All articles by Verdict Staff
Verdict Staff
Baillie Gifford names new head of North American team
Baillie Gifford, an Edinburgh-based investment management partnership, has appointed Tom Slater as head of the North American team.
Fiducian launches new fund for impact investors
Australian financial services firm Fiducian Group has launched the Diversified Social Aspirations Fund for impact investors.
Lombard International makes two new hires to expand business in US
Lombard International, a provider of wealth structuring solutions, has made two senior hires to accelerate its growth in the US and enhance product offerings targeting family offices, private banks, and institutions.
BlackRock to buy Bank of America’s $87bn money-market fund business
Fund management giant BlackRock has agreed to buy Bank of America’s $87bn money-market fund business.
Nordea appoints new deputy head of wealth management
Swedish banking group Nordea has appointed Snorre Storset as its new deputy head of wealth management, effective immediately.
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Amundi launches IPO in France
Credit Agricole and Societe Generale have launched the initial public offering (IPO) of Amundi, their asset management joint venture set up in 2010, on the regulated market of Euronext Paris.
Institutional asset owners lost 4.6% at median in Q3: Northern Trust
Institutional asset owners lost 4.6% at the median in the third quarter of 2015, a noteworthy drop from the 0.2% median gain recorded in the second quarter, according to Northern Trust Universe data.
AJ Bell introduces low-cost guided investment service
AJ Bell, a UK-based provider of online investment platforms, has launched a low cost online guided investment service that will be available via AJ Bell Youinvest, a direct to consumer investment platform.
RBC completes City National acquisition
Royal Bank of Canada (RBC) has completed the acquisition of City National, a US-based lender which serves HNW clients.
Standard Chartered private banking arm Q3 operating income down 15%
Standard Chartered private banking arm has posted operating income of $131m for the third quarter of 2015, a decline of 15% compared with $155m a year ago.