All articles by Verdict Staff
Verdict Staff
Global AUM levels drop for private banks despite better efficiency ratios: Scorpio Partnership
The top 25 global private banks experienced better efficiency ratios with a 75.1% cost- income ratio in 2015 but their overall AUM levels dropped slightly more than the industry at large, reveals the new annual Global Private Banking Benchmark Report by Scorpio Partnership.
Theresa May appoints Philip Hammond as new UK chancellor
Britains new prime minister Theresa May has appointed Philip Hammond as the new Chancellor of the Exchequer, as the countrys economy braces up to face Brexit fallout.
COMMENT: Brexit and Immigration is this an opportunity for investors?
Although the legal outcomes from Brexit will not become clear for several years, broad possibilities are now taking shape. Vikki Wiberg, Senior Counsel in Taylor Wessing’s Immigration Team, considers how the referendum might impact on non-European high net worth individuals viewing these uncertain times as a chance to invest in the UK.
AXA Investment Managers names new CFO
AXA Investment Managers (AXA IM) has named Jean-Christophe Menioux as its new general secretary and CFO, replacing Elie Harari who will now join as CFO at AXA Partners.
Mercer brings delegated investment solutions business to Singapore
Consulting firm Mercer, a wholly-owned subsidiary of Marsh & McLennan Companies, has launched its delegated investment solutions business in Singapore.
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EU, Monaco sign tax transparency pact
The European Union (EU) and Monaco have inked a tax transparency pact, under which they can automatically share data on the financial accounts of each other’s residents.
Minella Capital Management to buy majority stake in W.E. Donoghue & Co
Minella Capital Management (MCM) has agreed to purchase a majority stake in Norwood, Massachusetts-based registered investment advisor W.E. Donoghue & Co (WEDCO) for an undisclosed sum.
UK CIOs fear GDPR would leave them exposed
Overwhelming number of UK CIOs from financial services firms are not prepared for the EU General Data Protection Regulation (GDPR), according to a report published by Egress Software Technologies.
AXA IM rolls out new smartbeta equity ESG fund
AXA Investment Managers (AXA IM) has unveiled a new smartbeta equity ESG fund to support responsible investment while reducing risk.
Moerus Capital Management launches flagship mutual fund
New York-based investment management firm Moerus Capital Management has unveiled its flagship mutual fund, the Moerus Worldwide Value Fund.