All articles by Verdict Staff
Verdict Staff
First Names Group bolsters Isle of Man office with senior hires
First Names Group, a trust, fund and corporate services provider, has bolstered its Isle of Man office by hiring Gary Hepburn as new chief operating officer for the Group’s private client service unit and Craig Brown as new managing director.
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.
AJ Bell buys London-based investment manager to launch a range of passive funds
AJ Bell, a UK-based provider of online investment platforms, has agreed to acquire a London-based investment management business to launch a range of low cost passive funds to advisors.
Charles Stanley total client fund up 1.3% year-on-year
British wealth management and brokerage firm Charles Stanleys total client funds stood at £20.8bn at the end of December 2015, a rise of 1.3% compared to £20.5bn a year ago.
Morningstar unveils new discretionary managed portfolios service for South African investors
Morningstar Investment Management South Africa, a provider of investment advisory and portfolio services, has unveiled a new discretionary managed portfolios service for investors in South Africa.
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Baillie Gifford opens new office in Hong Kong
Baillie Gifford, an Edinburgh-based asset management firm, has opened new marketing office in Hong Kong.
Barclays to slash over 1,000 investment bank jobs, exit cash equities unit in Asia
Barclays is planning to slash more than 1000 jobs across its investment bank globally as well as shut down its cash equities business in Asia, in a bid to slash costs and increase returns.
Investment outlook 2016: Deutsche Asset Management
It is easy to assume the investment landscape in 2016 will follow the trend of 2015. In spite of divergent approaches, the central banks are likely to remain supportive. Global growth expectations for 2016 are slightly above the 2015 figure. However the drivers of growth have changed and investors must react dynamically, writes Sean Taylor, CIO APAC, Deutsche Asset Management
Stonehage Fleming inks fund distribution deal with Gemini Investment
Multifamily office Stonehage Fleming has signed a distribution partnership with Gemini Investment Management to offer its Global Best Ideas Equity fund to retail investors.
St James’s Place net inflows up 20% in Q4
British wealth manager St. James’s Place (SJP) said its gross inflow of funds under management during the fourth quarter ended 31 December 2015 increased 20% to £2.52bn from £2.10bn in the year ago quarter.