All articles by Verdict Staff
Verdict Staff
Japanese asset management industry opening up to outsourcing: State Street report
Japanese asset management industry is beginning to embrace the global trend amongst financial institutions toward increased outsourcing of non-core operational back- and middle-office functions, according to a State Street report.
Former RBC Wealth Management’s head of investments rejoins JP Morgan
Former head of investments at the Royal Bank of Canada’s Wealth Management unit, Tracy Maeter, is returning to JP Morgan as its inaugural head of investments for private clients in the UK.
SAC Capital braces for outside investors to redeem US$3.5 billion
SAC Capital Advisors, the hedge fund owned by billionaire Steven A. Cohen, is bracing for approximately US$3.5 billion in redemption from outside investors as a probe into insider trading of the US$15 billion fund intensifies, the Wall Street Journal has reported.
Signia Wealth appoints London 2012 CEO to its board
Signia Wealth has appointed Sir Keith Mills, founder of Air Miles and international president and CEO of London 2012, to its board as advisory member.
Julius Baer and Kairos Investment Management launch combined unit
Swiss lender Julius Baer and Milan-based wealth manager Kairos Investment Management (Kairos) have launched a combined unit in Italy that has begun operating under the name Kairos Julius Baer SIM SpA as of 1 June 2013.
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HMRC finalises guidance note on FATCA
HMRC has finalised its 145-page final guidance notes on the Foreign Account Tax Compliance Act (FATCA) following consultation with stakeholders such as the Investment Management Association.
Sprott launches JV with CITIC Private Equity
Sprott has entered into a joint venture agreement with CITIC Private Equity Hong Kong (CITICPE HK) with the objective of setting up an offshore global resource fund.
Citi appointed as custodian by Dimensional
Citi’s Securities and Fund Services has been deployed as back office provider to the Australian funds of global funds manager, Dimensional.
Bermuda approved as AIFMD signatory
Bermuda has been approved as a signatory for the cooperation agreement with EU member states in relation to the Alternative Investment Fund Managers Directive (AIFMD).
Mirae Asset appoints chief marketing officer
Mirae Asset Global Investments (Mirae Asset), Hong Kong, has appointed Ashley Dale as chief marketing officer to oversee the growth and development of its sales and marketing operations in Asia Pacific, Europe and the Middle East.