All articles by Verdict Staff
Verdict Staff
PNC Asset Management Group appoints CFO
US-based PNC Asset Management Group (AMG) has appointed Robert Q. Reilly as its next chief financial officer (CFO).
Asian financial institutions spend more on technology: Misys
Asian financial institutions will keep spending more in technology, according conclusions from UK-based firm Misys’ Southern Asia Market Forum.
AXA IM launches SmartBeta products
UK-based AXA Investment Managers has launched two new smart beta products, AXA IM SmartBeta Equity and AXA IM SmartBeta Bond, which have been designed as alternatives to index trackers, Financial Standard reported.
Fidelity cuts cost of Bolton’s China trust
The board of Fidelity China Special Situations has decided to cut the trust’s annual management fee.
Hedge fund industry assets reach record $2.25trn: HFR reports
The launch of the new hedge fund rose at year end 2012, narrowly trailing total launches for 2011 as total hedge fund industry assets increased to a record of $2.25trn, according to0 data from the latest HFR Market Microstructure Industry Report.
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RCAM crosses 200,000 mark in investor awareness initiative
Reliance Capital Asset Management (RCAM) has crossed the 200,000 mark in its investor awareness programme and plans to reach out to as many as 500,000 investors in next three years.
Deutsche Bank private wealth COO, Asia Pacific, to leave in mid-2013
Deutsche Banks chief operating officer, wealth management for Asia Pacific, Christian Camenzind, plans to leave the lender in the middle of 2013.
HMRC must improve relationship with advisers to clear case backlog
The HMRC needs to do more to educate and regain the trust of tax advisers to clear the backlog of Tribunal hearings, according to a report from PKF Accountants & business advisers and Professional Fee Protection Ltd.
Stifel appoints adviser from Wells Fargo in Florida
US-based brokerage firm Stifel, Nicolaus & Co has hired a veteran adviser, John Peterson, from Wells Fargo & Co’s US brokerage division, as part of a strategy to enhance its presence in Florida.
Mukesh D. Ambani to join Bank of America Global Advisory Council
Mukesh D. Ambani is all set to join Bank of America (BofA) Global Advisory Council in May 2013, and has decided not to seek another term on the companys board of directors at its 2013 annual meeting of stockholders.