All articles by Verdict Staff
Verdict Staff
CMBC International invests into CARRET Private Asia unit
Chinese lender CMBC International (CMBCI) has invested into the Asian private wealth management business of CARRET Private Investments (Asia), an affiliate of CARRET Asset Management.
Implemented Portfolios rolls out IMA service for advisors in Australia
Australian managed account specialist Implemented Portfolios (IP) has rolled out a branded individually managed account (IMA) service for Australian financial advisors and licensees.
Legal & General to sell Cofunds platform to Aegon for £140m
Legal & General Group (L&G) has agreed to offload Cofunds, its investment platform in the UK for advisers and other financial institutions, to Dutch insurer Aegon in a £140m deal.
WealthSource partners with Raymond James for custodial services
The investment advisors division of Raymond James has entered into a partnership with WealthSource Partners, a $568m independent advisory firm, to offer its custodial services.
Nuveen, Artivest partner to launch alternative investment service
Chicago-based investment manager Nuveen has collaborated with New York-based alternatives investment platform Artivest to launch an alternatives service offering for RIAs, family offices, private banks, and other financial advisors serving qualified high-net-worth investors.
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Icelandic advisory firm GAMMA enters UK market
Icelands GAMMA Capital Management has received approval from the Financial Conduct Authority (FCA) to carry out investment business in the UK.
Schroders names new head of investment trusts
British fund manager Schroders has promoted John Spedding to the role of head of investment trusts in its UK intermediary arm.
EFG to reduce purchase price for BSI
Swiss private bank EFG International has announced plans to lower its acquisition price for rival BSI by CHF140m ($143m), mainly owing to its involvement in the 1Malaysia Development (1MDB) state fund scandal.
Legg Mason appoints new Australia head
Legg Mason, a US-based investment management firm, has hired Andy Sowerby as the new country head in Australia.
CBA full year cash profit rise 3% to A$9.45bn; wealth division profit dips
Commonwealth Bank of Australia (CBA) has reported a cash profit of A$9.45bn for the year ended 30 June 2016, a rise of 3% compared to A$9.13bn a year ago.