All articles by Verdict Staff
Verdict Staff
PGI to launch a wholly owned foreign entity in China, boost headcount in Asia
US-based asset manager Principal Global Investors (PGI) is reportedly seeking to apply for a wholly foreign-owned enterprise (WFOE) license in China by the end of 2015.
RBC GAM becomes signatory to UN-backed principles for responsible investment
RBC Global Asset Management (RBC GAM) has become a signatory to the United Nations-backed Principles for Responsible Investment (UN PRI), underlining its commitment to incorporating environmental, social and governance (ESG) issues into its investment practices and ownership policies.
Pengana Capital signs distribution deal with PanAgora Asset Management
Australian funds manager Pengana Capital has signed a distribution agreement with US quantitative manager PanAgora Asset Management to stregthen its investment solutions with a suite of quantitative offerings.
UKs millionaire count jumps by 41% to 715000 over five years
The Barclays UK Prosperity Map shows that the population of millionaires in the UK has shot up by 41% to 715,000 from 508,000 in 2010, with London having the highest concentration of wealthy individuals.
UBS GAM rolls out two new alternative beta passive funds
UBS Global Asset Management (UBS GAM) has rolled out two new alternative beta passive funds initially for institutional investors.
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Lombard Odier H1 net profit up 12%
Swiss private bank Lombard Odier has posted a consolidated net profit of CHF70m for the first half of 2015, up 12% compared with CHF62.5m the year ago half.
German financial watchdog approves Oddo’s acquisition of Meriten Investment
German financial regulator BaFin has approved the acquisition of Meriten Investment Management by French asset manager Oddo & Cie, creating an asset manager that will manage assets worth EUR45bn.
MB Financial buys JPMorgans Illinois guardianship and special needs trust business
MB Financial Bank has completed the purchase of the Illinois court-appointed guardianship and special needs trust business of JPMorgan Chase, said Mitchell Feiger, president and CEO of MB Financial.
Axa puts UK wealth management business on block
French insurer Axa has put some of its UK businesses, including Axa Wealth up for sale as they have been struggling to make their mark in a tough market.
Enhance Group opens new office in Singapore
Enhance Group, a Jersey-based provider of investment & wealth consultancy, has opened its new office in Singapore, based at the Hong Leong Finance Building in the central business district.