All articles by Verdict Staff
Verdict Staff
Fitch fires warning shot over wealth management products by mid-tier Chinese banks
Fitch Ratings has warned that wealth management products (WMPs) issued by Chinese banks remain a key source of credit and liquidity risk for smaller financial institutions.
Goldman Sachs launches its first fixed-income ETF
Goldman Sachs Asset Management (GSAM) has launched the first exchange-traded fund (ETF) to offer same-day settlement of creations and redemptions in the short-term US Treasury market.
RBC Wealth Management hires new managing director for clients operations
RBC Wealth Management has appointed its former executive John Younger as managing director of sales and relationship management.
Beeks Financial launches new connectivity solution for wealth managers
Beeks Financial Cloud, a UK-based low-latency service provider for institutional capital markets, has launched Beeks Marketplace, a cloud-based portal that enables real-time connectivity to a variety of exchanges, data feeds, trading tools and news services.
RNC Genter deploys Fiservs Asset Manager Connect
Los Angeles-based RNC Genter Capital Management has deployed Fiservs Asset Manager Connect to increase access to managed account sponsors.
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ING to compensate Australian superannuation clients for deceptive advertising
ING Bank (Australia) has agreed to pay approximately $5.38m in compensation to around 24,500 superannuation clients for misleading superannuation advertising.
Hargreaves Lansdown full-year profit up 10%; CEO to step down
British investment manager Hargreaves Lansdow has reported profit before tax of £218.9m for the year ended 30 June 2016, an increase of 10% compared to £199m a year ago.
Powerwrap introduces new separately managed account platform
Australian platform provider Powerwrap has introduced a new separately managed account (SMA) model which operates in real-time.
Barclays Wealth taps Tech Mahindra for tech upgradation
Barclays Wealth has signed a 10-year deal with Indian IT major Tech Mahindra for its technology upgradation initiative.
Raymond James completes acquisition of Deutsche Bank PCS business in US
Raymond James Financial has completed its acquisition of Deutsche Bank Wealth Managements US Private Client Services (PCS) unit, which it has rebranded to Alex. Brown.