All articles by Verdict Staff
Verdict Staff
AXA IM hires managing director for new liquid absolute return team
AXA Investment Managers (AXA IM) has hired Pierre-Emmanuel Juillard as managing director of a new investment team aimed at developing liquid absolute return strategies.
HSBC Private Bank appoints head of investment strategy for Asia
HSBC Private Bank has named Fan Cheuk Wan as the new managing director and head of investment strategy for Asia.
OCBC to buy Barclays’ Asia wealth management operations for $320m
OCBC Bank’s private banking arm Bank of Singapore has agreed to acquire Barclays Bank’s wealth and investment management business in Singapore and Hong Kong for $320m.
US unveils new fiduciary rule for financial advisors
The US Department of Labor has unveiled a new rule that will mandate retirement advisors to put their clients’ best interests first ahead of their own profits.
Bedell Trust management buyout announced
Bedell Trust, a Jersey-based independent trust company, has agreed to a management buyout (MBO) of its business for an undisclosed amount.
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Advisors Excel partners Sawtooth to support launch of AE Wealth Management
Advisors Excel, an insurance marketing firm, has partnered with Sawtooth Solutions, a technology-focused company concentrating on wealth management platforms, to support the launch its new division AE Wealth Management.
Union Bank & Trust to snap up Old Dominion Capital Management
Union Bank & Trust has agreed to buy Charlottesville Virginia-based registered investment advisor Old Dominion Capital Management.
361 Capital unveils new domestic equity fund
361 Capital, a US-based investment firm that specialises in liquid alternative mutual funds, has rolled out a new domestic long/short equity fund.
Acadian Asset Management (UK) appoints director for Middle East sales
Acadian Asset Management (UK), the London-based division of Acadian Asset Management, has named Ian Shea as its new director of sales and client service for Middle East.
Major British banks among biggest facilitators of offshore deals: Panama Papers
Some of the largest British banks including HSBC and Coutts have helped the wealthy dodge taxes by creating over 2,000 offshore companies for their clients, according to Panama Papers revelations.