All articles by Verdict Staff

Verdict Staff

European Commission launches consultation on cross-border fund distribution

The European Commission has launched a consultation into cross-border distribution of funds across the EU’s single market.

SEC strengthens focus on cybersecurity

The Securities and Exchange Commission (SEC) has named Christopher Hetner to the newly-created position of Senior Advisor to the Chair for Cybersecurity Policy.

TA Associates wraps up Russell Investments acquisition

US-based private equity firm TA Associates has concluded the acquisition of Frank Russell Company’s asset management arm Russell Investments from London Stock Exchange Group in a $1.15bn deal.

RBI mandates banks to develop cybersecurity policies

The Reserve Bank of India (RBI) has mandated all banks to immediately put in place cybersecurity policies approved by their boards to combat cyber threats.

UBS names new global chief economist

UBS Wealth Management has appointed Paul Donovan as its new global chief economist. He will coordinate the Chief Investment Office’s regional economic views, take responsibility for its global economic views.

BMO Financial to take over advisory firm Greene Holcomb Fisher

BMO Financial Group has agreed to acquire Greene Holcomb Fisher (GHF), a Minneapolis-based M&A advisory firm, for undisclosed sum.

Danske Bank appoints new head of asset management

Danish lender Danske Bank has appointed Henrik Gade Jepsen the head of asset management in its wealth management unit, effective 1 August 2016.

Manhattan West Asset Management moves into wealth management space

Manhattan West Asset Management, formerly a JPMorgan Securities team in Los Angeles, has moved into the independent wealth management space, and will custody with Schwab Advisor Services.

Allianz Global Investors wraps up Rogge Global Partners acquisition

British asset manager Allianz Global Investors (AllianzGI) has completed the acquisition of London-based global fixed income specialist Rogge Global Partners (RGP).

TIGER 21 sets up second Chicago group

TIGER 21, a North American peer-to-peer learning network for high-net-worth investors, has launched a second group in Chicago.