All articles by Verdict Staff
Verdict Staff
Kuwait-Malaysia JV to develop Islamic finance training
Malaysia’s Islamic finance university and the research arm of Kuwait Finance House have partnered to develop training and internship programmes to address a growing demand for professionals with Islamic finance knowledge, reported Reuters.
Britain’s lawmakers recommend jailing bankers for ‘reckless misconduct’
Britain should bring a new law to jail bankers for ‘reckless misconduct’ and force bankers to wait up to 10 years to receive their bonuses, a report on banking commissioned by the government has recommended.
Guernsey delegation reinforces private client offering on US visit
A delegation from Guernsey has showcased Guernseys private client and wealth management offering to clients in the US.
Franklin Templeton acquires remaining 80% stake of Pelagos Capital
Franklin Resources, which operates as Franklin Templeton Investments, has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management, to become a 100% equity stakeholder.
CBA launches new ‘super’ product targeting Gen Y customers
Commonwealth Bank of Australia (CBA) has launched a low-cost MySuper-compliant life-stage superannuation product, Essential Super, targeting young Australians, as well as retirees and small business owners.
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Swiss lower house rejects potential tax deal with US
Switzerland’s lower house of parliament has stalled the progress on a tax-evasion bill that would allow the country’s banks to share data with the US government.
Kaiser Partner’s private bank’s net profit rises by 5% in 2012 financial year
Switzerland-headquartered family owned wealth management group Kaiser Partner’s private bank increased its net profit by 5% to CHF2.41 million in the 2012 financial year, compared to the corresponding year before period.
Janney hires team of advisers from Morgan Stanley
Philadelphia-based brokerage Janney Montgomery Scott has hired a team of advisers from Morgan Stanley Wealth Management to join its private client group in Maryland.
US target-date fund assets reach US$503 billion in 2012 study
According to the study conducted by data provider BrightScope, target-date funds experienced a 20% growth in assets to US$503 billion, during 2011, as more companies encouraged employees to funnel money into these all-in-one retirement vehicles.
Investors retreat from emerging markets, Japan, and return to Europe: BofA Merill Lynch survey
Investors are making a return to Europe as they retreat from emerging market and Japanese equities, according to a new fund manager survey for June from BofA Merrill Lynch.