All articles by Verdict Staff

Verdict Staff

ING Group net profit plunges 29% in Q1

Dutch banking major ING Group has reported underlying net profit of EUR842m in the first quarter of 2016, down 29.1% compared to EUR1.18bn a year ago.

Vontobel Asset Management appoints new sales head for Nordics and Netherlands

Vontobel Asset Management has named Henrik Rox Hansen as its new head of sales for Nordics and the Netherlands to support its growing activities in these regions.

ICIJ discloses full list of people, companies named in ‘Panama Papers’

The International Consortium of Investigative Journalists (ICIJ) has released a searchable database of the so-called Panama Papers, which strips away the secrecy of nearly 214,000 offshore entities created in 21 offshore jurisdictions.

Julius Baer names interim head of Investment Solutions Group

Swiss private banking group Julius Baer has named Yves Robert-Charrue as the new interim head of Investment Solutions Group (ISG).

Focus Financial Partners adds Australian firm to its network

Focus Financial Partners, an international partnership of independent, fiduciary wealth management firms, has expanded into Australia by adding Melbourne-based MW Lomax to its network.

Rhenman & Partners to unveil new global equity long/short fund

Rhenman & Partners Asset Management, a Stockholm-based investment manager, is set to roll out a new global equity long/short fund on 31 August that will invest in all sectors across the globe.

TSSP acquires part of Credit Suisse’s distressed-debt assets for $1.27bn

TSSP, a credit-investing affiliate of private-equity firm TPG, has acquired part of Credit Suisse’s distressed-credit portfolio for approximately $1.27bn.

Consulting firm Mercer buys ExtraTextual

Australian consulting firm Mercer has acquired ExtraTextual, a web-based ecompliance and risk management solution, for an undisclosed amount.

Aviva Investors appoints new infrastructure debt team director

Aviva Investors, the fund management arm of the Aviva Group, has hired Florian de Chaisemartin as new director of its London-based infrastructure debt team.

Investor demand for real assets will surge by 2020: BNY Mellon

Appetite for investments in real assets among retail and institutional investors will surge by 2020, according to research by BNY Mellon prepared in association with Preqin.