All articles by Verdict Staff
Verdict Staff
Cazenoves European head of equities quits
Cazenove Capital Mangements (CCM) head of pan-European equities, Chris Rice, is leaving the firm in July 2013, after more than 10 years with the company.
Moore Stephens Jersey acquires investment analysis firm Evolution Consulting
Moore Stephens Financial Management (MSFM) has acquired Jersey-based investment consultancy firm Evolution Consulting to provide its clients with a wider range of services.
Mirabaud hires global equities head
Mirabaud Asset Management has hired Anu Narula in London to lead the global equity team.
Australians holding offshore accounts in tax havens to face probes
According to Fairfax Media, more than 500 Australians who are prominent players in politics, industry, philanthropy, real estate and law, will face scrutiny, and potentially investigations, as part of a global investigation into the use of offshore tax havens.
Polar Capital annual pre-tax profit surges 59%
British fund manager Polar Capital has reported pre-tax profit of £15.3 million (US$24.05 million) for the year ended 31 March 2013, up 59.37% from £9.6 million (US$15.08 million) reported a year ago.
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Is it do or die time for the Swiss IAM segment?
Switzerland’s independent asset management (IAM) sector grew significantly from the mid-1980s through to the mid-2000s. At year-end 2011, up to 3,600 firms managed total client assets of up to CHF650 billion (12.3% of the Swiss total of CHF5.3 trillion).
UBS charging clients fees for financial plans
In another sign that the wire houses are shifting from transactional business to more-comprehensive financial planning, UBS is charging fees for the financial plans that its advisers draft for clients.
Chase de Vere drops hiring targets: report
After failing to raise its overall number of advisers last year, British financial advisory firm Chase de Vere had dropped its recruitment targets citing ‘low quality’ manpower.
MAS censures 20 banks, proposes regulatory framework for financial benchmarks
The Monetary Authority of Singapore (MAS) has proposed a regulatory framework for financial benchmarks, aiming to enhance the integrity of the processes for setting these financial benchmarks.
SEC hires associate regional director for enforcement in New York Office
The Securities and Exchange Commission (SEC) has promoted Amelia A. Cottrell to associate regional director for enforcement in the agency’s New York regional office.