All articles by Verdict Staff
Verdict Staff
Lombard reports rise in earnings and AuM
UK-listed life insurer and financial services group Resolution’s insurance-based wealth management arm, Lombard, has reported a 7% increase in new business premium income, reaching EUR2.9 billion in 2012, from the same period in 2011.
CFSGAM appoints dedicated Chief Investment Officer for Fixed Interest Credit offerings
Colonial First State Global Asset Management (CFSGAM) has appointed Paul Griffiths to the newly created role of Chief Investment Officer, Fixed Interest and Credit. The creation of this new role based in London reflects CFSGAMs aspiration to become a global leader in these asset classes.
Liontrust AuM doubles to GBP3 billion
Liontrust Asset Management has reported that its assets under management have doubled to GBP3 billion in the last year, up from GBP1.53 billion in the same period a year ago.
Neuberger Berman launches New York Municipal Income Fund
Neuberger Berman Group has introduced the Neuberger Berman New York Municipal Income Fund that seeks high current income exemption from federal income tax.
Credit Suisse appoints CEO of Securities unit in Japan
Zurich-headquartered Credit Suisse has appointed Martin Keeble as CEO of its Securities unit in Tokyo.Zurich-headquartered Credit Suisse has appointed Martin Keeble as CEO of its Securities unit in Tokyo.
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The FSA and the Bank of England relax the barriers to entry for new bank entrants
The Financial Services Authority (FSA) and the Bank of England have published the results of their review (the Review) into barriers to new entrants to the banking sector.
Allianz appoints head of global solutions
Germany-headquartered Allianz has appointed Arun Ratra as its head of global solutions in Allianz Global Investors.
Mondial launches JV with Mumbai-based firm
Dubai-headquartered wealth management company, Mondial, has launched a joint venture company in India with Mumbai-based Padmakshi Pvt., reported International Advisor.
Tactical Asset Allocation Q2/2013
Following the regular quarterly review of our tactical investment positioning, including a discussion of issues related to Cyprus, we have decided to raise our equity allocation to a significant overweight by buying into all developed markets and Asia-Pacific.
Nomura Statement on Appointment of Dame Clara Furse to Bank of England Financial Policy Committee
It has been announced that Dame Clara Furse is to be one of the four external members of the Bank of Englands Financial Policy Committee, a newly-created body designed to help reduce systemic risks in the UK financial system.