All articles by Verdict Staff
Verdict Staff
Deutsche Bank to revamp management structure
Deutsche Bank is reportedly planning to revamp its management by removing the 19-member group executive committee, which advises the management board headed by John Cryan and co-CEO Juergen Fitschen.
Mackenzie Investments creates systematic strategies team
Mackenzie Investments has formed a new investment team, which will look to combine all of firms research insights with the portfolio construction process in the mandates it will oversee.
KDB weighs options to sell brokerage, asset management units
Korea Development Bank (KDB) is considering options to sell its stake in KDB Daewoo Securities to a Chinese group by the end of 2015.
Nearly 80% of institutional investors invest in at least one alternative asset class: Preqin
Nearly four out of five (79%) institutional investors invest in at least one alternative asset class, according to a Preqin report.
Rothschild Private Bank shuts fixed income desk in London-report
Rothschild Private Bank has shut down its bond trading team in London which focused on trading international and domestic fixed income products.
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DST Systems completes purchase of Wealth Management Systems
DST Systems, a provider of sophisticated information processing and servicing solutions, has completed the purchase of Wealth Management Systems (WMSI), a New York-based employee benefit and technology services company.
Countplus subsidiary acquires 40% stake in Hunter Financial for $2.79m
Countplus, owned by Commonwealth Bank, said that its subsidiary, Advice389, has acquired a 40% stake in a Newcastle-based financial advice practice Hunter Financial for $2.79m.
Meridian Capital Management unveils global macro hedge fund
Meridian Capital Management, a Hong Kong-based investment manager, has expanded its existing hedge fund offering by launching a new global macro hedge fund.
Rothschild Group names new UK sales head
Rothschild Group has named Andrew Blair as new head of UK sales for the groups asset management divisions.
Catella appoints new wealth management head in Luxembourg
Catella, a Sweden-based independent financial advisor and asset manager, has named Dennis Nygren as new head of wealth management in Luxembourg effective from September 2015.