All articles by Verdict Staff

Verdict Staff

Standard Life advice arm to acquire advisory firm Almary Green

Standard Life’s financial planning business, 1825, is planning to acquire Norwich-based advisory firm Almary Green, which has assets under advice of around £400m.

Sanne Group to buy South African fund administrator IDS Fund Services

Sanne Group, a provider of outsourced corporate and fund administration, reporting and fiduciary services, has agreed to purchase South Africa-based IDS Fund Services for an initial cash consideration of ZAR201.6m (£9.2m).

ASIC orders independent compliance review of ANZ’s OnePath subsidiaries

Australia and New Zealand Banking Group (ANZ) has agreed to an independent review of its One Path subsidiaries after markets regulator Australian Securities and Investments Commission (ASIC) raised concerns about compliance at the OnePath division.

AIG Advisor Group to pay $9.5m to settle fund steering case

Three of the AIG Advisor Group’s subsidiaries have agreed to pay $9.5m to the US Securities and Exchange Commission (SEC) to settle charges that they steered mutual fund clients into more expensive share classes to collect more fees.

Winners of Private Banker International Middle East Awards 2016 revealed

Private Banker International (PBI) announced the winners of the first 2016 Private Banking Middle East Awards, held in conjunction with the Private Banking: Middle East Conference in Dubai on 14th March.

Banca Transilvania to acquire investment banking arm of Capital Partners

Romania-based Banca Transilvania Financial Group has agreed to acquire the investment banking operations of consulting company Capital Partners through its brokerage arm, BT Securities.

Breckenridge Insurance creates new private asset management venture

US-based Breckenridge Insurance Group has created a new private asset management group, which offers risk management solutions for liability exposures for HNW clients and the institutions who serve them.

Asset manager La Française opens office in South Korea

French asset manager La Française has strengthened its presence in Asia by opening a new office in Seoul, South Korea.

Goldman Sachs to purchase retirement savings start-up Honest Dollar

Goldman Sachs’ investment management unit is planning to acquire Honest Dollar, a digital retirement savings tool aimed at small-business employees who do not have access to employer-sponsored savings plans.

Standard Life Wealth hires two new senior portfolio managers

UK-based Standard Life Wealth has hired Matthew Grange and Matthew Burrows as senior portfolio managers for its London office.