All articles by Verdict Staff
Verdict Staff
FSA moves to a ‘twin peaks’ operating model
As of 1 April 2013, the Financial Services Authority (FSA) established separate ‘prudential’ and ‘conduct’ business units and ceased operations.
Bank of the West expands investment advisory solutions to broader range of investors
Bank of the West has unveiled Investment Advisory Solutions (IAS) – an expanded range of investing options including proprietary asset allocation models from the Wealth Management Group’s Investment Advisory & Management team, previously only available to the bank’s trust services clients.
Zweig Closed End Funds Authorizes Declaration Of A Distribution
The distributions may represent earnings from net investment income, capital gains, excess gains taxable as ordinary income or, if necessary, return of capital.
French President declares ‘wealth’ tax on companies
French President Francois Hollande has declared that companies would have to pay a 75% ‘wealth’ tax on salaries over a million euros.
BMA to sign AIFMD cooperation agreement with ESMA
The Bermuda Monetary Authority (BMA) has advanced preparations to sign a cooperation agreement with European Securities and Markets Authority (ESMA), under the Alternative Investment Fund Managers Directive (AIFMD).
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New director joins Bendigo and Adelaide Bank board
Bendigo and Adelaide Bank has announced the appointment of Robert Hubbard as a non-executive director.
Redmayne-Bentley acquires GBP300 million FHF assets
Redmayne-Bentley has acquired GBP300 million (US$456.8 million) of UK’s Fyshe Horton Finney’s (FHF) assets from its administrator after FHF too the decision to go into voluntary administration.
Appetite for Asia is improving but global investors still underweight: BlackRock
BlackRock Incs investment professionals has reported that earnings expectations are improving and market valuations will remain attractive for Asia in 2013.
Itau Asset Management’s head of institutional clients departs
Brazil-based Itau Asset Management has said that Roberto Nishikawa, the company’s global head of institutional clients and business development, has left the firm.
BNP Paribas Wealth Management accelerates development on Non Resident Indian clients
BNP Paribas Wealth Management today announces the appointment of an additional Team
Leader for Non Resident Indians (NRI), Singapore and South East Asia.