All articles by Verdict Staff
Verdict Staff
BTG Pactual net income almost doubles in Q3
Brazilian investment bank BTG Pactual has posted a net income of BRL1.5bn ($397m) for the third quarter of 2015, a surge of 96% compared to the year ago quarter.
Aviva Investors unveils two new multi-strategy funds in Singapore
Aviva Investors, the asset management business of Aviva, has unveiled two new multi-strategy funds in Singapore to target institutional investors and certain restricted categories of investors, including HNWIs.
Schroders year to date pre-tax profit up 21%
British fund manager Schroders has posted a pre-tax profit of £438.9m for nine months to 30 September 2015, a rise of 21% from £364.2m a year earlier.
Investcorp buys SSARIS Advisors hedge fund of funds arm
Investcorp, a Bahrain-based provider and manager of alternative investment products, has acquired the hedge fund of funds business of SSARIS Advisors, an investment manager of absolute return hedge fund strategies and hedge fund of funds strategies.
SMP Partners to buy RBC’s trust, custody and fund administration unit in the Caribbean
SMP Partners, an Isle of Man-based independent trust and corporate services provider, has agreed to purchase RBC’s trust, custody and fund administration businesses in the Caribbean.
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SocGens asset and wealth management arm posts 7% fall in Q3 income
The asset and wealth management business of French bank Societe Generale has reported net income of EUR62m for the third quarter of 2015, down 7% compared to EUR67m in the year ago quarter.
Old Mutual Wealth Q3 gross sales up 45%
Old Mutual Wealth said its gross sales rose by 45% to £5.5bn in the third quarter of 2015 from to £3.8bn a year ago.
Russell Investments names new fiduciary management head
Russell Investments, the asset management unit of London Stock Exchange Group, has appointed Sarah Leslie as new head of fiduciary management for the UK and Ireland.
Swiss private bank Banque Bonhote & Cie reaches deal with US to settle tax evasion case
Swiss private bank Banque Bonhote & Cie has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
ABN AMRO fined by Netherlands and Dubai regulators over irregularities
The supervisory authorities in the Netherlands and Dubai have fined ABN AMRO for serious shortcomings in the client acceptance and risk management processes, aimed at preventing money laundering at its private banking branch in Dubai.