All articles by Verdict Staff
Verdict Staff
SEC, European regulators ink supervisory agreements for asset management industry
The US Securities and Exchange Commission (SEC) has established supervisory arrangements with financial regulators of the member states of the European Union (EU) and the European Economic Area (EEA) as part of long-term strategy to improve the oversight of certain entities in the asset management industry that operate across national borders.
Towry hires Cardiff-based IFA to widen reach in South Wales
British wealth manager Towry has hired Martin Briggs, Cardiff-based IFA, to help broaden its reach into South Wales.
UBS expects to post pre-tax operating profit of CHF1.02 billion in Q2
Swiss banking major UBS in its preliminary results has said that it is expecting to post pre-tax operating profit of approximately CHF1.02 billion (US$1.08 billion) for the second quarter of 2013.
TD Asset Management makes portfolio advisor changes
TD Asset Management (TDAM) has said that Epoch Investment Partners will assume portfolio advisor responsibilities of the TD Global Dividend Fund and TD European Growth Fund, effective 31 July 2013.
Two directors from JPMorgan Chase Board set to retire
Two directors from JPMorgan Chase & Co., David Cote and Ellen Futter, have retired from its Board of Directors. The company also said that it intends to appoint new directors to the Board later this year.
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SEC charges city of Miami with municipal bond offering fraud
The US Securities and Exchange Commission (SEC) has accused the city of Miami and its former budget director with securities fraud in connection with several municipal bond offerings and other disclosures made to investors.
UBS leads equity sales in Southeast Asia
The Swiss lender showed the highest equity sales in SEA from their UHNW clientele, dominating in key markets Philippines, Thailand and Indonesia.
Thesis AM integrates its investment platform with Avelos Adviser Office platform
Thesis Asset Management has boosted its service to advisors by integrating its investment platform with Avelo’s Adviser Office technology.
BMO Investments announces plans to terminate two mutual funds
BMO Investments, the manager of the BMO Mutual Funds, has revealed its intention to terminate BMO Sustainable Climate Class and BMO Sustainable Opportunities Class.
Julius Baer adjusted net profit up 26% in H1
Julius Baer has reported an adjusted net profit of CHF261.4 million (US$278.2 million) for the first half of 2013, an increase of nearly 26% from CHF208.1 (US$221.54 million) in the year ago period.