All articles by Verdict Staff
Verdict Staff
Prudential in talks with Bravura to launch administrative platform in UK
Prudential is in talks with technology provider Bravura to support its administrative platform launch plans for UK.
Gibraltar Private Bank & Trust under US Attorneys Office probe
Gibraltar Private Bank & Trust is being probed by the US authority for its compliance with the Bank Secrecy Act and anti-money laundering requirements.
AXA Investment Managers names new Japan head
AXA Investment Managers (AXA IM) has appointed Francisco Arcilla as its new head of Japan, replacing Mikifumi Watanabe who is set to retire on 30 June of this year.
StanChart UAE chief resigns
British banking major Standard Chartered’s chief of UAE division, Mohsin Nathani, has resigned to take a career break.
Over half of all UHNW investors interested to invest globally: Spectrum
More than half of all ultra high net worth investors, with a net worth between $5 million and $25 million, are willing to invest globally, according to data from Spectrems Market Insights 2015.
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59% of sovereign wealth funds increase assets in 2014: Prequin
The majority of sovereign wealth funds globally have increased their assets under management to $6.31tn in March 2015 from $5.38tn in October 2013.
Banque Pictet & Cie taps Calypsos collateral management solution
Swiss private bank Banque Pictet & Cie has selected Calypso Technologys collateral management solution to consolidate collateral activities across its many businesses on a single platform.
Aging investors unprepared to transfer wealth to younger generation: J.D. Power
With an aging full service investor demographic and an anticipated enormous generational transfer of wealth on the horizon, investment firms are not asking the right questions of their clients and may be at risk of losing assets if they fail to establish relationships now with the next generation, according to the J.D. Power 2015 U.S. Full Service Investor Satisfaction Study.
Labour Party plans to end UKs non-domicile ‘tax loophole’
Britain’s opposition Labour Party has pledged to end tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if they come to power.
Taiwan releases new regulation for offshore managers
Taiwan’s Financial Supervisory Commission (FSC) has published a new bunch of laws to further regularise fund distribution for offshore asset managers.