All articles by Verdict Staff
Verdict Staff
Azimuts Australian subsidiary to purchase Empowered Financial Partners
AZ Next Generation Advisory (AZ NGA), the Australian arm of Azimut, has agreed to acquire the entire capital of Empowered Financial Partners (EFP) for A$2.8m.
UBS Wealth creates new team to focus on trading strategies
The wealth management unit of UBS has formed a new division to focus on trading strategies.
Amundi launches Europe-focused smart beta fund
Amundi ETF has rolled out a multi smart beta ETF which will offer investors exposure to European equities.
BNP Paribas Wealth Management hires new CIO for Asia
BNP Paribas Wealth Management has hired Prashant Bhayani as new managing director and chief investment officer for Asia.
Ameriprise wealth arm posts lower Q4 pre-tax operating earnings
The advice & wealth management arm of the Ameriprise Financial has reported pre-tax operating earnings of $210m for the fourth quarter of 2015, down marginally compared with $212m a year ago.
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City National Bank hires new lead for private client services in New York
City National Bank, a US subsidiary of Royal Bank of Canada, has hired Brandon Williams to lead and expand its Private Client Services in New York, replacing Scott Witter.
Goldman Sachs to launch 13 investment funds for retail investors in Singapore
Goldman Sachs Asset Management (GSAM) is planning to launch 13 investment funds for retail investors in Singapore in the first quarter of 2016.
Hargreave Hale bolsters London team with new hire
Hargreave Hale, a UK based stockbroking and investment management firm, has expanded its London team by appointing Marcus Low as investment manager.
Turquoise, REYL Finance partner to launch Iran-focused PE fund
Turquoise Partners, an investment firm based in Iran, has joined forces with REYL Finance (MEA), a Dubai unit of Swiss-based REYL & Cie, to launch an Iran-focused private equity fund.
COMMENT: Implications of Japanese monetary easing
On 29 January, the Bank of Japan surprised financial markets by announcing a move towards negative interest rates. Joost van Leenders, chief economist of multi asset solutions at BNP Paribas Investment Partners, looks at the timing of the BoJs move, discusses the implications of the decision and concludes that the asset allocation implications are limited