All articles by Verdict Staff
Verdict Staff
Nearly US$116 billion of private equity assets locked in zombie funds: Preqin
Researcher Preqin estimates that private equity firms are sitting on US$116 billion of assets trapped in zombie funds.
Sesame Bankhall promotes operations director to CRO
Sesame Bankhall Group (SBG) has confirmed the appointment of its operations director Julie Sadler as chief risk officer (CRO), following approval from the Financial Conduct Authority (FCA).
BNP Paribas Wealth Management makes new hires to Asia Pacific team
BNP Paribas Wealth Management has hired seven individuals to its Asia Pacific business, with four senior hires joining the China team.
Swissquote Bank expands in the Middle East with new Dubai office
Swissquote Bank MEA, a Dubai subsidiary of Swissquote Bank, has been granted a Category 4 licence from the Dubai Financial Services Authority (DFSA) and Swissquote Bank representative office licence from the UAE Central Bank.
LOIM’s Fondation Philanthropia doubles amount of grants to CHF5 million in 2012
Lombard Odier’s (LOIM) Fondation Philanthropia, created to support philanthropic activities of private donors, granted CHF5 million to approximately 50 projects in 2012, the foundation’s annual report has revealed.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GenSpring Family Offices appoints president of Florida region
GenSpring Family Offices has promoted Nikki Gokey to president of the Florida region, to oversee operations and delivery of wealth management services throughout GenSpring’s Florida footprint, including family offices in Palm Beach, Orlando, Tampa Bay, Miami and Sarasota.
SITCA advises self-control for asset managers on high yield funds
Taiwans Securities Investment Trust & Consulting Association (SITCA) has advised asset managers to be more disciplined in their pitching of high yield bond funds, reported The Liberty Times.
EU Commission adds new requirements to tax disclosure rules
The European Commission has proposed extending the requirements of the automatic exchange of information between EU member states, stressing that it will go further than FATCA in tackling tax evasion.
RBS Group CEO to leave
The board of directors of the Royal Bank of Scotland Group (RBS) has announced that Stephen Hester will be stepping down as the groups chief executive later in 2013.
Morgan Stanley raises profit target for wealth-management unit above 20%
Morgan Stanley has raised a key financial target for its wealth-management business, the group’s chairman and CEO James Gorman said in a presentation to investors. He also said restructuring the commodities business is a top priority.