All articles by Verdict Staff
Verdict Staff
IFAs increasingly prefer passive investment funds
According to Legal & General (L&G) Investments What Matters Investment Index, an increasing number of Independent Financial Advisors (IFAs) are preferring passive investment funds as the retail distribution review (RDR) deadline draws closer.
BlueCrest selects Axioma to provide risk data for systematic equity strategies
BlueCrest Capital Management LLP, an alternative asset manager with more than $32 billion in assets under management, has implemented Axiomas Robust Risk Models for use with its systemic equity strategies.
Sberbank Group makes new appointments
Sberbank Groups private banking department has reportedly made a series of new appointments to its team. According to BSR-Russia, Julia Petrova is joining the private banking team as the new head of lifestyle Her responsibilities are said to include analysing client needs, developing strategy, widening the product offering for private banking clients with regard to lifestyle services, and monitoring the quality of services provided.
Credit Suisse denies Swiss banks undermining a tax pact with Germany
Switzerland-based global financial services company, Credit Suisse has denied that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centres such as Singapore to avoid becoming subject to taxes, Reuters reported.
FolioDynamix, Broadridge partners to develop communication tools for wealth advisors
FolioDynamix, a provider of technology platform for managing wealth advisory lifecycle, has partnered with Broadridge’s Forefield Business in order to deliver client communication tools for wealth advisors.
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HMRC issues tax return warnings to wealthy Britons
In order to enable the submission of historical tax returns under is Tax Return Initiative, UK’s HM Revenue and Customs (HMRC) will soon send out warning to the wealthy urging them to submit the same.
Principal Investment Management acquires Iain Nicholson Investment
UK-based private client investment management company, Principal Investment Management has acquired discretionary investment manager Iain Nicholson Investment as it seeks expansion in the region.
H1 2012 profit dip for HSBC Private Bank
H1 2012 profit for HSBCs Swiss private bank fell by 4.1% year-on-year as a crackdown on tax evasion is said to have hit margins with interest income also declining.
Butterfield Bank appoints chairman & CEO
Canada-based Butterfield Bank has appointed the previous executive chairman Brendan McDonagh as the chairman & CEO.
Fenergo launches online FATCA self-certification tool
Fenergo, a UK-based provider of lifecycle management solutions, has launched a new online FATCA self-certification tool for W-8 and W-9 form collection.