All articles by Verdict Staff

Verdict Staff

Barings Asset Management to soft close its £1.5bn European equity fund

Barings Asset Management is set to soft close its £1.5bn Europe Select fund following tripling of the portfolio’s size.

COMMENT: Global Equities – Maneuvering through a late stage bull market

Global markets started the year with a bang but in the wrong direction. However, in time we have seen markets stabilise and there have been rallies from those sharp drops in January. The question many are asking: is the selling over or is this just a relief rally with more volatility ahead? Haren Shah, Chief Investment Strategist for Wealth Management at Citi Asia Pacific comments

Sun Life Financial to buy 51% stake in Indonesia’s CIMB Sun Life

Canada-based Sun Life Financial has agreed to acquire remaining 51% of Indonesia’s CIMB Sun Life (CSL) from its long term partner CIMB Group.

Nomura to wind down Nomura Asia Holding N.V.

Japanese banking giant Nomura Holdings is planning to shut down its subsidiary Nomura Asia Holding based in Netherlands and set up a new holding company based in Japan for its Asia ex-Japan operations.

Royal London to roll out early warning drawdown service for advisors

Royal London is planning to launch a new service that helps advisors to review their clients’ drawdown plans.

Investor confidence drops to record low in March: Lloyds

Lloyds Bank Private Banking Investor Sentiment Index for March revealed that investor confidence plummeted to its lowest level since the index was launched three years ago.

Envestnet | Tamarac partners with CAIS to invest in hedge funds, private equity funds

Envestnet | Tamarac has joined forces with CAIS to offere independent advisors with access to third-party hedge funds and private equity funds, as well as research on the alternative investment space using its portfolio and client management platform, Advisor Xi.

Element Pointe Advisors sets up new investment management firm for UHNW clients

Element Pointe Advisors, an independently owned SEC-registered investment advisor, has established its multi-family office and investment management firm specializing in UHNW clients.

Bank of Cyprus UK taps Lombard Risk solution for automated regulatory reporting

Bank of Cyprus UK has selected Lombard Risk Management’s AgileREPORTER solution for delivering automated regulatory reporting.

Al Rayan Bank hires premier/private banking head

UK-based Al Rayan Bank has appointed Ahmed Rawaf as head of premier/private banking, based in bank’s Knightsbridge branch.