All articles by Verdict Staff
Verdict Staff
Goldman Sachs to offload Australian fund platform in management buyout
Goldman Sachs Asset Management (GSAM) has agreed to sell its Australian focused investment capabilities and fund platform (Company), in a management buyout backed by private equity firm TA Associates, for an undisclosed sum.
Lazard to snap up Canadian advisory firm Verus Partners
Investment banking and asset management firm Lazard has agreed to acquire Verus Partners, a Canadian independent financial advisory business.
HSBC fined for regulatory breaches in Hong Kong
Hong Kong’s securities regulator has publicly reprimanded and fined HSBC HKD2.5 for regulatory breaches and internal control failings.
SS&C Technologies to buy Wells Fargos fund administration business
SS&C Technologies Holdings has agreed to acquire Wells Fargo Global Fund Services (GFS), the fund administration business of Wells Fargo, for an undisclosed sum.
JO Hambro Capital Management hires new group CEO
JO Hambro Capital Management (JOHCM) has appointed Ken Lambden as its new group CEO, replacing Gavin Rochussen who is taking up a new role in the firm’s Australian parent BT Investment Management (BTIM).
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STM Group to take over SIPP provider London & Colonial
STM Group, a cross border financial services provider, has agreed to acquire self-invested personal pension (SIPP) provider London & Colonial Holdings for £5.4m.
European Wealth snaps up Gibraltar-based CIMCO Partners
British investment manager European Wealth has acquired CIMCO Partners Management (CPML), which manages Gibraltar-based G20 Absolute Return fund, for £750,000.
BNY Mellon names new chairman for Asia Pacific
BNY Mellon has named David Cruikshank as the new chairman for Asia Pacific, replacing Stephen Lackey who has held the role since 2011.
American Beacon to buy majority stake in Crest Investment
American Beacon Advisors has entered into an agreement with Cypress Capital Group to purchase majority stake of Crest Investment Partners for an undisclosed amount.
LJ Partnership closes Guggenheim Investment Advisors (Hong Kong) acquisition
London-based LJ Partnership has wrapped up the acquisition of Guggenheim Investment Advisors (Hong Kong), the investment advisory group of Guggenheim Partners in Hong Kong.