All articles by Verdict Staff
Verdict Staff
Irish department of finance transposes AIFMD into national law
The Irish department of finance has transposed the Alternative Investment Fund Managers Directive (AIFMD) into national law.
IBM enters into strategic partnership with UniCredit to deliver new services
IBM has entered into a multi-billion dollar, 10-year agreement to transform the IT infrastructure that supports all of UniCredit’s commercial and private banking activities in Europe.
Morgan Stanley targets investors with FTSE 100 structured product
Morgan Stanley has launched a six-year structured product aiming to provide investors with an income of up to 7% per annum.
SFC, HKMA reach agreement with RBS on Lehman Brothers-related equity-linked notes
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have reached an agreement with RBS N.V., formerly known as ABN AMRO Bank N.V, in relation to the sale of Lehman Brothers-related equity-linked notes (LB-ELNs) to retail clients between July 2007 and May 2008.
Brewin reviews client portfolios with less than £50k
UK based discretionary fund manager (DFM) Brewin Dolphin is reviewing the services it offers clients with portfolios worth less than £50,000.
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Raymond James selects Hearsay Social to enhance advisors social media activities
Raymond James Financial has partnered with Hearsay Social, a provider of social sales platforms, to support its advisors grow their businesses through the use of social media.
Waukesha State Bank rebrands wealth management business
Waukesha State Bank has re-branded its wealth management services division as Prairie Financial Group and named Kristin Reilly as president of the division.
Horizon Cash Management appoints new credit analyst
Horizon Cash Management, an investment advisor specializing in active cash management solutions for the alternative investment industry, has appointed Matthew Boice as the new vice president and credit analyst.
Indonesian billionaire cashes in $43.4m of shares
Djoko Sutanto, founder and CEO of Sumber Alfaria Trijaya Tbk, an Indonesian food product retailer, has sold 71.7 million shares, representing a 1.9% stake in the company. The shares were sold on 27 June 2013 at an approximate price of IDR5,997.21 (US$0.605) per share, for gross proceeds of IDR430,000 million ($43.4m).
Deutsche Borse, Liquidnet partner to improve block trading of German equities
Deutsche Börse has partnered with Liquidnet, a US based institutional trading network, to launch a new block trading service on Xetra MidPoint on 29 July 2013, with the latter acting as the block agent for the new service.