All articles by Verdict Staff
Verdict Staff
Natixis Asset Management appoints new CEO
Natixis Asset Management, Paris-based investment arm of Natixis Global Asset Management, has hired Matthieu Duncan as new CEO, replacing Pascal Voisin.
Legg Mason merges seven Martin Currie funds into its global fund range
American asset manager Legg Mason has merged Martin Currie Global Funds (MCGF) into its global fund range, Legg Mason Global Fund (LMGF).
Old Mutual appoints director of managed separation
Old Mutual said that Rob Leith will join the group executive committee as director of managed separation.
AIG Advisor Group to pay $9.5m to settle fund steering case
Three of the AIG Advisor Groups 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.
LGT to acquire majority stake in Vestra Wealth
LGT, the private banking and asset management group owned by Princely Family of Liechtenstein, is planning to acquire a majority stake in London-based Vestra Wealth, which has £5.6bn in managed assets.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Nordea names new private banking head
Swedish banking group Nordea has named Thorben Sander as its new head of private banking, replacing Snorre Storset.
Bank Alfalah collaborates with Ethica for Islamic finance training
Pakistan-based Bank Alfalah has partnered with Dubai-based Ethica Institute of Islamic Finance to offer online Certified Islamic Finance Executive (CIFE) training to its employees.
Allianz restructures management team
Germany-based financial services provider Allianz SE has restructured its board of management by hiring Jacqueline Hunt to oversee its asset management and US life insurance, effective from 1 July 2016.?????????????
RBS to slash 550 jobs, shrinks face-to-face advice team
Royal Bank of Scotland (RBS) is planning to slash about 550 jobs as it scales back face-to-face investment advice to certain customers with £250,000 or more of assets.
JTC Malta gets trustee licence from MFSA
Fund services provider JTC Malta has received a licence from the Malta Financial Services Authority (MFSA) to significantly bolster its institutional and private client services offering from the jurisdiction.