All articles by Verdict Staff
Verdict Staff
UBS Wealth Management, UBS Asset Management debut new outsourced CIO program
UBS Group subsidiaries, UBS Wealth Management Americas (WMA) and UBS Asset Management, have launched a new program aimed at addressing the needs of institutional clients and those who serve on investment committees at institutions like religious organizations, pension funds, foundations, endowments, alumni associations and charities.
UniCredit, Anthemis Group form new $200m joint investment venture
Italian lender UniCredit and Anthemis Group, a UK-based financial services technology venture and advisory firm, have launched UniCredit EVO – a joint investment venture that will invest in fintech start-ups.
J. Safra Sarasin to acquire Credit Suisse operations in Monaco, Gibraltar
Swiss private banking firm J. Safra Sarasin has agreed to purchase Credit Suisses private banking operations in Gibraltar and Monaco.
Lombard International reports 13% rise in business premium income for 2015
Lombard International, a provider of wealth structuring solutions, has reported a business premium income of $3.9bn in Europe for the full year of 2015, up 13% compared to 2014 at constant FX rate.
PK Group launches new discretionary fund management business
PK Group, a UK-based firm of accountants, tax specialists and financial advisors, has launched a new discretionary fund management business, called PK Wealth following the receipt of regulatory approval.
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Edelweiss Asset Management to purchase JPMorgan’s MF business in India
Edelweiss Asset Management has agreed to buy JPMorgan’s mutual fund business in India, which has assets worth over INR70bn.
Saga Investment selects Pershing for UK wrap administration and execution capabilities
Saga Investment Services, the new JV from UK wealth manager Tilney Bestinvest and Saga, has chosen Pershing, a BNY Mellon company, to provide full UK wrap administration and execution capabilities.
Rathbones bolsters intermediary sales team
British wealth manager Rathbones has expanded its intermediary sales team by hiring Brian McLaughlin as associate director.
Nomura to open office in South Africa
Japanese banking giant Nomura is set to open an office in South Africa, known as Nomura South Africa, on 4 April 2016.
Franklin Templeton Investments unveils new tax-free income fund
Franklin Templeton Investments has unveiled a new income fund for investors looking for higher yields than a money market fund and seek less volatility than short-term bond funds.