All articles by Verdict Staff

Verdict Staff

The first line of defence

Compliance has moved in recent years from being an important, yet largely back-office, function to being a front-and-centre issue. As regulators worldwide step up surveillance operations, the head of Thomson Reuters’ financial crime and reputations risk division discusses the latest trends with Nicholas Moody.

ORIX acquires Robeco

ORIX Corporation has acquired 90.01% of the equity in Robeco from Rabobank, for EUR 1,935 million

Nomura Issues 38th, 39th and 40th Series of Unsecured Straight Bonds

Nomura Holdings, Inc. today announced that it has determined the terms of its 38th, 39th, and 40th series of unsecured straight bonds in the total principal amount of 180 billion yen.

The great white hope for global banking

Wealth management is an attractive business in comparison with the other lines at the big global banks, new research contends. One key factor is that wealth advisory requires much less capital under the Basel III regime as still-anaemic banks seek to regain past profitability.

Baring Asset Management appoints global distribution head

Baring Asset Management has appointed Angus Woolhouse as the global head of distribution.

WH Ireland acquires Tenebris’ Private Wealth Management Business

WH Ireland Ltd. (WHI.L) has acquired the private wealth management business of Tenebris Realisations Ltd., for GBP270 million, being cash consideration.

‘Final’ FATCA makes some simplifications for the private client industry

On 28 January 2013, the US Internal Revenue Service (IRS) published more than 500 pages of final regulations under the US ‘Foreign Account Tax Compliance Act’ or FATCA.

WITAN INVESTMENT TRUST PLC: Appointment of an Asian Equity Manager

Witan Investment Trust plc announces that it has appointed Matthews Asia to manage a new £110 million segregated portfolio focused on the Asia Pacific region, including Japan, taking effect from 20th February 2013.

Lombard Odier combines its Global, Emerging bond teams

Switzerland-based Lombard Odier Investment Managers’ (LOIM) has combined its Global and Emerging Fixed Income teams into a single unit and has hired Salman Ahmed as its market strategist.

Barclays Corporate & Employer Solutions partners with Aegon and Zurich

The Corporate & Employer Solutions (C&ES) division of Barclays is teaming up with Aegon and Zurich to provide a corporate pension platform as part of the Barclays C&ES workplace savings offering.