All articles by Verdict Staff
Verdict Staff
Standard Chartered in final talks to buy Morgan Stanleys Indian wealth business
Standard Chartered Plc is in final talks to buy Morgan Stanley’s wealth management unit in India, which manages about US$1 billion including loans.
Moody’s: China’s shadow banking continues to weigh on the banks’ credit profiles
Moody’s Investors Service says that China’s latest regulatory steps to tighten controls on wealth management products (WMPs), part of China’s shadow banking market, are credit positive for banks, while Moody’s expects the issue of shadow banking to continue to weigh on the banks’ credit profiles.
Barings hire head of sales, client service and business development
Baring Asset Management has appointed Marco Tang to the newly-created senior role of head of sales, client service and business development.
FEIFA partners with SEI to lead fund managers
Federation of European Independent Financial Advisers (FEIFA) has partnered with SEI, a global company which provides access to leading fund managers around the world, reports International Adviser.
Butterfield launches new deposit account
UK based Butterfield Private Bank has introduced Butterfield 25 Deposit, a six month, fixed-term deposit account.
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IMA allows marketing of new funds during AIFMD’s one-year transitional window
UK-based Investment Management Association (IMA) has planned to allow alternative investment fund managers to market new funds during the one-year transitional period of the Alternative Investment Fund Managers Directives (AIFMD) implementation.
Swiss fin-min supportive of “conditional” bank client data exchange with foreign tax authorities
Switzerland’s finance minister is supportive of exchanging bank client data with foreign tax authorities under certain conditions, which the Swiss government is due to begin talking about in June 2013.
Barclays introduces voice recognition service for private banking clients
Barclays Wealth has introduced a voice recognition service, which will enable customers to eliminate the PIN verification process.
Morgan Stanley’s deputy head of investment steps down
Ji-Yeun Lee, deputy head of Morgan Stanley’s investment banking arm, has left the firm, reported Wall Street Journal.
RMB’s full convertibility looking likely within five years: HSBC
RMB is looking likely to become fully convertible within the next five years, after Chinas State Council outlined nine key measures to deepen economic reforms, according to HSBC.