All articles by Verdict Staff
Verdict Staff
Invesco completes Religare stake acquisition
Invesco Limited, an independent investment management company in US, has completed the acquisition of 49% stake in Indian financial services group, Religare Enterprises Limited.
HSBC to save additional US$2-3 billion by 2016 with job cuts and unit sales
With less than a year left in the first phase of its restructuring plan, HSBC is targeting an additional US$2 billion to $3 billion in cost savings between 2014 and 2016, as the lender axes jobs and sells noncore businesses.
Morningstar OBSR Managed Portfolios service launches for UK advisers
Morningstar Investment Management Europe, a provider of investment advisory and portfolio services, launched a managed portfolios service for UK advisers called the Morningstar OBSR Managed Portfolios TM.
GoldenTree Asset Management implements Paladyne data warehouse solution
Paladyne Systems, part of Broadridge Financial Solutions, has expanded its partnership with long-term client GoldenTree Asset Management, with the firm implementing new products as its data warehouse solution throughout the organisation.
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BNP Paribas launches the BNP Paribas Individual Philanthropy Index
BNP Paribas has launched an Individual Philanthropy Index which aims to measure and reflect the commitment of individual philanthropists from Europe, Asia and the Middle East, taking into account three main criteria: the amounts given, innovation, and the effort devoted by philanthropists to promote their causes.
Guardian Advice appoints state manager for WA and SA
Life risk specialist dealer group Guardian Advice has appointed Steve Coyle as state manager for Western Australia and South Australia.
Dutch private bank Van Lanschot to slash 250 positions
Dutch private bank Van Lanschot has said that it will slash 250 jobs in 2013 and 2014 as part of its previously announced strategic review.
RBI places restrictions on gold import by banks
The Reserve Bank of India (RBI) has imposed restriction on the import of gold by banks to curtail current account deficits.
Investec increases clients overall exposure to infrastructure funds
Over the last 12 months, Investec Wealth & Investment (IW&I) has increased its clients overall exposure to infrastructure funds by over GBP40 million (US$61 million), and by GBP60 million over the last two years.