All articles by Verdict Staff
Verdict Staff
Investec hires ex-IMA chief as non-exec director
Investec Asset Management has appointed ex- Investment Management Association (IMA) chief Richard Saunders to its board as a non-executive director.
Almost half of private equity investors have exposure to private debt: Preqin
Almost half (42%) of private equity investors have exposure to private debt and this proportion is set to increase as more investors consider committing to private debt in the
future, according to research by Preqin.
Banks to tighten AML controls of digital currency usage
Following the charges of money laundering this week against digital currency company Liberty Reserve, banks need to tighten their anti-money laundering (AML) controls especially with regard to digital currency.
Property values in prime central London rise by 0.3%: Knight Frank
Property values in prime central London have risen by 0.3% month-on-month, according to Knight Franks Prime Central London Index for May.
Goldman Sachs soft-closes Next 11 Equity Portfolio
Goldman Sachs Asset Management (GSAM) has soft-closed its N-11 Equity Portfolio less than three years after launch, as assets in the strategy swelled beyond $1.7 billion, reports Investment Week.
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Banks in Australia change priorities on technology spend
Banks and fund managers are, reportedly, changing priorities and focusing on better customer-centric IT solutions to gain market share, after years of technology investment focused on developing infrastructure.
Andorra bows to EU pressure to introduce income tax for first time
Andorra is poised to introduce a tax on personal income for the first time, effectively putting an end to its status as a tax haven as it faces pressure from the its European neighbors to tackle tax evasion.
AST appointed transfer agent for NexPoint Credit Strategies
American Stock Transfer & Trust Company (AST) has been appointed as transfer agent to NexPoint Credit Strategies Fund, a closed-end fund managed by NexPoint Advisors.
Kleinwort Benson owner RHJI rejects rebel groups call to drop BHF-Bank bid
RHJ International (RHJI), the Belgium -based owner of British private bank Kleinwort Benson, has written to shareholders urging them to sit tight before an end-of-summer deadline to buy Deutsche Bank’s BHF-Bank.
UBS staff in France under investigation for aiding tax evasion
UBS staff members in France are under investigation for allegedly supporting wealthy clients in using the Swiss bank’s services to evade taxes.