All articles by Verdict Staff

Verdict Staff

Thoma Bravo to acquire Intuit’s Financial Services division

Thoma Bravo, a private equity investment firm, has agreed to acquire Intuit’s Financial Services division, or IFS, for a cash consideration of approximately US$1.025 billion.

ESMA approves Spread Research as a credit rating agency

The European Securities and Markets Authority (ESMA) has formally approved the registration of Spread Research SAS, based in France, as a credit rating agency (CRA) under Article 16 of the CRA Regulation. The registration takes effect from 1 July 2013.

Australian dollar appreciated significantly against US dollar during 2010, 2011

Australian dollar appreciated significantly against US dollar during 2010, 2011

Stifel acquires Knight’s Institutional Fixed Income brokerage business

Stifel Financial Corp. has completed the acquisition of the U.S. institutional fixed income sales and trading business and the hiring of the European institutional fixed income sales and trading team from Knight Capital Group, Inc.

Canyon Catalyst Fund forms joint venture with Paragon Commercial Group

The Canyon Catalyst Fund has entered into a joint venture with US-based Paragon Commercial Group.

Platforms will need £40 billion in AUM to break even – Deloitte

Platforms will need to have at least £40 billion of assets under management (AUM) to break even as margins decline, according to Deloitte.

The Family Wealth Alliance’s security study finds gaps at family offices

Sustainability issues for private families, data loss due to computer failure, and fraud or other loss related to transfer of client funds are top non-investment risks to private families and the firms that serve them, according to The Family Wealth Alliance’s inaugural security study.

Ernst & Young rebrands as ‘EY’ under new global chairman

Consulting firm Ernst & Young has adopted the abbreviated ‘EY’ as its new name as Mark Weinberger took the reins as CEO and global chairman of the firm.

Miton Group acquires PSigma Asset Management

British fund manager Miton Group has acquired PSigma Asset Management from Punter Southall Group for up to £13 million.

GLG makes new appointment to its Macro and Relative Value team

GLG, the discretionary investment manager business of Man Group plc, has appointed James Ind to its Macro and Relative Value team.