All articles by Verdict Staff

Verdict Staff

UK tightens rules on bank bonus buy-outs

The Bank of England (BoE) has proposed new rules to tighten requirements on bonus buy-outs, in which banks compensate new employees for remuneration cancelled when they switch jobs.

BGC Partners completes merger with GFI Group

BGC Partners, a brokerage company servicing the financial and real estate markets, has completed its merger with GFI Group, a provider of trading technologies and support services to the global OTC and listed markets.

Friends Provident International creates financial adviser academy in UAE

Friends Provident International (FPI) has established a financial adviser academy in the UAE as part its strategy to add value for its distribution partners.

AXA Investment Managers gets new research head

AXA Group has named Laurence Boone as its new chief economist and AXA Investment Managers’ (AXA IM) head of research, replacing Eric Chaney who will retire in September 2016.

SS&C unveils latest version of HiPortfolio investment accounting solution

Fintech provider SS&C Technologies has rolled out the latest version of its investment accounting and asset servicing software HiPortfolio.

Aberdeen Asset Management completes Parmenion Capital acquisition

Aberdeen Asset Management has completed the acquisition of Parmenion Capital Partners, a provider of risk graded portfolios to UK financial advisors, and its sister company, Self Directed Holdings, based in Bristol.

Wealth management firm Robertson Stephens hires new MD

Robertson Stephens, a wealth advisory and investment management firm, has hired Alice Wu as new managing director and president of Asia Region for Robertson Stephens International Group.

Jefferies Wealth selects Envestnet to enhance service and product offerings

Jefferies Wealth Management has partnered with Envestnet, a provider of unified wealth management technology and services to investment advisors, to boost and streamline its wealth management business.

Mutual Trust selects Northern Trust as global custodian

Mutual Trust, an Australia-based multi-family office and wealth management firm, has selected Northern Trust to provide global custody services for a portfolio of international assets.

Invesco acquires advisor-technology provider Jemstep

Asset management firm Invesco has acquired Jemstep, an advisor-focused digital advice platform, for an undisclosed sum.