jason Yeung has joined Standard Chartered Private Bank as head of fund sales for Hong Kong, effective immediately.
Quilter Cheviot, Rathbone partner to launch discretionary pricing comparison model
Quilter Cheviot and Rathbone Investment Management have joined forces to create a transparent pricing comparison model for calculating the total account costs of using a discretionary investment management service.
Australian economy dominated by its service sector
HNWI wealth accounts for roughly 17% of Australias total wealth
Indian securities regulator tightens disclosure norms for hedge funds
The Securities and Exchange Board of India (SEBI) has tightened disclosure norms for hedge funds and other alternative investment funds (AIFs) using complex trading strategies, especially for those leveraging investments for higher returns or borrowings.