All articles by Verdict Staff
Verdict Staff
Evercore Wealth Management names new managing director
Evercore Wealth Management has appointed Thomas Mahowald as its new managing director and portfolio manager, based in Minneapolis.
Blackstone buys minority stake in Marathon Asset Management
Blackstone Strategic Capital Holdings Fund (BSCH), a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a minority stake in $12.75bn hedge fund manager Marathon Asset Management for an undisclosed sum.
Charlotte Wealth Advisors joins LPL broker-dealer platform
Charlotte Wealth Advisors (CWA), a newly formed North Carolina-based financial advisory firm, has joined the broker-dealer platform of retail investment advisory firm and independent broker/dealer LPL Financial.
Exoe taps Charles Rivers investment management solution
Exoe, a Paris-based independent investment firm, has chosen Charles Rivers Investment Management Solution (Charles River IMS) to improve operational efficiency.
Abu Dhabi, Turkey ink cross-border cooperation deal
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has inked a memorandum of understanding (MoU) with the Banking Regulation and Supervision Agency of Turkey (BRSA) to co-operate and exchange supervisory and enforcement information.
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European Wealth reports pre-tax loss of £1m following acquisition spree
Wealth manager European Wealth has reported a pre-tax loss of £1m in 2015, compared to a loss of £0.3m in 2014.
Hong Kong ranked most expensive city for expats: Mercer survey
Hong Kong ranked as the most expensive city for expatriates, followed by Luanda, Angola in the second spot, and Zurich in the third spot, according to a survey by Mercer.
Investec Asset Management expands multi-asset team
Investec Asset Management has named Iain Cunningham as a new portfolio manager in its multi-asset team.
Ex-Bofa head opens investment advisory firm in Virginia
Bank of America’s former Virginia president and Richmond market head Gary Gore has opened his own investment advisory firm in Richmond, Virginia.
Investment professionals expect firms to increase IT budgets to comply with DOL Rule
A vast majority of investment professionals expect their firms’ budgets to be allocated to technology that will help them comply with the new DOL Fiduciary Rule, according to a survey by SS&C Technologies Holdings.