All articles by Verdict Staff
Verdict Staff
OMGI launches offshore market operations in Asia
Old Mutual Global Investors (OMGI), the asset management unit of Old Mutual Wealth, is in the process of launching its brand in Asia with a vision of capturing a slice of the highly-competitive offshore funds business in the region.
Switzerland and US sign MoU for FATCA details
Switzerland and the US have signed a memorandum of understanding (MoU) in Washington on technical and administrative interpretations of the agreement on the Foreign Account Tax Compliance Act (FATCA).
ESMA and the EBA publish final principles on benchmarks
The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have published their final report setting out their Principles for Benchmark-Setting Processes in the EU.
UBS Optimus Foundation to raise CHF65 million to improve nutrition for children
UBS Optimus Foundation is partnering with government and private donors in a major new global initiative to put nutrition at the centre of the development agenda and raise CHF65 million for these efforts over the next eight years.
Standard Bank Trust IOM ceases operations
The Isle of Man regulator has reported that Standard Bank Trust Company (Isle of Man) closed its business from 31 May 2013.
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Leumi Private Bank appoints new CEO
The Board of Directors of Leumi Private Bank – formerly Bank Leumi Switzerland – have appointed Udi Zilberberg as CEO of the bank, replacing Amnon Zaidenberg, who announced his intention to leave the position after six years.
Raiffeisen appoints new chief executive officer
The supervisory board of Raiffeisen Bank International (RBI) has accepted Herbert Stepics resignation as CEO of RBI and has appointed Karl Sevelda, the board member responsible for corporate banking in the RBI Group, to take over the function of CEO with immediate effect.
IFM hires ex-Ferrovial CEO as senior adviser
Industry Funds Management (IFM) has appointed Nicolas Villen as an external Senior Adviser to its $7.1 billion Global Infrastructure Fund.
HSBC receives offer from Safra for Monaco private banking unit: reports
HSBC has received offer from Safra Group to buy the Monaco private bank the Safra family once owned, Bloomberg reported citing three unidentified sources.
UK funds popular despite outflows, says Cofunds
UK funds blossomed in May as, despite UK sectors seeing outflows, four were placed in the top 20 overall selling funds, according to figures from platform Cofunds.