All articles by Verdict Staff
Verdict Staff
Avoidable inefficiencies threaten RIAs profits, study
A recent study by Peshing has revealed that workflow and operations management is a prevalent problem for RIAs, more so as businesses increase in complexity.
Moody’s downgrades Nordic banks
Citing strong reliance on wholesale funding, low profit margins and risk to asset quality, Moody’s Investor Service has downgraded a range of major banks in Sweden and Norway.
FSA bans and fines hedge fund CEO
As a case of the largest fine for an individual in a non market abuse case, FSA has fined hedge fund CEO Alberto Micalizzi GBP3 million and banned him from performing any role in regulated financial services for not being fit and proper.
Rothschild partners with Rockefeller
RIT Capital Partners (RIT), chaired by Jacob Rothschild, and Rockefeller Financial Services, the parent company of Rockefeller, has decided to form a strategic partnership.
EQIS adds Clark Capital in custom portfolio
EQIS Capital Management, a provider of cloud-based turnkey asset management platforms for wealth management industry has included Clark Capital Management Group for offering custom portfolios on the EQIS platform.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Kleinwort Benson appoints head of wealth management
Kleinwort Benson, an independently owned private bank, has appointed Stephen Rothwell as head of wealth management.
FSA recruits HSBC deputy chief for regulation role
The Financial Services Authority (FSA) has appointed Joe Garner as chairman of the Financial Services Practitioner panel.
NBAD appoints general manager of elite banking
The National Bank of Abu Dhabi (NBAD), has appointed George Beatty as general manager of consumer and elite banking.
SimplyBiz and Verbatim launches DFM service
UK-based SimplyBiz, a provider of financial compliance service, in partnership with Verbatim Asset Management has launched a discretionary fund management solution called Verbatim Discretionary Service.
SEC halts fraudulent investment scheme by New York-based fund manager
The Securities and Exchange Commission (SEC) has charged a New York-based fund manager and his two firms with charges of luring investors into a trading program that would purportedly maximize their profits but instead spent their money in unauthorized ways.