All articles by Verdict Staff

Verdict Staff

BlackRock unveils new retirement income planning tool

Fund manager BlackRock has unveiled a new retirement income planning tool called CoRI, to help savers better plan their retirement savings.

SEC proposes new liquidity rules for mutual funds, ETFs

The US Securities and Exchange Commission (SEC) has proposed a new set of rules to enhance effective liquidity risk management by open-end funds, including mutual funds and exchange-traded funds (ETFs).

Alizz Islamic Bank selects Wolters Kluwer’s platform for asset and liability management

Oman-based Alizz Islamic Bank has selected Wolters Kluwer Financial Services’ OneSumX platform for asset and liability management (ALM).

FCA names new COO

UK’s Financial Conduct Authority (FCA) has named acting director of enforcement and market oversight Georgina Philippou as its new chief operating officer (COO).

Multifonds expands transfer agency offering

Multifonds, a developer of investment fund software, has expanded its core transfer agency (TA) solution, Multifonds Global Investor (MFGI), to meet the needs of its asset servicing clients.

Bank of the West names new head of wealth management group

Bank of the West, part of BNP Paribas’ global wealth management business, has named Pierre Ramadier as new head of the wealth management group, effective January 2016.

Aberdeen Asset Management wins licence to operate in China

Britain’s Aberdeen Asset Management has received business licence from the State Administration of Industry & Commerce in Shanghai to operate in China.

Emirates NBD plans to open Islamic bank in Indonesia

UAE-based banking group Emirates NBD is planning to set up a new Islamic banking subsidiary in Indonesia to tap underdeveloped financial sector in the world’s most populated Muslim-majority country.

Bennelong Funds selects RBC Investor & Treasury Services as custodian

Australia-based Bennelong Funds Management has selected RBC Investor & Treasury Services as its custodian and administrator.

HSBC Bank Middle East to move head office to Dubai from Jersey

HSBC Bank Middle East (HBME) has said that it intends to transfer its place of incorporation and head office to the Dubai International Financial Centre in 2016.