All articles by Verdict Staff
Verdict Staff
Liquidity Event: Allergan and Pfizer merge in $160 bn deal
Allergan plc (formerly Actavis plc), a pharmaceutical company, and Pfizer Inc., a pharmaceutical company, have agreed to combine in a $160 bn deal.
Aviva Investors bolsters multi strategy fund range with new hires
Aviva Investors has bolstered its multi strategy (AIMS) fund range by hiring Ahmed Behdenna and Marc Semaan as new strategists.
Envestnet completes purchase of Yodlee
Envestnet, a provider of unified wealth management technology and services to financial advisors, has completed the purchase of Yodlee, a cloud-based data analytics company, for $538m.
Saint Lucia signs FATCA agreement with US
The governments of US and Saint Lucia have signed a Model IA intergovernmental agreement (IGA) to implement the Foreign Account Tax Compliance Act (FATCA).
Elian expands fund services team in Hong Kong
Elian, a provider of corporate services, fund services, private wealth and capital services, has hired Kathy Cheng as new associate director to manage its fund services team in Hong Kong.
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GAM adopts new brand design
Swiss money manger GAM has launched a new brand identity to express the common purpose of all of its teams globally.
Banque Heritage acquires assets from Banque Hottinger & Cie
Swiss private banking group Banque Heritage has completed the acquisition of a book of portfolio business from wealth manger Banque Hottinger & Cie, which is currently in insolvency.
Three Swiss banks reach deal with US over tax evasion dispute
Swiss banks BNP Paribas (Suisse) (BNPP), KBL Switzerland and Bank CIC have reached resolutions with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Walker Crips posts five-fold rise in pre-tax profit
Walker Crips Group, a UK-based wealth management firm, has reported a five-fold increase in pre-tax profit to £589,000 for the six months ended 30 September 2015, compared to £115,000 a year ago.
Australian accounting group Findex restructures to family office model
Australian financial services firm Findex has announced a major restructure to its operating model and an associated rebranding to signal this change.