All articles by Verdict Staff
Verdict Staff
Cayman National to pay $6.09m to settle tax evasion probe with US
Cayman National Corporation (CNC) has revealed that it expecting to pay KYD5m ($6.09m) in fines to the US Department of Justice (DOJ) to settle an investigation related to potential violations of US criminal law relating to tax evasion by two of its companies.
Aston Hill selects Manitou Investment as sub-advisor for Canadian equity mandate
Aston Hill Asset Management has selected Manitou Investment Management as the sub-advisor of the Aston Hill Canadian Total Return Fund, effective 1 January 2016.
Julius Baer’s Outlook: What’s in store for the markets in 2016?
Christian Gattiker, Head of Research at Julius Baer, gives his 2016 outlook
HighTower adds RDM Financial as new partner
HighTower Advisors has added Westport-based RDM Financial Group, a registered investment adviser managing $700m in client assets, as its new partner.
Downing acquires SG Wealths SGWM Managed fund
UK-based investment management firm Downing has acquired a £19m MFM SGWM Managed fund from SG Wealth.
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UAE Banks Federation become an associate member of British Bankers’ Association
The UAE Banks Federation, a professional body that represents 49 member banks operating in the UAE, has become an associate member of the British Bankers’ Association (BBA) to strengthen ties between the banking sectors in both countries.
Goldman Sachs unveils new global multi-manager alternatives fund
Goldman Sachs Asset Management (GSAM) has bolstered its range of liquid alternatives products by launching a new global multi-manager alternatives fund.
EdR Switzerland reaches deal with US to settle tax evasion case
Swiss banks Edmond de Rothschild (Suisse) and Edmond de Rothschild (Lugano), collectively called EdR Switzerland, have reached a joint resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Boston Private Bank & Trust hires new CEO
Boston Private Financial has named Clayton Deutsch as new CEO of Boston Private Bank & Trust replacing Mark Thompson, who will step down from the firm at the end of 2015.
Hong Kong regulator authorizes four China funds under mutual recognition scheme
Hong Kong’s Securities and Futures Commission (SFC) has approved the first batch of funds that can be sold via the Mainland-Hong Kong Mutual Recognition of Funds (MRF) initiative for public offering in Hong Kong.