All articles by Verdict Staff
Verdict Staff
KKR partners with China Orient Asset to explore opportunities in China
Investment firm KKR & Co has entered into a strategic partnership with China Orient Asset Management (COAMI) and China Orient Summit Capital (COS-Capital) to co-invest in credit and distressed opportunities in the Chinese market.
BNY Mellon Q4 net income surges to $637m
The Bank of New York Mellon (BNY Mellon) has posted a fourth quarter net income applicable to common shareholders of $637m, a surge of 207% compared to $209m a year ago.
Merrill Lynch appoints new international wealth strategist
Merrill Lynch has hired Fabio Concesi as new international wealth strategist within its s Strategic Wealth Advisory Group in Miami.
Legg Mason to merge Permal hedge fund platform with EnTrust Capital
American asset manager Legg Mason has agreed to merge its Permal hedge fund platform with EnTrust Capital, a New York based asset manager with $12bn in assets under management.
a.s.r. to buy asset manager BNG Vermogensbeheer from BNG Bank
Dutch insurance company a.s.r. has agreed to acquire BNG Vermogensbeheer, an asset manager with a portfolio valued at nearly EUR5bn, from BNG Bank for an undisclosed sum.
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Legg Mason to buy 83% stake in Clarion Partners
Legg Mason, a US-based investment management firm, has agreed to purchase a 83% stake in Clarion Partners, a New York-based real estate investment firm, in a deal worth $585m.
Abbot Downing appoints new senior MD of family office services
Abbot Downing, part of Wells Fargos Wealth and Investment Management group, has named Joe Freeman to a newly created role as senior managing director of family office services.
HSBC Global Asset Management appoints UK institutional head
HSBC Global Asset Management has appointed Adrian Gordon as new UK institutional head, replacing Stuart White.
Lombard Odier: PBOC suspends new offshore product sales
The Peoples Bank of China (PBOC) has suspended new offshore product sales, according to Lombard Odier.
Raymond James’ private client group Q1 pretax income down 25%
The private client group of Raymond James Financial has reported a pre-tax income of $69.1m for the fiscal first quarter ended 31 December 2015, a decrease of 25% compared to $92.7m in the prior year quarter.