All articles by Verdict Staff

Verdict Staff

Affiliated Managers Group to acquire minority stakes in five alternative investment firms

US-based asset management firm Affiliated Managers Group (AMG) has agreed to purchase 100% of minority equity interests in five alternative investment firms from Petershill Fund I- Goldman Sachs’ alternative asset management unit- in a deal worth about $800m.

Rowan Dartington poaches investment manager from Quilter Cheviot

British wealth manager Rowan Dartington has hired Alex Philipson from Quilter Cheviot as investment manager in its London office.

GV Financial Advisors names new senior financial advisor

GV Financial Advisors, the Atlanta-based Behavioral Wealth Management firm, has appointed Sergio De La Torre as its new senior financial advisor.

NorthStar Asset Management, Colony Capital, NorthStar Realty Finance seal merger deal

NorthStar Asset Management Group (NSAM), Colony Capital (Colony) and NorthStar Realty Finance (NRF) have agreed to merge in an all-stock deal, which will create a single real-estate and investment management platform with $58bn in assets.

MAS proposes regulatory sandbox to facilitate fintech experiments

The Monetary Authority of Singapore (MAS) has released a consultation paper proposing a regulatory sandbox that will allow financial and non-financial institutions to experiment with fintech solutions.

Royal London launches online drawdown service for advisers

Royal London has introduced a new online drawdown governance service that will help advisers to easily assess the sustainability of their client’s income on a regular basis.

JP Morgan CEO warns of job cuts if UK votes for Brexit

JP Morgan CEO Jamie Dimon has warned that it may axe up to 4,000 banking jobs in the UK if Britain chooses to leave the European Union.

Rothschild to buy Compagnie Financiere Martin Maurel

Rothschild & Co has agreed to acquire Compagnie Financiere Martin Maurel in a deal that would create a French private bank with combined assets of about EUR34bn ($38.5bn).

BNP Paribas subsidiary THEAM names new head of ETF

THEAM, a division of BNP Paribas Investment Partners offering capital-protected, indexed and model-driven management, has named Isabelle Bourcier as its new head of ETF and indexed fund activities.

BetaShares rolls out ETF model portfolio service for advisers

BetaShares, a provider of exchange traded funds (ETFs) in Australia, has introduced ETF model portfolio service for its financial adviser customers.