All articles by Verdict Staff

Verdict Staff

Staples Rodway, Gottex Fund form new joint venture in New Zealand

Staples Rodway Asset Management and Gottex Fund Management Sarl have formed a new joint venture in New Zealand called Gottex SR Funds (GSRF).

HMRC wins £190 million tax avoidance case against NT Advisors

Britain’s HM Revenue & Customs (HMRC) has won a tax tribunal against Jersey-based NT Advisors (NTA) over a tax avoidance scheme.

Swiss banks’ US tax dispute resolution costly but necessary: Fitch

A solution of the dispute between the US authorities and several Swiss private banks, who have allegedly helped US citizens evade tax, is likely to be costly for the banks involved, however the proposal by the Swiss government to remove uncertainty for the banks in the medium term is preferable to a lengthy dispute with US authorities, according to Fitch Ratings.

Nomura names new co-head of equity index trading in Americas

Japanese investment bank Nomura has appointed Tom Jarck as managing director and co-head of equity index trading for Americas.

Santander sells 50% stake in asset management arm to private equity firms

Spanish lender Santander has agreed to sell 50% stake in its asset management arm to US private equity firms Warburg Pincus and General Atlantic.

Canaccord Genuity appoints head of portfolio management in Guernsey

Canaccord Genuity Wealth Management has promoted Chris Colclough to head of portfolio management for its team in Guernsey.

REYL Group’s AUM surges by 62% in 2012

Swiss wealth and asset manager REYL Group’s assets under management (AUM) increased by 61.8% to CHF 7.3 billion in 2012 as it attracted net new money of CHF2.3 billion.

Brookfield Asset Management appoints senior vice president of private funds group

Brookfield Asset Management has appointed Keith Smith as senior vice president, private funds group.

Morgan Stanley sues brokers for jump to Stifel

Morgan Stanley has appealed to an Idaho court to prohibit three brokers from contacting former colleagues about joining them at a Stifel Nicolaus & Co. office that has been set up in the same city.

UBS goes live globally on FXSpotStream

UBS has deployed FXSpotStream’s price aggregation service from FXSpotStream’s sites in New York, London and Tokyo and commenced client trading through it.