All articles by Verdict Staff

Standard Life to acquire Newton’s wealth arm

Standard Life is in talks to buy Newton Investment Management’s wealth management division for up to GBP90 million.

Private Client Resources partners with StatPro

Private Client Resources (PCR), an outsourcing provider of private wealth reporting and integrated technology, and a major competitor of both Advent Software and Envestnet, has inked deal with StatPro, a developer of cloud-based portfolio analysis and reporting capabilities.

Thurleigh Investment Management appoints portfolio manager

UK-based Thurleigh Investment Management has appointed the former Scottish Widows Investment Partnership (Swip) investment director, Jeremy Charles, as a portfolio manager.

UBS fined £9.45m for failings in its sale of an AIG fund

The Financial Services Authority (FSA) has fined UBS AG (UBS) for failures in the sale of the AIG Enhanced Variable Rate Fund (the Fund). These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund.

Bruce Stewart Joins Citi Private Bank in Boston

Citi Private Bank has announced that Bruce Stewart has joined the firm as a Director and Investment Counselor in the East Region.

BROWN ADVISORY WELCOMES NEW PARTNERS PORTER SCHUTT AND BILL DUGDALE IN WILMINGTON

Brown Advisory, a leading independent investment management firm with approximately $33 billion in client assets, today announced the appointment of Porter Schutt and Bill Dugdale as Partners in Wilmington.

Withersworldwide appoints head of Immigration

Philip is Head of Immigration (Europe & Asia) at Withers and focuses on complex personal immigration matters, especially for high net worth individuals and overseas businesses establishing operations in the UK. He also advises on compliance and risk issues under the sponsor licence system as well as the prevention of illegal working legislation.

Schwab Launches Schwab ETF OneSource

Charles Schwab announced today the launch of Schwab ETF OneSource(TM) — a new ETF platform that gives investors and advisors access to the most commission-free ETFs anywhere in the industry(1).

Two new lawyers join Bedell Cristin’s International Private Client group

Bedell Cristin Jersey has recently recruited two lawyers into its International Private Client group.

DUET GROUP IS PLEASED TO ANNOUNCE THE FORMATION OF “DUET LATIN AMERICA” IN PARTNERSHIP

Duet Group (“Duet”), the global alternative asset manager, is pleased to announce the formation of “Duet Latin America” in partnership with CG Capital, an investment company formed by Pedro Chomnalez and Diego Gradowczyk.

Duet Latin America is presently planning the launch of a “Merchant Opportunity Fund”
that will primarily focus on investments in real assets and private equity in Latin America. It is also contemplated that Duet Latin America will play a pivotal role in Duet’s upcoming “Emerging Markets Real Estate Debt Fund”.