All articles by Verdict Staff
Verdict Staff
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.
Natixis Global Asset Management rolls out new dynamic global asset allocation fund
Natixis Global Asset Management has rolled out a new global asset allocation mutual fund aimed to deliver long-term capital appreciation to investors.
FINRA fines Barclays Capital more than $10m over mutual fund failures
The US Financial Industry Regulatory Authority (FINRA) has censured and fined Barclays Capital more than $10m to settle claims over suitability violations related to an array of mutual fund transactions including mutual fund switches.
ALPS to buy Kaufman Rossin Fund Services
ALPS, a subsidiary of DST Systems, has agreed to acquire hedge fund administrator Kaufman Rossin Fund Services for $95m.
K&L Gates bolsters investment management practice with new hire
Law firm K&L Gates has bolstered its investment management, hedge funds and alternative investment practice by hiring Todd Betke as ninth new partner for its Washington, D.C., office.
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WisdomTree unveils two new dynamic US equity funds
Exchange traded fund provider WisdomTree has unveiled new WisdomTree Dynamic Long/Short U.S. Equity Fund (DYLS) and WisdomTree Dynamic Bearish U.S. Equity Fund (DYB) on the BATS Exchange.
Asset manager ICG buys Graphite Capital’s private equity funds investment business
UK-based specialist asset manager Intermediate Capital Group (ICG) has acquired the private equity funds investment business of Graphite Capital Management for £20m.
Senior People Moves: December
This month the departure of the global head of private banking at Standard Chartered, Michael Benz, was announced, to be replaced by Didier von Daeniken, head of private banking, Asia Pacific, Middle East and Africa. Here are all the people moves that recently made news
Swiss bank BC Vaudoise reaches tax evasion deal with US
Swiss bank Banque Cantonale Vaudoise (BC Vaudoise) has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Turkeys Tacirler selects Intellect to digitize wealth and treasury operations
Tacirler Investment, the Turkey-based investment firm, has selected India-based banking technology provider Intellect Design Arenas investment banking product suite to digitize its brokerage, wealth, and treasury operations.