All articles by Verdict Staff
Verdict Staff
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.
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.
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Fosun withdraws bid for BHF Kleinwort Benson
Chinese conglomerate Fosun International has withdrawn its voluntary and conditional public takeover bid in cash for wealth management group BHF Kleinwort Benson (BHF KB), according to the Belgian Financial Services and Markets Authority (FSMA).
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.
Nomura agrees to acquire 41% stake in American Century Investments
Japanese banking giant Nomura has signed an agreement with American Century Investments and CIBC to purchase a non-controlling 41% stake in American Century.