All articles by Verdict Staff
Verdict Staff
Funded status of U.S. Corporate Pensions rises to 89.5 percent in June: BNY Mellon
The funded status of the typical U.S. corporate pension plan increased 3.1 percentage points in June 2013 to 89.5 percent, the highest level since June 2011, when it was 91.4 percent, according to the BNY Mellon Investment Strategy & Solutions Group (ISSG).
Buckingham Asset Management expands to Dallas market with new acquisition
St. Louis-based Buckingham Asset Management has acquired JWA Financial Group, a Dallas-based investment services firm.
Standard Chartered strengthens equities sales trading team in Hong Kong
Standard Chartered has appointed Mike Garcia as the head of Hong Kong equities sales trading, and Jamie White as director of equities sales trading.
US judge approves HSBC’s US$1.9 billion money-laundering settlement
A federal judge has approved HSBC’s record US$1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.
H.I.G. Capital closes H.I.G. European Capital Partners II at 825 million
H.I.G. Capital has closed H.I.G. European Capital Partners II at 825 million (US$1.1 billion), which is above its initial target.
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Withers boosts partnership with eight promotions; names new global chairman
Law firm Withers has added eight associates to its partnership across five of its 10 global offices and in different practice areas.
Aviva launches new bond fund targeted at Asian market
Aviva Investors has launched the Luxembourg-domiciled High Yield Bond Fund targeted at the Asian market.
CFTC approves order to remove FOREX Asset Class from the Provisional Registration of ICE Trade Vault
The U.S. Commodity Futures Trading Commission (CFTC) has approved an order for ICE Trade Vault, LLC, a provisionally registered swap data repository, to remove the foreign exchange asset class as an asset class for which ICE Trade Vault, LLC will accept data.
Envestnet completes acquisition of Prudential Wealth Management Solutions
Envestnet, a provider of unified wealth management technology and services, has completed the acquisition of the assets of the Wealth Management Solutions (WMS) division of Prudential Investments.
Barings Asset Management appoints new CFO for Asia
Baring Asset Management, the international investment management firm, has appointed Eric Lee to the newly created role of CFO for Asia.