All articles by Verdict Staff
Verdict Staff
Hong Kongs SFC introduces new initiatives to improve fund authorization process
Hong Kongs Securities and Futures Commission (SFC) has introduced new initiatives to further enhance the authorization process for new fund applications (Revamped Process) and for new mandatory provident funds (MPF) and pooled retirement funds (PRF).
Gottex Fund Management hires new CFO
Gottex Fund Management, a Swiss-based provider of alternative investment solutions and advisory services, has named Pierre Udriot as new chief financial officer replacing Tim Roniger.
Northern Trust selects Clearstream for third-party fund processing
Northern Trust, a provider of wealth management, asset servicing, asset management and banking services, has selected Clearstream to manage the third-party fund processing of their investment fund activities.
Standard Chartered to axe about 25% of its top brass
British banking major Standard Chartered is planning to axe about 25% or 1,000 of its senior staff globally to slash operating cost.
Old Mutual Wealth launches new retirement service
Old Mutual Wealth has introduced a new retirement service, which brings together three leading elements that transform retirement planning for financial advisors.
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Warren Averett Asset Management opens office in Atlanta
Warren Averett Asset Management, a registered investment advisory (RIA) firm advising on assets in excess of $1.7bn, has opened an office in Atlanta.
LSE to sell Russell Investments to TA Associates for $1.15bn
London Stock Exchange Group (LSE) has agreed to sell Frank Russell Companys asset management business, Russell Investments, to US private equity firm TA Associates for $1.15bn (£752m) in cash.
Equity Trustees names new CFO
Australian financial services group Equity Trustees has named Philip Gentry as its new CFO, succeeding Terry Ryan, who will quit the firm later in 2015.
Schroders expands multi-asset portfolio solutions team
Schroders has expanded its multi-asset portfolio solutions team by hiring Andrew Lim and Tara Jameson as new solutions managers.
Hargreaves Lansdown annual pre-tax profit falls 5%
Hargreaves Lansdown, a UK-based investment manager, has posted profit before tax of £199m for the year ended 30 June 2015, down 5% compared to £209.8m a year earlier.