All articles by Verdict Staff
Verdict Staff
Capital markets unprepared for OTC derivatives central clearing: SimCorp Survey
With regulations like Dodd-Frank and EMIR aiming to increase transparency and market efficiency in over-the-counter (OTC) derivatives trading, a majority of firms may not be ready to centrally clear interest rate swaps (IRS) and credit default swaps (CDS), according to investment management solutions provider, SimCorp.
MIG Bank launches new subsidiary in Hong Kong
MIG Bank has opened a new subsidiary in Hong Kong, MIG Capital Asia Limited, which is aimed at being the lender’s hub to expand in Asia and “improve its services and support for the Asian markets”.
Brown Shipley appoints head of risk from Metro Bank
Brown Shipley has appointed Mike Hudson – Metro Bank’s former chief risk officer – as head of risk.
Twenty nine advisors to face FCA investigation for enforcement action
The Financial Conduct Authority (FCA) is investigating 29 financial advisor firms or individuals for enforcement action ranging from fraud to mis-selling.
Morgan Stanley moves banker to wealth management unit as senior relationship manager
Morgan Stanley’s long-time banker and specialist in asset management deals, David Heaton, has been moved to its wealth management business in the role of senior relationship manager.
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Private wealth in Middle East and Africa to reach US$6.5 trillion by 2017 – BCG study
Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1% to US$4.8 trillion in 2012, and if the current trends continue, wealth in the region could rise to US$ 6.5 trillion by 2017, according to a study conducted by Boston Consulting Group (BCG).
DeWAM launches municipal infrastructure revenue bond ETF and regulated utilities ETF
Deutsche Asset & Wealth Management (DeWAM) has launched the db X-trackers Municipal Infrastructure Revenue Bond Fund and the db X-trackers Regulated Utilities Fund.
Morgan Stanley hires advisors from UBS and Wells Fargo
Morgan Stanley Wealth Management has expanded its advisor force in Florida with hires from rival brokerages UBS Wealth Management Americas and Wells Fargo Advisors.
Reliance Financial completes Citigroup Trust-Delaware transaction
Privately held diversified financial services and wealth management firm, Reliance Financial Corporation, has closed its agreement to acquire 100% of the stock of Citigroup Trust, Delaware, a subsidiary of Citibank.
Business starting to accelerate in the emerging regions: Dexia AM outlook
Business is again starting to accelerate in the emerging regions, after the slowdown that started in mid-2011 following the euro-zone crisis, according to Dexia Asset Management.