All articles by Verdict Staff
Verdict Staff
Las Vegas investment firm executives indicted in $1.5bn ponzi scheme
A US federal grand jury has indicted the CEO of a Las Vegas investment company MRI International and two of his former Asia-based executives in an alleged $1.5bn ponzi scheme.
Ashmore AuM shrinks $2.2bn in Q4
British fund manager Ashmore Group has said that its assets under management (AuM) declined to $58.9bn at the end of June 2015 from $61.1bn in the previous quarter.
Santander Asset Management hires global head of institutional sales
Santander Asset Management has appointed Ileana Salas as global head of institutional sales.
Vontobel adds CIC as distributor for deritrade Multi Issuer Platform in Asia Pacific
Swiss private bank Vontobel has added French banking group CIC (Crédit Industriel et Commercial) as new distributor for its deritrade Multi Issuer Platform in Asia Pacific.
Standard Life Wealth names new operations head
Standard Life Wealth has named Andy Brodie as head of operations replacing Karen Storie, who has been appointed head of business management.
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Graham Goldsmith and Stone Point Capital form Cross Ocean Partners
Former BofA Merrill Lynch executive Graham Goldsmith and Stone Point Capital have created a new asset management platform, called Cross Ocean Partners.
Wealth management industry managed $20.6 trillion in 2014: Scorpio Partnership study
The global wealth-management industry managed $20.6 trillion in investible assets on behalf of high net worth investors at the end of December 2014. The top 10 global operators collectively managed 47% of the market, with UBS controlling 9.9%, according to an annual study by London-based consulting firm Scorpio Partnership.
Bluefield Partners to open office in Shanghai
Bluefield Partners, a Hong Kong-based business development and investment consultancy, is set to open a new sales and administration center in Shanghai in the fourth quarter of 2015.
Fosun proposes offer to acquire German private bank H&A for $231m
Chinese conglomerate Fosun International has offered to acquire German private bank Hauck & Aufhäuser Privatbankiers KGaA (H&A) for EUR210m ($231m), to expand its services in Europe.
Noah partners with McKinley Capital to build a global family office solution
Noah Holdings, a wealth management services provider for HNWIs and enterprises in China, has partnered with McKinley Capital Management and Wharton School professor Raphael Amit to build global family office solutions.