All articles by Verdict Staff
Verdict Staff
Sarasin & Partners hires head of retail
Sarasin & Partners has expanded its UK retail distribution team to 7 people. Robert Thorpe will join the firm as Head of Retail; in addition Tom Hanafin and Paul Pugh will join as Regional Sales Managers.
7IM enhances platform pricing to comply with FCA rules
Seven Investment Management (7IM) has enhanced its platform pricing structure following the Financial Conduct Authoritys (FCA) proposed ban on fund groups cross subsidising their platform propositions.
SEC harmonisation of rules escalate compliance costs for RIAs: Schwab study
The harmonisation of rules by the US Securities and Exchange Commission (SEC) for broker-dealers and RIAs on average could more than double compliance costs for RIAs in the first year of implementation while providing very little positive benefit to their clients, according to a Schwab Advisor Services survey.
Citi launches series of emerging markets government bond indices
Citi has added a suite of emerging markets indices to its fixed income index family.
Premier Asset Management appoints new UK equity business head
Premier Asset Management has promoted Chris White as the new head for the UK equity business.
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Swiss Court approves transfer of Credit Suisse client data to US
Switzerlands Supreme Court has ruled that the government can transfer the bank records of an American client of Credit Suisse to the US tax authorities, giving a boost to the countrys efforts to end US investigations of Swiss banks.
Weak demand forces Deutsche to close 36 ETPs
Deutsche Asset & Wealth Management is set to close 36 exchange-traded products (ETPs) following a review of its db X line-up.
Ashcourt Rowan launches new office in Exeter
Wealth management group Ashcourt Rowan has strengthened its presence in south-west England by launching a new office in Exeter.
HSBC announces senior management appointments
HSBC has made several senior management changes including the appointment of Peter Boyles, chief executive of global private banking, as the new group managing director, effective 1 October 2013.
DVK Group, Qatari royal plan new US$500 million fund for women
DVK Group, a UK-based commodity trading and finance investment company, is set to form a partnership with a Qatari royal to start a new Shariah-compliant US$500 million investment fund for the women, reports Arabian Business.