All articles by Verdict Staff
Verdict Staff
Neuberger Berman signs fund distribution deal with Italian private bank Fideuram
Neuberger Berman, a US-based investment manager, has entered into a fund distribution partnership with an Italian private bank Fideuram Intesa Sanpaolo.
Standard Life advice arm to acquire Scottish advisory firm Munro Partnership
Standard Lifes financial planning business, 1825, has agreed to purchase Scottish IFA Munro Partnership, which has over £600m of assets under advice.
VTB Bank reports net profit of RUB1.7bn in 2015
VTB Bank has reported a net profit of RUB1.7bn ($24.9m) for the year ended 31 December 2015, a rise of 112.5% compared to RUB0.8bn ($11.7m) in the prior year.
Tavistock Investments acquires IFA Abacus Associates Financial
Tavistock Investments, UK-based financial services group, has agreed to acquire IFA Abacus Associates Financial Services for £5.165m.
LGT reports 28% rise in annual profit
LGT, the private banking and asset management group owned by Princely Family of Liechtenstein, has reported group profit of CHF211m for the year ended 31 December 2015, a 28% increase compared to CHF165m a year ago.
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Dexion Capital rebrands as Fidante Partners
Dexion Capital, a UK-based alternative investments group, has re-branded itself as Fidante Partners.
Lighthouse Group rebuffs £17m AFH Financial takeover bid
British financial advisor Lighthouse Group has rebuffed a multimillion-pound takeover bid from financial advisory group AFH Financial.
Julius Baer to sell Indian trust services arm to Warmond Trustees
Swiss private bank Julius Baer has agreed to sell its trust services business in India to law firm Warmond Trustees & Executors.
SS&C hires new SVP for fund administration business
SS&C Technologies, a provider of financial services software and software-enabled services, has hired Stephanie Miller as new senior vice president for its fund administration business, effective from April 2016.
EFA Group selects Maples Fund Services as fund administrator
EFA Group, a Singapore-based asset manager that specializes in credit strategies, has selected Maples Fund Services, an independent global fund services provider, as administrator for its new asset-based direct lending vehicle, EFA Real Economy Income Trust (EFA RET).