All articles by Verdict Staff

Verdict Staff

Prudential expands portfolio management group with new hires

Prudential has hired Michael Coop and Ciaran Mulligan as new members to its Portfolio Management Group (PPMG), an asset management unit that manages over £155.2bn of Prudential’s investments.

Appleby announces management buyout of fiduciary business

Offshore trust giant Appleby has announced the management buyout of its fiduciary & administration business, AFB, for an undisclosed sum.

British banks face £40bn extra tax bill after Osborne’s levies

UK’s banks will have to pay £40bn in extra taxes over a decade after being hit with industry specific levies imposed by Chancellor George Osborne.

Nikko AM Australia names new private wealth head

Nikko Asset Management Australia has named Naomi Finnigan as new head of private wealth.

Enhance Group to open office in Singapore

Enhance Group, a Jersey-based provider of investment & wealth consultancy, is planning to open a new office in Singapore to tap into the growth of private wealth across Asia.

Cowen Group to acquire Concept Capital

Cowen Group, a US-based financial services firm, has agreed to acquire Concept Capital, a provider of brokerage and fund services for investment managers, hedge funds, and registered investment advisors for an undisclosed sum.

Barclays deputy chairman quits to become Worldpay chairman

Barclays’ deputy chairman Sir Mike Rake is set to step down from his role by the end of 2015 to become chairman of payments processing firm Worldpay, which was formerly owned by RBS.

Fieldpoint Private selects Wolters Kluwer’ platform for risk analysis

Fieldpoint Private has selected Wolters Kluwer Financial Services’ OneSumX Asset Liability Management (ALM) solution for risk analysis.

Emirates NBD retail, wealth arm registers marginal rise in H1 income

The Retail Banking and Wealth Management (RBWM) division of Emirates NBD has reported a total income of AED2.82bn for the first half of 2015, a marginal rise of 1.07% from AED2.79bn in the year ago half.

Thomson Reuters, Solvency II Wire launch regulatory diagnostic tool for asset managers

Thomson Reuters in partnership with Solvency II Wire has unveiled an online diagnostic tool to help asset managers and insurance assess readiness to comply with Solvency II regulatory obligations.