All articles by Verdict Staff
Verdict Staff
PMAM enters private global market with diversified bond fund
Penn Mutual Asset Management (PMAM), which has nearly $20bn in assets under management, has forayed into private global market by launching its Global Unconstrained Bond Fund.
BNP Paribas Securities Services appoints new head of APAC operations
BNP Paribas Securities Services has appointed Philippe Benoit as head of its Asia Pacific (APAC) region, effective 1 January 2016.
OppenheimerFunds names new head of operations
OppenheimerFunds, an international asset manager, has appointed Kirk Reid as its new head of operations.
Stifel Financial closes takeover of Eaton Partners
Stifel Financial, a US-based financial services holding company, has completed the takeover of Eaton Partners, a global fund placement and advisory firm.
Beechwood completes Old Mutual Bermuda acquisition
Beechwood Bermuda, a provider of international investment plans, has wrapped up its acquisition of Old Mutual Bermuda, a provider of insurance and investment products with over $1bn in assets, which closed for new business in 2009.
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Swiss banks Lombard Odier, DZ Privatbank reach deal with US to settle tax evasion case
Swiss banks Bank Lombard Odier & Co Ltd (Lombard Odier) and DZ Privatbank (Schweiz) (DZ Privatbank) have reached resolutions with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
China Everbright launches new multi-strategy alternative investment fund
China Everbright, a financial services firm in asset management, direct investment, brokerage and investment banking, has launched a new multi-strategy alternative investment fund (FoF Fund).
MB Financial Bank completes MSA Holdings acquisition
MB Financial Bank, a wholly owned subsidiary of MB Financial, has completed the acquisition of MSA Holdings, a parent company of MainStreet Investment Advisors and Cambium Asset Management.
Citi Private Bank: Europe outlook 2016
Jeffrey Sacks, EMEA Capital Markets Strategist and Kris Xippolitos, Global Head of Fixed Income Strategy, give their European forecasts for 2016
Three winning strategies for private banks in 2017: EY
With increased digital disruption, strong volatility and geopolitical uncertainty, 2017 can be challenging for private banks. Yet these troubled times may present private bankers with an opportunity to make themselves more relevant to HNWIs. Those who can establish their value proposition as trusted advisors may find clients clinging to them for safety. Graeme McKenzie, EY Asia-Pacific sector leader for Wealth & Asset Management, examines three strategies to achieve this status in 2017.