All articles by Verdict Staff
Verdict Staff
Pershing and BNY Mellon combine bank and brokerage custody into single service offering
Pershing, a BNY Mellon company, have announced that Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group, will now deliver a single-service integrated bank and brokerage custody offering.
Swiss pension funds increased equity exposure in 2012: Swisscanto survey
Swiss pension funds are cutting back their bond exposure to shift into real assets and have broadly abandoned securities lending, according to findings of a Swisscanto annual survey.
Momentum to distribute UCITS umbrella fund to Hong Kong retail investors
UK-based Momentum Global Investment Management Limited has obtained approval from the Securities and Futures Commission of Hong Kong (SFC) to distribute its Luxembourg domiciled UCITS umbrella fund, Momentum Global Funds, to retail investors in Hong Kong.
Matterley Asset Management hires assistant fund manager from UBS
Charley Stanleys fund division, Matterley Asset Management, has hired an assistant fund manager, Jack Barrat, from UBS.
Stuart Aberdein sells 3,449,597 shares in Digicore Holdings for $85m
Stuart Aberdein, a South African telecoms company director has recently netted $85m from the sale of a three share sales. The sold shares were approximately 4 million in total, representing a 1.3927% stake in the company.
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Obama appoints temporary head of IRS; commissioner of tax-scandal-hit unit retires
After firing the most senior tax official in the US, the head of Internal Revenue Service (IRS) Steven Miller, over the firm’s special scrutiny of conservative groups, President Barack Obama has appointed a White House budget official, Danny Werfel, to lead the IRS for the time being.
Ireland to accept AIFMD-related applications
The Central Bank of Ireland will now accept applications under the Alternative Investment Fund Managers’ Directive (AIFMD), wih the Irish Funds Industry Association (IFIA) accepting CBI’s publication of AIFMD-related application forms and detailed rules, published on its website, which will enable alternative investment fund managers (AIFMs) to seek authorisation under the new AIFMD.
Bedell Trust appoints director in London office
William McGilivray has joined Bedell Trust’s London office as a director, to assist in delivering the bespoke range of fiduciary services the firm offers clients, and to develop new business opportunities across the group’s international locations.
Credit Suisse hires head of equity derivatives sales in Asia
Credit Suisse has hired Brian Chan as head of equity derivatives sales in the Swiss private bank’s Asia-Pacific unit.
Former BofA and Citigroup senior exec to buy network from former Goldman Sachs exec
Sallie Krawcheck, former senior executive at Bank of America (BofA) and Citigroup, has agreed to buy 85 Broads, a global network of 30,000 women, from it’s founder, former Goldman Sachs executive, Janet Hanson.