All articles by Verdict Staff
Verdict Staff
BLME opens representative office in Dubai
Bank of London and The Middle East plc (BLME) has opened its representative office in the Dubai International Financial Centre (DIFC).
Citigroup names new private banking CEO
Citigroup has appointed Mark Mason as new chief executive of its private bank business replacing Jane Fraser, who has been named new head of the banks mortgage business.
FUIB announces changes in the Management Board
The Supervisory Board of First Ukrainian International Bank has resolved to terminate the appointment of Yelena Dyatlova, Deputy Chairman, member of the Management Board, due to dissolution of her contract by mutual agreement of the parties (Minutes No.192 dd. 18.05.2013).
European pension funds continue to cut equity allocations: Mercer
European pension funds have continued to cut equity allocations over the past year with UK institutional investors leading the migration, according to Mercer’s latest survey.
BNY Mellon signs T2S framework agreement with Eurosystem
BNY Mellon, an investment management and investment services firm, has signed a framework agreement with the Eurosystem to allow it to outsource settlement to the T2S settlement platform, which is set to go live in 2015.
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Hong Kong’s Securities And Futures Commission suspends Lam Ka Wo for three years
The Securities and Futures Commission (SFC) of Hong Kong has suspended Lam Ka Wo for three years from 18 May 2013 to 17 May 2016.
New York regulator scrutinizes investment firms’ ties to insurers
New York’s top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, according to a report by the Wall Street Journal.
Fidelity slashes jobs across adviser sales team
Fidelity Worldwide Investment has slashed a number of positions across its IFA sales team, Investment Week reported.
UBS appoints Sylvia Brasil Coutinho as CEO of UBS Group Brazil
UBS has appointed Sylvia Coutinho as CEO of UBS Group Brazil effective 24 June 2013.
Goldman Sachs to exit ICBC with US$1.1 billion stake selldown
Goldman Sachs has launched a sale of approximately US$1.1 billion worth of Hong Kong-traded shares in the world’s biggest bank, Industrial and Commercial Bank of China (ICBC), offering to sell its entire remaining stake in the lender.