All articles by Verdict Staff
Verdict Staff
Cofunds unveils new discretionary fund management service for advisors
UK investment platform Cofunds has introduced a new discretionary fund management service to support advisors in offering a diverse range of services to their clients.
WH Ireland swings to pre-tax loss after £1.2m fine
WH Ireland, a UK-based provider of private wealth management services, has reported a pre-tax loss of £0.3m for the year ended November 2015 compared to a pre-tax profit of £0.5m in 2014 as a £1.2m fine from the UK regulator more than wiped out its profits.
Fiera Capital purchases Apex Capital Management for $145m
Canadian asset manager Fiera Capital has agreed to acquire US-based private investment firm Apex Capital Management through its wholly-owned subsidiary Fiera US Holding for $145m.
Credit Suisse names new CEO for Russia
Credit Suisse has named Dmitri Kushaev as new CEO for Russia, replacing Steven Hellman – who has stepped down to pursue other opportunities.
Praemium opens new representative office in Dubai
Australian wealth management firm Praemium has expanded its presence in Middle East by opening a new representative office in Dubai.
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US fines Gibraltar Private Bank and Trust $4m for anti-money laundering violations
Coral Gables-based Gibraltar Private Bank and Trust has been fined $4m by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for failing to report activities consistent with money laundering.
Jupiter Fund Managements AuM rises by 12% in 2015
Jupiter Fund Management’s total assets under management (AuM) rose to £35.7bn during the year ended 31 December 2015, up 12% compared with £31.9bn a year ago due to net inflows and market appreciation across the year.
PIMCO UK wealth management and EMEA ETF head quits
PIMCO’s head of UK global wealth management and EMEA exchange-traded fund businesses Mike Trovato has stepped down from the role after a spell of 15 years.
RWC converts Asian fund into UCITS long/short strategy
UK-based investment manager RWC Partners has converted its Asia long/short strategy into an Ucits fund in a move to expand its Asian equities offering for UK investors.
Barclays to exit African business
British bank Barclays is planning to close its African operations to refocus the bank on its UK and US operations.