All articles by Verdict Staff
Verdict Staff
Burford Capital launches litigation financing business in Hong Kong
Burford Capital, a London-listed finance and professional services firm focused on law, has opened an office in Hong Kong to meet growing demand for litigation and arbitration financing in Asia.
Trident Fund Services names new global director
Trident Fund Services, a provider of corporate, fiduciary and fund administration services, has named Thalius Hecksher as new global director.
Manulifes global wealth and asset management arm sees 66% rise in AUMA in Q2
The global wealth and asset management division of Manulife Financial had assets under management and administration (AUMA) of C$475bn at the end of second quarter of 2015, a surge of 66% compared to C$286bn a year ago.
Old Mutual Wealth H1 adjusted operating profit up 26%
Old Mutual Wealth has posted an adjusted operating profit of £151m for the first half of 2015, up 26% from £120m a year ago, with strong growth in the OMGI and other UK businesses.
JPMorgans Chinese JV receives approval to in invest in overseas assets
China International Fund Management, a joint venture of JPMorgan Asset Management and Shanghai International Trust, has received Qualified Domestic Limited Partnership (QDLP) license to raise $100m in China to invest in overseas assets.
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Standard Chartered private banking unit’s H1 operating income slides
Standard Chartered private banking arm has posted operating income of $304m for the six months ended 30 June 2015, a decline of 3% compared with $314m a year ago.
ING Group Q2 net result surges 27%
Dutch banking major ING Group has reported net result of EUR1.36bn for the second quarter of 2015 including Insurance results and NN deconsolidation, up 27% compared to EUR1.06bn reported a year ago.
Karvy Private Wealth names new CEO
Karvy Private Wealth, the wealth management arm of India-based Karvy Group, has named Abhijit Bhave as its new CEO.
Magellan to launch currency hedged version of Magellan Global Equities Fund
Australian fund manager Magellan Financial is set to launch the currency hedged version of Magellan Global Equities Fund on 10 August 2015 under the ticker MHG.
Rathbone hires new investment director for Edinburgh office
Rathbone Investment Management has appointed former Brewin Dolphin divisional director Nick Liddle as an investment director in its Edinburgh office.