All articles by Verdict Staff
Verdict Staff
Citi declares its depositary services AIFMD ready in key European domiciles
The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.
Financial advice market set to attract new investors: AXA Wealth study
One in five (19%) consumers intended to seek advice for the first time to ensure they have a sufficient income for retirement, according to new research from AXA Wealth.
ARGI Financial to acquire KD Fiduciary Asset Management
ARGI Financial Group, a Louisville-based wealth management firm, plans to buy another Louisville based financial firm, KD Fiduciary Asset Management.
CBA submits proposals for internationalisation of CPA, CFX funds
Commonwealth Bank of Australia (CBA) has submitted proposals to the Commonwealth Managed Investments Limited (CMIL) board in relation to separate potential internalisations of each of Commonwealth Property Office Fund (CPA) and CFS Retail Property Trust Group (CFX).
Schroders creates new sales team to serve British financial institutions
Schroders is to launch a new UK financial institutions and strategic accounts team designed to boost its relationships with financial institutions in the UK.
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Investec names co-manager for its £80.4 million diversified growth fund
Investec Asset Management has named Michael Spinks as co-manager of the £80.4 million Investec Diversified Growth fund, which has been headed up by Philip Saunders since the end of 2006.
RBC Wealth Management strengthens sales and product teams
RBC Wealth Management has strengthened its sales and product teams by appointing four new senior professionals.
SEC charges Texas man with running Bitcoin-denominated ponzi scheme
The US Securities and Exchange Commission (SEC) has charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currency traded on online exchanges for conventional currencies like the US dollar or used to purchase goods or services online.
Financial services can replace mining as Australias next major export industry ? report
Financial services can replace mining as the next major export industry for Australia, according to John Brogden, CEO of the Financial Services Council.
Former HSBC banker emerges as frontrunner for RBS CEO role
A former head of HSBC’s Hong Kong operations, Mark McCombe, has emerged as the external frontrunner for the position of RBS chief executive.