All articles by Verdict Staff
Verdict Staff
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.
Weatherbys Private Bank hires new CIO
UK-based Weatherbys Private Bank has appointed John Butters as its new chief investment officer (CIO).
Goldman Sachs net income slumps 60% in Q1
Goldman Sachs has posted a net income of $1.13bn for the first quarter of 2016, down 60% from $2.84bn in the year-ago quarter.
Ashmore Group AuM rises to $51.3bn in Q3
British fund manager Ashmore Group has said that its assets under management (AuM) increased 4% to $51.3bn during the third quarter ended 31 March 2016 from $49.4bn in the previous quarter, driven by strong returns from emerging markets.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
CPA Australia Advice receives financial services licence
CPA Australia Advice, the wholly owned subsidiary of CPA Australia, has secured an Australian Financial Services Licence (AFSL) and an Australian Credit Licence (ACL) from the Australian Securities and Investments Commission (ASIC).
BofA to transfer management responsibilities of $80bn assets to BlackRock
BlackRock and Bank of Americas asset management business, BofA Global Capital Management, have signed a deal to transfer investment management responsibilities of approximately $80bn of AUM currently managed by BofA Global Capital Management to BlackRock.
Charles Stanley FUM dips 4%; investment management head to depart
British wealth manager Charles Stanleys funds under management and administration stood at £20.5bn at the end of 31 March 2016, a fall of 3.8% compared to £21.3bn a year ago.
The Capital Partnership to take over Northgate Capital
British asset manager The Capital Partnership has agreed to fully acquire US-based Northgate Capital from Religare and members of Northgate’s management team for an undisclosed amount.
Towry profit almost halves in 2015 to £4.2m
British wealth manager Towry, which has been recently acquired by Tilney Bestinvest, has reported an operating profit of £4.2m for 2015, down 49.4% compared to £8.3m a year ago.