All articles by Verdict Staff
Verdict Staff
Peace of mind preferred over wealth accumulation: Merrill Lynch survey
Adults above the age of 45 years prefer achieving peace of mind over accumulating wealth, a recent Merrill Lynch survey has found.
Fund charges should be one of the last considerations for financial advisers: Defaqto
Fund charges should be one of the last considerations for financial advisers when it comes to selecting the right platform, according to Defaqto, an independent financial research company.
Merrill Lynch wealth management appoints Ashvin Chhabra as chief investment officer, head of investment management and guidance
Merrill Lynch Wealth Management today announced that Ashvin Chhabra is joining the firm as chief investment officer, head of Investment Management and Guidance (IMG). In his role, Chhabra will oversee the delivery of investment advice and strategy to Financial Advisors and their clients. He will also lead the IMG manager due diligence, investment analytics, and investment guidance teams, as well as the Ultra High Net Worth (UHNW) Investment Office.
Citi gains new accolades for securities services in Latin America and for private equity administration
Citi has been named Latin America Fund Administrator of the Year for the second year in a row, Latin America Custodian of the Year and Private Equity Administrator of the year by Custody Risk. Celebrating outstanding achievements across the Americas, Custody Risks Americas Awards recognize Citis extensive experience to address the specific challenges of global investors and its ability to tap the intellectual capital of Citis local network, to help clients deepen their insight, extend their reach and expand their business.
SGX and China Beijing International Mining Exchange collaborate to develop iron ore market
Singapore Exchange (SGX) and China Beijing International Mining Exchange (CBMX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of both Chinese and international iron ore markets. The agreement was signed in Singapore at the Singapore Iron Ore Week 2013, between Dong Chaobin, President of CBMX and Magnus Bocker, CEO of SGX.
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Foreign Equities preferred asset of Poland’s HNWI
Chart of the day showing Polands HNWI preffered asset allocations.
Neue Privat Bank gets accused by US authorities
The US Department of Justice has, reportedly, accused another Swiss lender, Neue Privat Bank, of assisting Americans hide cash offshore.
UBS agrees to pay Assured Guaranty US$358 million to settle lawsuit
UBS AG has agreed to pay an initial US$358 million to Assured Guaranty Ltd. to settle a lawsuit over money-losing residential mortgage-backed securities transactions.
The largest multi-family office headquartered in the West announces two northern California hires
Thomas J. Frank, Jr. Joins Whittier Trust as executive vice president and Northern California regional manager; Lisa Parker joins the firm as vice president of philanthropic services.
SGX derivatives and commodities volumes grow in April
Singapores premier trading bourse the Singapore Exchange (SGX) reported growth in derivatives and commodities trading for the month of April. However the countrys largest exchange saw turnover in securities and over-the-counter (OTC) commodities clearing volume fall month-on-month but rise from a year earlier.