All articles by Verdict Staff
Verdict Staff
Allianz Global Investors names new EMEA head
Allianz Global Investors, a UK-based asset manager, has appointed Tobias Pross as its new Europe, Middle East and Africa (EMEA) head.
BMO Private Banking introduces a first-of-its-kind service for senior HNW investors
BMO Private Banking, a part of BMO Wealth Management, has launched a new all-in-one service catered to high-net worth individuals (those with investible assets of $1 million or more) who are entering their golden years, along with their families.
IDB Bank selects FolioDynamix wealth management technology platform
IDB Bank has selected the wealth management technology platform of FolioDynamix, a provider of wealth management technology and advisory services.
UBS asked to pay $200,000 to investor for Puerto Rico fund losses
A Financial Industry Regulatory Authority (FINRA) arbitration panel has reportedly ordered Swiss banking giant UBS to pay $200,000 to an investor for losses incurred by its Puerto Rico closed-end bond funds.
FolioMetrix to merge with American Independence to create RiskX Investments
FolioMetrix is planning to merge with American Independence Financial Services (AIF) to create a new company, called RiskX Investments.
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ABN Amros private banking arm sees 70% jump in Q1 underlying profit
State-owned Dutch lender ABN Amro’s private banking arm has posted an underlying profit of EUR87m for the first quarter of 2015, up 70% compared to EUR52m a year earlier.
FINRA induces stricter penalties against fraudulent conduct
The National Adjudicatory Council’s (NAC) of Wall Street’s self-policing body Financial Industry Regulatory Authority (FINRA) has unveiled new Sanctions Guidelines introducing stricter penalties against securities brokerages and individual brokers who commit fraud or violate suitability rules.
Digital wealth management entrants are here to stay: EY
Digital wealth management firms have introduced disruptive industry changes that are here to stay, and traditional players need to act quickly to determine how to stay competitive, according to a EY report.
Guernsey funds facilitate £25bn of inward investment to the UK from global investors: KPMG
The majority of the inward investment is deployed into long-term tangible assets, including private equity, infrastructure and commercial property, according to a report by KPMG which analysed the economic benefits provided to the UK and Europe by the Guernsey funds market.
Cooper Investors extends custody contract with NAS
Australian asset manager Cooper Investors has retained NAB Asset Servicing (NAS) as custodian of its fund for another three years.