All articles by Verdict Staff
Verdict Staff
General Atlantic to acquire 21.6% interest in IIFL Wealth
Private equity firm General Atlantic has agreed to acquire a 21.61% interest in IIFL Wealth Management, the wealth management subsidiary of IIFL Holdings (formerly India Infoline) for INR11.2bn ($172.4m).
EBA signs memorandum of cooperation with six south-eastern European supervisors
The European Banking Authority (EBA) has inked a memorandum of cooperation with supervisory authorities in six south-eastern European (SEE) countries, establishing a framework for cooperation and information exchange.
CI Financial to buy 100% ownership of First Asset Capital
CI Financial, a Canada-based wealth management firm, has agreed to purchase 100% ownership of First Asset Capital, an investment firm with nearly $3bn in assets under management.
Sanlam Private Wealth names new UK CEO
Sanlam Private Wealth, part of South African insurer Sanlam Group, has named Jonathan Polin as new UK chief executive, subject to FCA approval.
Rathbone net income up 13% in Q3
British wealth manager Rathbone Brothers has posted a net income of £55.6m for the third quarter ended 30 September 2015, up 13.5% from £49m in the year ago quarter.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Nomura names new CIO of wealth management Asia ex-Japan
Japanese banking giant Nomura Holdings has named Johnny Heng as new chief investment officer (CIO) for wealth management, Asia ex-Japan.
Fiserv, InvestEdge collaborate to enhance wealth management firms’ reporting capabilities
Fiserv, a provider of financial services technology solutions, has partnered with InvestEdge, a Bala Cynwyd, Pennsylvania-based provider of integrated wealth management platforms, to deliver access to an array of data management and customized reporting solutions to advisory firms and investors that run managed account portfolios on the Unified Wealth Platform from Fiserv.
Old Mutual Wealth selects Eagle Investment to meet Solvency II requirements
UK-based Old Mutual Wealth has selected Eagle Investment Systems’s enterprise data management solution Eagle ACCESSS to support its Solvency II compliance programme.
Barclays Wealth and Investment bolsters presence across north of UK
Barclays Wealth and Investment Management (W&IM) has expanded its presence across the North region with a number of new hires in Manchester, Liverpool and Leeds.
Value Partners receives QDLP license to expand private fund business in China
Value Partners Fund Management (Shanghai), a wholly foreign-owned enterprise (WFOE) of Value Partners Group, has received a qualified domestic limited partner (QDLP) license from the Shanghai Municipal Government Financial Services Office to expand cross-border private fund business in China.