All articles by Verdict Staff
Verdict Staff
Credit Suisse nabs former Deutsche Bank M&A chief
Credit Suisse has hired Henrik Aslaksen, the former global head of mergers and acquisitions at Deutsche Bank, as head of strategic client coverage for its investment bank and capital markets (IBCM) division in EMEA.
British millennials to adopt annuities even as older people reject them
Despite the sweeping changes to pension rules introduced last year most British millennials intend to include annuities in their retirement strategies, while older savers plan to avoid annuities, according to a survey by Legg Mason Global Asset Management.
Equirus reshuffles top management; to foray into wealth management business
Indian investment bank Equirus Capital has reshuffled its top-level management under which it promoted Ajit Deshmukh as the head of investment banking, a position that was till now held by founder and MD Ajay Garg.
CIBC Asset Management introduces three new fixed income strategies
CIBC Asset Management has launched three new fixed income strategies for institutional investors seeking additional tools for building liability-aware portfolios.
SEI Investments Q1 net income down 8%
SEI Investments Company has reported net income of $77.5m for the first quarter of 2016, down 8% from $84.6m a year ago.
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Morningstar adds Redtail’s CRM functionality to Morningstar Office for financial advisors
Morningstar has integrated Redtail Technology’s customer relationship management (CRM) capabilities into Morningstar Office, the company’s portfolio and practice management system for financial advisors.
GAM investment management AuM slumps 7% to CHF67.3bn
Swiss money manger GAM Holding has said that assets under management (AuM) in its investment management unit dropped 7% to CHF67.3bn in the first quarter of 2016 from CHF72.3bn in the previous quarter, due to net outflows and the negative impact from a weakening of the US dollar and the British pound.
Aberdeen poaches new global distribution head from Columbia Threadneedle
Aberdeen Asset Management has hired Columbia Threadneedle Investments CEO for EMEA Campbell Fleming as its new global head of distribution.
Wells Fargo Asset Management gets new CEO
Wells Fargo Asset Management (WFAM) has hired Kristi Mitchem as its new president, CEO, and head, replacing Mike Niedermeyer who retired in March this year.
Emirates NBD net profit rises 8% in Q1
Emirates NBD has reported a net profit of AED1.8bn for the first quarter of 2016, up 8% from AED1.67bn in the prior year, driven by higher net interest income, control on expenses, and lower provisions.