All articles by Verdict Staff
Verdict Staff
BlackRock to close its macro hedge fund amid poor performance
Asset manager BlackRock is planning to shut down its global macro hedge fund, BlackRock Global Ascent fund, due to large losses and massive investor redemptions.
Wiener Privatbank to buy banking operations of Valartis Bank (Austria)
Wiener Privatbank, a private bank based in Vienna, has signed contracts of sale to acquire the banking operations of Valartis Bank (Austria) for EUR13m.
HSBC fires 150 employees in UAE
British banking giant HSBC has slashed over 150 jobs from its UAE banking operations as part of global cost reduction plan.
Neuberger Berman unveils new hybrid corporate debt fund
US-based investment manager Neuberger Berman has rolled out an Ucits strategy focusing on the non financial corporate hybrid debt asset class.
BHF Kleinwort Benson adjusted operating loss widens
BHF Kleinwort Benson Group, a Belgium-based financial services group, has registered an adjusted operating loss of EUR11.6m for the nine months ended 30 September 2015, compared to an adjusted operating loss of EUR9.8m a year ago.
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EFG International posts 4% rise in revenue-generating AuM
Swiss private bank EFG International has reported revenue-generating assets under management of CHF83.4bn at the end of October 2015, up 4% from CHF80.2bn at end of June 2015.
European Wealth buys Xcap Nominees
European Wealth Group has purchased Xcap Nominees for an undisclosed sum to boost its Manchester office.
BNP Paribas names new private wealth distribution head for North Asia
BNP Paribas Investment Partners, the asset management arm of BNP Paribas, has hired Mandy Lui as new head of private wealth distribution for North Asia, replacing Guenter Tschiderer.
Lombard International makes senior hire to expand family office market
Lombard International, a provider of wealth structuring solutions, has hired Joan Young as new senior managing director for business development to expand family office market.
Jersey signs tax information exchange agreement with Spain
Jersey and Spain have signed a tax information exchange agreement (TIEA) at the Spanish Embassy in London to combat tax evasion.