All articles by Verdict Staff

Verdict Staff

Rathbones hires new equity research head

British wealth manager Rathbones has appointed Sanjiv Tumkur as its new head of equity research.

Brooks Macdonald, Pareto partner for discretionary investment services

British wealth manager Brooks Macdonald has entered into a partnership with Pareto Financial Planning to allow Pareto’s clients to access its discretionary investment services.

Vontobel strengthens institutional clients and consultant relations team in Japan

Vontobel Asset Management, a Swiss asset manager, has named Naohiko Tabei as its new executive director of institutional clients and consultant relations in Japan.

Westpac subsidiary to buy stake in Hong Kong’s Seyon Asset Management

Sydney-based Ascalon Capital Managers, a unit of Westpac, has agreed to acquire an equity stake in Hong Kong-based hedge fund Seyon Asset Management.

BCA Research introduces EM Equity Sector Strategy service

Canadian independent investment research provider BCA Research has unveiled a new service that will offer investors actionable research and investment recommendations in the emerging markets equity space.

Wells Fargo Advisors gets new president and head

American banking giant Wells Fargo has appointed David Kowach as president and head of Wells Fargo Advisors, replacing Mary Mack, who has been named as head of the group’s community banking business.

Bill Miller acquires Legg Mason’s stake fund company LMM

Fund manager Bill Miller has signed an agreement to acquire Legg Mason’s stake in his fund company LMM. Terms of the transaction were not disclosed.

Ultimus Fund Solutions to offer fund administration services for Canterbury’s first mutual fund

Ultimus Fund Solutions has announced plans to offer comprehensive fund administration services to Indiana-based Canterbury Investment Management as the latter rolls out its first mutual fund.

Old Mutual Wealth adjusted operating profit plummets 31% in H1

Old Mutual Wealth has reported adjusted operating profit of £104m for the first half of 2016, a slump of 31% compared to £151m a year earlier.

Brooks Macdonald appoints new investment director

British wealth manager Brooks Macdonald has appointed Ben Mackie as investment director to its Taunton office.