All articles by Verdict Staff
Verdict Staff
Citigroup names new CEO of Bahrain and Islamic investment bank
Citigroup has hired Usman Ahmed as new chief executive of its Bahrain business as well as CEO of Islamic investment bank business, replacing Mazin Manna.
Divisa Capital acquires Armenia’s Laboratory of Financial Technologies
FCA-regulated Divisa Capital (Divisa UK Limited) has acquired Armenian financial services provider Laboratory of Financial Technologies, in an attempt to bolster an eastward growth.
Neuberger Berman rolls out new Asian debt fund
US-based investment manager Neuberger Berman has expanded its emerging markets debt (EMD) offering by launching a new Asian focused fixed income Ucits fund.
Swiss firm Finacor SA reaches deal with US to settle tax evasion case
Swiss firm Finacor SA has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
British banking regulators introduce new whistle-blower rules
The UKs Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have published new rules to encourage culture of whistleblowing at large financial firms in the country.
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Standard Chartered hires regional private banking head for Africa, Middle East and Europe
Standard Chartered Bank has named Ian Gibson as new regional head of private banking for Africa, Middle East and Europe, effective from mid-October 2015.
Wyoming Retirement System taps Northern Trust for global custody services
Wyoming Retirement System (WRS) has selected Northern Trust to provide global custody services for its $7.4bn assets.
Global asset management industry’s AuM to touch $102 trillion mark in 2020: PwC
Global assets under management (AuM) are set to swell to $102 trillion in 2020 and tax function will play critical role in determining front-runners in global asset management, according to a new report from PwC.
Nippon Wealth wins securities business licences in Hong Kong
Nippon Wealth (NWB), a restricted licence bank, has received securities trading and securities advisory business licences from the Securities and Futures Commission of Hong Kong.
Union Bank of India to buy KBC Assets stake in JV
Union Bank of India (UBI) has agreed to buy KBC Asset Management’s 49% stake in Union KBC Asset Management Company, the joint venture between both the firms and Union KBC Trustee company.