All articles by Verdict Staff
Verdict Staff
Family Office Act establishes licensing for family office activities
The Family Office Act, which regulates family office activities in Luxembourg, was published on December 28 2012 and it aims to establish a new licensing procedure for financial sector professionals exercising family office activities.
Focus Financial’s partner firms complete strategic transactions
US-based Focus Financial Partners, LLC, the largest partnership of independent wealth management firms, has said that four of its partner firms have completed strategic transactions in the last 60 days, either closing on important sub-acquisitions or recruiting well-respected new professionals to their firms.
Invesco Perpetual appoints CEO of global institutional business
UK-based investment management company, Invesco Perpetual, has appointed Mark Armour as chief executive officer, leading the firms global institutional business.
JP Morgan appoints head of private banking business in Michigan
JP Morgan has appointed Reuben Rashty as the head of its private banking business in Michigan.
Centier Bank adopts SEI’s Global Wealth Platform
US-based Centier Bank has implemented SEI’s integrated, single-infrastructure wealth management platform.
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Vistra Curacao acts as Advisor to specialist fund manager in listing funds on DCSX
Vistra (Curacao) NV has acted as Licensed Listing Advisor to a first class privately owned Australian specialist fund manager operating in Australia’s business and property sectors for the listing of two major funds.
Chinese banking regulator requires bank hotlines in wealth product crackdown
Shanghai banking regulator, China Banking Regulatory Commission (CBRC) requires lenders to open telephone hotlines for customers so as to report those staff who attempt to sell unauthorized wealth management products, Bloomberg reported.
Krusen Capital Announces Strategic Relationship with Wilshire Private Markets
Krusen Capital Management, the hedge fund and private equity advisory firm, has formed a strategic relationship with Wilshire Private Markets (“WPM”), a business unit of Wilshire Associates, in which WPM will provide private markets advisory services, including manager and market research, investment sourcing and investment due diligence.
Broadway Bank expands relationship with Fiserv
US-based Broadway Bank, a provider of private banking, personal banking and wealth management services has expanded and extended its relationship with Fiserv,a global technology provider.
Rise in confidence among emerging markets consumers: Survey
A recent survey by Credit Suisse Research Institute has revealed rising confidence among emerging markets consumers, though disparities have been found across some regions.