All articles by Verdict Staff
Verdict Staff
DBS Group to wind down Islamic banking arm
Singaporean lender DBS Group is set to wind down its Singapore-based Islamic banking joint venture after it failed to achieve economies of scale.
Aberdeen Asset Management to acquire Advance Emerging Capital
Aberdeen Asset Management has agreed to purchase 100% stake in Advance Emerging Capital (AEC), a London-based investment manager.
Standard Bank names new CFO
South Africa-based Standard Bank has named Jonathan Peake as its new chief financial officer (CFO), replacing Will Thorp.
First Foundation opens wealth management office in Northern California
First Foundation, a financial services firm providing investment management, wealth planning, trust and banking services to HNWIs and businesses, has opened a new wealth management office in Oakland, Northern California.
Lowes Financial partners with Societe Generale, Mariana to launch structured product
Lowes Financial Management has teamed up with Societe Generale and Mariana Capital to launch a new structured product based on the FTSE-100 index.
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Jadwa Investment inks distribution agreement with Allfunds Bank
Jadwa Investment, a Saudi Arabia-based investment management and advisory firm, has signed a distribution deal with Allfunds Bank (AFB), a Spain-based mutual fund platform, to launch shariah-compliant mutual funds to international investors across AFB’s global platform.
BMO Global Asset Management hires new sales head for Spain
BMO Global Asset Management, a unit of unit of Bank of Montreal (BMO), has hired Luis Martín Hoyos as head of sales, Spain.
ICBC Credit Suisse names international sales and client relationships head
ICBC Credit Suisse Asset Management International, a JV between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse, has appointed Elvin Yu as new head of international sales and client relationships.
Calamos Investments to acquire Phineus Partners
Calamos Investments, a US-based investment management firm, has agreed to acquire Phineus Partners, an alternative asset specialist based in San Francisco.
PwC snaps up Ellis Financial Systems
PricewaterhouseCoopers (PwC) has purchased Ellis Financial Systems, a UK-based software company, in a move to support financial services firms meet new tax information reporting rules coming into force.