All articles by Verdict Staff
Verdict Staff
Intesa Sanpaolo’s asset management division receives approval to expand in China
Eurizon Capital, the asset-management division of Italy’s Intesa Sanpaolo, has received the status of Qualified Foreign Institutional Investor (QFII) from Chinese regulator.
MPS adds Pimco’s funds to its offering
Monte Paschi di Siena (MPS) has added Pimco’s 45 funds to its adviser and private banker offering, according to a report published by Investment Europe.
Cayman Islands prepared to commit to the convention on tax matters
The Cayman Islands Government has reported that it is prepared to commit to the Convention on Mutual Administrative Assistance in Tax Matters, an OECD/Council of Europe multilateral agreement.
Europe beat US in long-term mutual funds sales in 2012: Lipper data
The European mutual fund industry attracted EUR212.2 billion in 2012, compared to EUR175.1 billion of inflows into US mutual funds despite the relatively smaller size of the two markets, according to data provided by Lipper.
Law firm Walkers expands with new partners across global network
A number of lawyers across the global network of Cayman Islands-based law firm, Walkers, have been promoted to the role of partners, as the firm expands further in key markets to support the requirements of its clients.
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Deutsche Bank opens 200-tonne capacity gold storage vault in Singapore
Deutsche Bank has opened a gold-storage vault in Singapore that can hold up to 200 tonnes of metal- worth about US$9 billion at current prices.
Canada-based Mawer Investment Management to open new Singapore office
Canada-based Mawer Investment Management is expanding its global presence to include a location in Singapore as of August 2013.
SBI MF agrees to acquire schemes of Daiwa MF
SBI Mutual Fund (SBI MF) has agreed to buy all of the existing India domiciled fund schemes of Daiwa Mutual Fund (Daiwa MF).
Britons to save GBP200million on penalties over FCA changes
Britons in the UK are expected to be saved from penalties that come up when banks impose a charge for automatic payments that cannot be processed, due to impending changes from the Financial Conduct Authority (FCA).
Institutional investors confident about risk management despite anticipating challenges: Natixis study
Institutional investors around the globe believe they have a better handle on risk, but most worry about the challenges of rising volatility, inflation and low yields, according to a study by Natixis Global Asset Management (NGAM).