All articles by Verdict Staff
Verdict Staff
Webster Banks wealth management unit reports 23% rise in Q2 income
Webster Bank’s wealth management division has reported an income of US$8.9 million for the second quarter ended 30 June 2013, a 23% increase compared to US$7.2 million for the same period of 2012.
F.N.B. Wealth Management expands Maryland presence
F.N.B. Wealth Management, a subsidiary of First National Bank, has announced the recent hiring of Michael DeRosa as vice president, financial advisor, for F.N.B. Wealth Management.
UK appoints BlackRock as asset specialist advisor on RBS review
BlackRock Solutions were appointed following a competitive process run by the Treasury, and will work alongside Rothschild and Slaughter & May, appointed last week as corporate finance and legal advisors respectively to the review.
LGTs ILS team awarded three mandates worth US$400 million in 2013
LGTs Insurance-Linked Strategies team (ILS) has won three mandates worth US$400 million from large European pension funds in the first half of 2013.
ITA to acquire Standard Chartered Trust (Cayman)
ITA Cayman Holdings has agreed to acquire Standard Chartered Trust (Cayman), along with their clients from Latin America.
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Piper Jaffray Companies completes acquisition of Seattle-Northwest Securities Corporation
Piper Jaffray Companies, an investment bank and asset management firm, has completed its purchase of Seattle-Northwest Securities Corporation. The transaction adds depth to Piper Jaffrays public finance franchise, and significantly strengthens its ability to serve municipal and middle-market clients across all major U.S. markets.
Thai Bourse and Asset Management firms promote Mutual Funds
The Stock Exchange of Thailand (SET) continues to invite the public to invest in mutual funds, through its cooperating with the Association of Investment Management Companies (AIMC) and leading asset management companies, in the campaign Lets Invest in Mutual Funds, which encourages Thais to more effectively manage their own finances through mutual funds. During the 10 years of collaboration, Thailands mutual fund value has more than quadrupled to THB 2.78 trillion (approx. USD 92.70 billion).
Deloitte partners with IRTI to run Islamic Finance training programs
The Deloitte Islamic Finance Knowledge Center (IFKC) has partnered with Islamic Research & Training Institute (IRTI), a member of the Islamic Development Bank (IDB) Group, to run Islamic Finance and Takaful training programs.
Highbridge Capital Management appoints CEO
Highbridge Capital Management, LLC, a global alternative investment management organization has appointed Scott Kapnick CEO of Highbridge Capital Management. Mr. Glenn Dubin will remain Chairman of the firm.
BlueBay Asset Management appoints new head of credit strategy
BlueBay Asset Management, a London-based manager of fixed income and alternative investments, has appointed sovereign debt specialist David Riley to the role of partner and head of credit strategy.