All articles by Verdict Staff
Verdict Staff
Charles Stanley hires new intermediary distribution head
Wealth manager Charles Stanley has named Mark Pittaccio as new head of intermediary distribution.
Morningstar to buy portfolio rebalancing platform Total Rebalance Expert
Investment research firm Morningstar has agreed to purchase Total Rebalance Expert (tRx), an automated, tax-efficient investment portfolio rebalancing platform for financial advisors, from FNA.
Swiss firm Schaffhauser Kantonalbank reaches tax evasion deal with US DoJ
Switzerland bank Schaffhauser Kantonalbank (SHKB) has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Lynx Asset selects HSBC for administration and global transfer agency services
Sweden-based Lynx Asset Management has selected HSBC Securities Services (HSS) to provide administration and global transfer agency services to its two Swedish onshore fund vehicles, which have nearly $1bn in assets under management.
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.
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Dressander|BHC enters into strategic partnership with Horter Investment
Financial marketing organization Dressander|BHC has entered into a strategic alliance with Horter Investment Management, to help independent advisors create stronger and more successful practices.
Harcourt rolls out alternative leaders fund in SICAV-SIF format
Harcourt, the alternative investment brand of Vontobel Asset Management, has launched the Harcourt Alternative Leaders Fund, a strategy- focused fund of hedge funds strategy, in a SICAV-SIF format.
Blackstone to pay $39m to settle SEC charges over fee disclosure failures
US buyout firm Blackstone Group has agreed to pay about $39m to Securities and Exchange Commission (SEC) for failing to disclose all the fees arrangements to investors.
AxiomSL forms IFRS 9 partnership with AlgoSave
AxiomSL, a provider of regulatory reporting and risk management solutions, has partnered with AlgoSave, a provider of credit modelling products, to meet the challenges presented by International Financial Reporting Standard 9 (IFRS 9).
Standard Chartered Bank launches new office in Malaysia
Standard Chartered Bank has launched the new Global Collective Intelligence and Command Centre at Technology Park Malaysia, which has been designed to develop new technology to improve banking services.