All articles by Verdict Staff
Verdict Staff
ING IM International appoints BlackRock’s MD as its CEO
ING has appointed Stan Beckers as new CEO of ING Investment Management International replacing Gilbert Van Hassel.
FCA fines Sesame over GBP6 million for Keydata advice and suitability failings
Sesame Limited, part of Sesame Bankhall Group, has been fined GBP6,031,200 (US$9.2 million) by the Financial Conduct Authority (FCA) with regard to Keydata advice failings.
Appetite for fixed income products face continued shift: Pioneer Investments
Global asset management firm Pioneer Investments has reported that 75% of its year-to-date fixed income investments have flowed to high yield, emerging market debt, and flexible income products.
Standard Chartered Private Bank appoints head of investment advisory for North East
Standard Chartered Private Bank has appointed Stephen So as head of investment advisory for North East Asia, effective immediately.
Deutsche Bank sells first RMB-denominated Formosa bond in Taiwan
Deutsche Bank has completed selling its first renminbi debt offering, for a CNY1.1billion (US$179.39 million), in Taiwan by a foreign entity.
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BNY Mellon to bring private banking services to RIAs
BNY Mellon has forged an arrangement between its Pershing Advisor Solutions group and BNY Mellon Private Banking to provide registered investment advisors access to private banking services, including credit and lending solutions, serving the needs of high net worth clients.
Brazil cuts financial transactions tax on overseas investments
In an unexpected move, Brazil has cut its financial transactions tax (FTT) on overseas investments in domestic bonds from 6% to zero.
FCA reveals details of UCIS marketing ban
The Financial Conduct Authority (FCA) has published final rules to ban the promotion of Unregulated Collective Investment Schemes (UCIS) and certain close substitutes – together to be known as Non-Mainstream Pooled Investments (NMPIs) – to the vast majority of retail investors in the UK.
World’s wealthy to continue using Switzerland as offshore haven despite clampdown
The world’s wealthy will continue to trust their fortunes to Switzerland even as a clampdown on tax evasion raises questions on the country’s secrecy laws, according to a number of senior bankers.
UBS appoints distribution manager for Platform Solutions Group in Australia
Swiss bank UBS has appointed Paul Souter, former Australian Super product manager of Investments, as head of strategy and distribution of its Platform Solution Group as part of a strategy to develop its superannuation fund offering.