All articles by Verdict Staff
Verdict Staff
Japans FSA signs cooperation agreement with EU regulators to supervise fund managers
Japans Financial Services Agency (FSA) has signed memoranda of co-operation (MoC) with national securities regulators in the EU related to the supervision of funds and fund managers conducting their business on a cross-border basis.
Bellpenny completes acquisition of Entire Wealth Management
Wealth management firm Bellpenny has completed its acquisition of Surrey-based firm Entire Wealth Management, taking Bellpennys total assets under advice to more than £950 million (US$1.46 billion).
Hong Kong’s Legislative Council proposes major amendments to trust laws
Hong Kong’s Legislative Council has proposed amendments to the outdated Hong Kong Trustee Ordinance on 17 July 2013, in a bid to boost the competitiveness of the country’s asset management industry.
Oppenheimer Asset Management names new president
Oppenheimer Asset Management (OAM) has appointed John Blau as its president. He will be based out of our New York City headquarters.
Barings appoints head of marketing, Asia ex Japan
Baring Asset Management (Barings), the international investment management firm, has appointed Anne Lui as Head of Marketing, Asia ex Japan. She is based in Hong Kong and reports to Claire Fraser, the Head of Marketing and Communications who is based in London.
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FCA hires experts to probe contentious cases report
Making use of its new power, the UK’s Financial Conduct Authority (FCA) is hiring specialists for its investigations in contentious cases and has commissioned three reports from experts in its first three months of its operations, the Financial Times has reported.
Global Short and Leveraged ETP assets reach US$51 billion: Study
Global Short and Leveraged ETP assets rose by US$6.8 billion (15%) in the first six months of 2013 to US$50.9 billion, as investors continue to increase their usage of Short and Leveraged (S&L) ETPs.
Citi establishes new depositary facility in Netherlands
Citi has established a depositary facility in the Netherlands and has appointed a new depositary head in the country.
AIFMD will reduce choice and increase costs for fund managers and investors: BNY Mellon
New research by BNY Mellon points to significant uncertainty about Alternative Investment Fund Managers Directive (AIFMD) requirements despite today’s first deadline for authorisation.
China mutual funds suffer investment losses of RMB50 billion in Q2
Mainland China mutual funds have weathered a decline on the A-share market, suffering total net investment losses of around RMB50 billion (US$7.9 billion) in the second quarter of 2013, according to a Shanghai Securities Journal report.