All articles by Verdict Staff
Verdict Staff
SEC fines Taberna Capital $21m for improperly retaining fees
The Securities and Exchange Commission (SEC) has charged Taberna Capital Management, an investment advisory firm in Philadelphia, for fraudulently retaining fees belonging to collateralized debt obligation (CDO) clients.
BNY Mellon IM Asia-Pacific CEO to step down
BNY Mellon Investment Managements (BNY Mellon IM) Asia-Pacific CEO Alan Harden is set to step down from the firm by end of 2015 after a spell of five years to spend time with his family, said Mitchell Harris president of BNY Mellon IM.
Celestial Wealth merges with Armstrong Dixon to form new hybrid RIA
US-based Celestial Wealth Management has merged with Armstrong Dixon, an investment advisory firm, to form a new company called ADE LLC.
Tilney Bestinvest bolsters financial planning team with four new hires
Tilney Bestinvest, a UK-based investment and financial planning firm, has expanded its financial planning capabilities by hiring four new financial planners.
Avaloq launches Avaloq Software Exchange
Avaloq has launched Avaloq Software Exchange to boost innovation in the Avaloq Community, which consists of nearly 150 banks and wealth managers managing assets worth $3.9 trillion.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Wealth manager Archford Capital buys Deschaine & Company
Wealth management firm Archford Capital Strategies has purchased Deschaine & Company, an investment management firm led by Marnie Deschaine and her late husband Mark Deschaine, for an undisclosed sum.
UBS to pay investors $2.9m for losses related to Puerto Ricos municipal bonds
UBS’ wealth management unit was ordered by a FINRA arbitration panel to pay over $2.9m to two investors for losses tied to the sale of Puerto Rico municipal bonds.
Vontobel launches structured products business in Finland
Swiss asset and wealth manager Vontobel has launched its structured products business in Finland for both private and institutional clients.
HSBC’s Argentine arm told to remove CEO
Argentina’s central bank has asked HSBCs local unit to remove its chief executive and president Gabriel Martino within 24 hours, arguing that the bank failed to establish necessary controls to curb tax evasion and money laundering.
Jupiter Asset Management expands sales team in Singapore
UK-based Jupiter Asset Management has expanded its sales team in Singapore by hiring Madeline Han as new associate sales director.