All articles by Verdict Staff
Verdict Staff
Swiss upper chamber approves tax deal with US on tax evasion
Switzerland’s upper house of parliament has voted in favour of a bill that will allow Swiss banks to hand over information to the US authorities to settle a dispute over tax evasion.
Credo appoints managing director for wealth outsourcing solutions
Credo has appointed Charles van der Merwe as managing director for wealth outsourcing solutions, based in the London office.
RBS to cut 2,000 jobs in investment banking arm
Royal Bank of Scotland (RBS) will slash about 2,000 jobs in its investment banking division after the bank’s CEO Stephen Hester announced his resignation following five years of service in the job.
Twelve Capital to manage Falcon Private Bank ILS business
Zurich-based investment firm Twelve Capital will assume the investment management function of the insurance-linked securities (ILS) business of the Swiss wealth management boutique Falcon Private Bank.
Mirabaud Group opens new branch of Mirabaud Securities in Spain
Swiss private banking group Mirabaud has opened a branch of Mirabaud Securities in Spain.
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Calculus Capital appoints investment director
Calculus Capital has appointed Richard Moore in its investment unit as director of the team.
MSCI elevates UAE, Qatar to ’emerging-market’ status
MSCI, whose equity indexes are tracked by investors with about US$7 trillion in assets, has elevated UAE and Qatar to ’emerging-market’ status.
JP Morgan AM is set to close two underperforming funds
JP Morgan Asset Management (JPMAM) is closing two underperforming funds, including a commodities fund run by Neil Gregson which has suffered sizeable losses following the sell-off in the mining sector.
Royal Bank of Canada seeks wealth acquisitions up to C$5 billion
Royal Bank of Canada is prepared to make acquisitions valued up to C$5 billion as it seeks to expand its wealth-management unit, RBC CEO, Janice Fukakusa, said.
AIMA CEO to quit at the end of 2013
The chief executive officer of London based Alternative Investment Management Association (AIMA), a global hedge fund association, Andrew Baker, has decided to step down from the role at end of 2013.