All articles by Verdict Staff
Verdict Staff
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.
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.
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Kames Capital expands specialist ethical funds range
Kames Capital has announced plan to launch Global Sustainable Equity Fund to expand its £2.3bn specialist ethical funds portfolio.
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.
Handelsbanken to acquire Dutch wealth manager Optimix
Swedish lender Handelsbanken has agreed to take over Dutch wealth management firm Optimix Vermogensbeheer.
International organisations create new group to curb tax evasion
Following the leak of Panama Papers, IMF, OECD, United Nations and World Bank have created a joint platform to help developing countries fight tax evasion.