All articles by Verdict Staff
Verdict Staff
SEC names new deputy director of enforcement division
The Securities and Exchange Commission of US (SEC) has appointed George Canellos, currently director of the regulator’s New York Regional Office, as deputy director of the Division of Enforcement.
HiddenLevers offers portfolio integration with TD Ameritrade
US-based HiddenLevers, a risk management toolkit for RIAs, private wealth and family offices, is offering portfolio integration with TD Ameritrade’s Veo platform.
HSBC’s UK bond demand shows private banks’ appetite for RMB
HSBCs bank sold its first benchmark RMB bonds in London earlier this month with demand outstripping supply by two to one. The bank sold three-year RMB-denominated bonds, known as dim sum bonds, priced with a yield of 3%. The transaction closed with HSBC issuing RMB2bn ($300m) in bonds after booking RMB4bn, the bank said.
Brooks Macdonald selects AXA Wealth’s platform to offer risk-rated portfolios
British fund manager Brooks Macdonald has selected AXA Wealth’s Elevate platform to offer its managed portfolio service (MPS).
Preserving assets for future generations through family offices
One of the prevailing aims of a family office is to organise the network of a familys assets so that they are protected for future generations and importantly that the real value of the assets is maintained over the longer term. There are many factors that can contribute to the erosion of family assets which are unconnected to the investment performance.
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India Cabinet approves banking amendment bill
The Union Cabinet in India has approved the Banking Amendment Bill, wherein the voting rights in the private sector banks have been retained at 10%, with room for it to be raised to 26% as suggested by the Standing Committee.
BofA Merrill Lynch hires UBS banker as president
BofA Merrill Lynch has hired a top executive of UBS bank, Alex Wilmot-Sitwell as the president of Europe and Emerging Markets, excluding Asia.
Saxo Bank appoints Cofunds to expand services for private investors
Denmark-based Saxo bank has appointed Cofunds, the UK-based investment platform to help with the expansion of its UK fund proposition to private investors.
Morgan Stanley Smith Barney to launches Investing with Impact Platform
Morgan Stanley Smith Barney (MSSB) is all set to launch a new investment platform that is designed to help clients align their financial goals and their personal values.
HNW investors confident in their advisors, study
A recent study by Schwab has found that HNW investors are more confident in the performance of their advisors despite them being less optimistic about markets and economy than their advisors.