All articles by Verdict Staff
Verdict Staff
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.
Davy Private Clients UK to buy wealth manager Graham Corry Cheevers
Davy Private Clients UK, a wealth manager based in Northern Ireland, has agreed to acquire Belfast-based wealth manager Graham Corry Cheevers.
RLAM net inflows plummet 88% in Q1
Royal London Asset Management (RLAM) has reported net new external business inflows of £111m in the first quarter of 2015, a fall of 88% compared to £902m in the prior year quarter.
RBC Global Asset Management adds three new funds to its SICAV range
RBC Global Asset Management has added of the RBC Funds (Lux) – Emerging Markets Value Equity Fund, RBC Funds (Lux) – Emerging Markets Small Cap Equity Fund and RBC Funds (Lux) – European Equity Focus Fund to its Luxembourg-domiciled SICAV range, RBC Funds (Lux).
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US set to scrap non-prosecution accord with UBS
The US Justice Department is considering scrapping its agreement to not prosecute UBS for allegedly manipulating benchmark interest rates, Bloomberg has reported.
RBC poaches JPMorgan executive for client coverage in London
RBC Investor & Treasury Services has recruited Francis Jackson to manage client coverage for asset managers, pensions and sovereign wealth in London.
Former Barclays executives to form new advisory firm in Asia
Barclays’ four former Asia-based investment bankers are set to launch a new cross-border advisory firm, Reuters reported citing undisclosed sources.
JP Morgan Asset Management eyes China institutional presence
JP Morgan Asset Management is looking to base institutional sales staff in China to capitalize on opportunities directly depending on regulations, said the firms head of sovereign and institutional strategy for Asia ex-Japan Rachel Farrell.
Columbia Pacific Wealth Management buys Kibble & Prentice Private Investment Advisory Group
Columbia Pacific Wealth Management (CPWM) has acquired Kibble & Prentice Private Investment Advisory Group, both of which are comprehensive wealth management platforms based in Seattle.