All articles by Verdict Staff
Verdict Staff
BNY Mellon Appointed as Depositary by Temenos Group AG
BNY Mellon, the global leader in investment management and investment services, has been appointed by Temenos Group AG as the depositary bank for its American depositary receipt (ADR) program. Each Temenos ADR represents one ordinary share and trades over-the-counter under the symbol “TMSNY.”
Schroders adds Hartlebury to UK Property Fund
Schroder UK Property Fund (SPF) has acquired the Hartlebury Trading Estate in Worcestershire for £46.2 million (£32 capital value per sq ft), reflecting a net initial yield of 10.15% from the Industrial Trust advised by Valad.
UBS net income down 5% in Q1
UBS AG group has reported a net income of CHF988 million for the first quarter of 2013, a decline of 5% compared to CHF1.04 billion reported for the year ago quarter.
Cazenove Capital Brings Wealth Management Expertise To Hong Kong
Cazenove Capital confirms the opening of its Hong Kong office, following licence approval from the Securities and Futures Commission. Sandy Dudgeon, Managing Director of Cazenove Capital Management Asia Limited, will head the wealth management business in Hong Kong.
Butterfield Reports First Quarter Profit
The Bank of N.T. Butterfield & Son Limited (Butterfield or the Bank) today announced core earnings for the first quarter (Q1) ended 31 March 2013 of $15.3 million ($0.02 per Share on a fully diluted basis), compared to $14.6 million a year ago.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Mitsubishi UFJ in talks to buy Morgan Stanleys trust-banking assets
Japan’s Mitsubishi UFJ Financial Group is in talks to buy Morgan Stanleys trust-banking assets worth about $4 billion, according to Bloomberg.
Lyxor strengthens its Cross Asset Research with the appointment of Rob Koyfman
Lyxor Asset Management (Lyxor) is reinforcing its Cross Asset Research team with the appointment of Rob Koyfman as senior strategist. Based in New York, Rob reports to Jeanne Asseraf-Bitton, Global head of Cross Asset Research.
FCA delays publication of final rules on UCIS till June
UK’s Financial Conduct Authority (FCA) has delayed the publication of final rules and guidance on unregulated collective investment schemes (UCIS) till June, 2013, according to Investment Week.
Architas appoints intermediary business development manager
Architas has hired former Dominion fund manager, Daniel Haylett as intermediary business development manager.
Jeremy Hester Appointed as Head of Northern Trust Global Fund Services Sales in the UK
Jeremy Hester has been named head of sales for Northern Trusts Global Fund Services business in the United Kingdom, responsible for offering investment operations outsourcing, fund administration and the full range of asset servicing solutions, to investment managers domiciled in the UK.