All articles by Verdict Staff

Verdict Staff

Contradictions in investor behavior on balancing reward with downside risk: State Street

The pressure to perform is resulting in distinct investor contradictions in three key areas: asset allocation, market expectations, and downside risk protection strategies, according to a global research by State Street Global Advisors (SSGA).

Pimco hires new ex-Fed chairman as senior adviser

Pimco has appointed former Federal Reserve chairman Ben Bernanke in the role of a senior adviser.

AFH Financial buys Independent Financial Services

Consolidator AFH Financial Group has acquired Gloucestershire-based IFA Independent Financial Services for a maximum consideration of £4.1m.

Vontobel acquires 60% stake in TwentyFour Asset Management

Vontobel Asset Management has completed the acquisition of a 60% stake in TwentyFour Asset Management, a London based independent fixed income specialist.

Maitland hires new business development and client management head

Maitland, a global advisory, fund administration and fiduciary services firm, has appointed Scott Price as its new head of business development and client management for North America.

Alter Domus gets approval to expand depositary services in Malta

Alter Domus, a fund and corporate services provider for alternative investment funds and multinational corporations, has secured the go-ahead from the Malta Financial Services Authority serve as a depositary in Malta.

Wealthsure to apply for AFS licence cancellation

Australia’s Wealthsure is set to request for the cancellation of its Australian Financial Services (AFS) licence, following acquisition of Wealthsure Financial Services (WFS) by Sentry Group.

Study finds parents worry a large inheritance can do more harm than good: Merrill Lynch

The great transfer of intergenerational wealth now underway raises concerns in some wealthy families that it could do more harm than good for the next generation, according to a new report by Merrill Lynch’s Private Banking and Investment Group.

Lloyds Banking Q1 pre-tax profit down 11%

Lloyds Banking Group has posted a statutory profit before tax of £1.21bn for the first quarter of 2015, down 11.32% compared to £1.37bn a year ago.

ABN AMRO adopts Temenos WealthSuite for its international private banking operations

ABN AMRO, a Dutch universal banking group, has decided to adopt WealthSuite, Temenos’ integrated wealth management platform for its international private banking business.