All articles by Verdict Staff
Verdict Staff
AllianzGI appoints new head of Alternatives group
Allianz Global Investors (AllianzGI), a UK-based asset manager, has appointed Deborah Zurkow as its new head of Alternatives group.
Knight Financial Advisors, Managed Accounts collaborate to launch MDA service
Perth-based Knight Financial Advisors has teamed up with listed managed account operator Managed Accounts Holdings (MGP) to introduce a managed discretionary account (MDA) solution.
Architas names former Barclays executive as its new CIO
Architas, the multi-manager arm of Axa Wealth, has named Jaime Arguello as its new CIO, replacing Caspar Rock.
BMO Financial wealth arm Q2 income slumps 44%; to axe over 1,800 jobs
BMO Financial Group’s wealth management unit has posted a net income of C$134m for the second quarter of fiscal year 2016, down 43.7% compared to C$238m in the year-ago quarter.
EFG receives regulatory approval for BSI acquisition
EFG International has secured the regulatory nod from the Swiss Financial Market Supervisory Authority FINMA for its proposed acquisition of Grupo BTG Pactuals Swiss private banking unit BSI.
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Robo-advisor SigFig raises $40m in funding from investors including UBS, Eaton Vance
SigFig, a San Francisco-based online financial advisor, has raised $40m from numerous investors including Eaton Vance and UBS.
Murray & Co sells wealth management arm to First NZ Capital
Murray & Co, a New Zealand-based boutique merchant bank, has sold its wealth management business to First NZ Capital to concentrate on its investment banking operations.
Edelman Financial Services names new CEO
Edelman Financial Services, a US-based financial planning and investment management firm, has appointed Ryan Parker as its new CEO.
Saxo Bank signs white-label partnership with Chinese P2P lender Lufax
Danish multi-asset service provider Saxo Bank has signed a new white label partnership with Chinese internet finance company Lufax, which is active in the peer-to-peer (P2P) lending business.
Old Mutual confirms approaches for stake in US asset management unit
Anglo-South African wealth manager Old Mutual has confirmed that it is close to selling its asset management operations in the US as part of its restructuring plan.