All articles by Verdict Staff
Verdict Staff
Stone Point Capital purchases majority stake in Kestra Financial
Funds managed by private equity firm Stone Point Capital has completed the acquisition of a majority stake in Kestra Financial, an independent broker-dealer and registered investment advisor based in Texas.
Investec Australia acquires major stake in Wholesale Investor
Investec Australia has acquired a major stake in investor platform business Wholesale Investor for an undisclosed amount.
Keybridge Capital to offload funds management business
Keybridge Capital has agreed to sell its funds management arm Aurora Funds Management to Seventh Orion for $1.8m.
IA to launch volatility managed sector to accommodate outcome-based funds
The Investment Association (IA) has announced plans to launch a new volatility managed sector to deal with funds in the unclassified group that target volatility or risk outcome for investors.
Europe Arab Bank names new private banking head
Europe Arab Bank (EAB) has appointed Fadi Halout as its new head of private banking and member of the executive committee.
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UBS, Credit Suisse, Julius Baer, fundinfo roll out new fund data dissemination standard
UBS, Credit Suisse, Julius Baer along with fundinfo has introduced a new fund data dissemination standard ‘openfunds’ version 1.0.
EU financial-services chief steps down following Brexit
Lord Jonathan Hill, UK’s commissioner for financial stability, financial services and the capital markets union of the European Union (EU), has resigned from his post after Britain voted to leave the EU in a referendum.
INTL FCStone to buy Sterne Agees wealth management and clearing units
New York-based financial services provider INTL FCStone has agreed to acquire Sterne Agees correspondent securities clearing and independent wealth management operations.
Private Wealth Systems rolls out updated version of investment reporting platform
Private Wealth Systems, a provider of investment reporting software and services to HNW clients, private banks and family offices, has introduced the latest version of its investment reporting platform.
UK prime minister resigns following Brexit
The UK prime minister David Cameron has decided to resign after Britain voted to exit the European Union.