All articles by Verdict Staff
Verdict Staff
Consortium of Japanese, Hong Kong banks create new wealth management firm
A consortium of ten Japanese and Hong Kong financial services companies have set up a new wealth management bank in Hong Kong.
Sun Life Financial completes purchase of Ryan Labs Asset Management
Sun Life Financial has completed the acquisition of New York City-based Ryan Labs Asset Management, which specializes in liability driven investing (LDI) and total return fixed income strategies for institutional clients across US.
Financial planner AFH buys Clarendon Financial
Financial planning firm AFH Financial Group has acquired Nottingham-based independent financial adviser (IFA) Clarendon Financial Solutions in a deal valued at £461,100.
Ex-UBS executive pleads guilty in US tax evasion case
Former UBS banker Hansruedi Schumacher has pleaded guilty to a conspiracy charge in a US tax evasion case.
Despite controlling $14trn in wealth, American women still have challenges to overcome: BMO
Women currently control 51%, or $14trn, of personal wealth in the US and are expected to control $22trn by 2020, according to a report by the BMO Wealth Institute that examines the professional and personal strides women have made in the last 50 years.
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Chiles Moneda Asset Management mulls 25% stake sale
Chile’s Moneda Asset Management is reportedly planning to sell as much as 25% of the company to an international player.
Worldwide investment fund assets reach all-time high at EUR28tn in Q4: EFAMA
Investment fund assets worldwide stood at a new all-time high of EUR28.29tn at end 2014, reflecting growth of 3.9% during the fourth quarter and 18.9% since end 2013, according to a report by the European Fund and Asset Management Association (EFAMA).
Tavistock Investments snaps up Cornerstone Asset Holdings
Consolidator Tavistock Investments has bought the entire issued share capital of Cornerstone Asset Holdings.
UBP looking to grow partnerships in Asia
Swiss private banking firm UBP is reportedly eyeing partnerships with Asian firms for both its private banking and asset management businesses following its agreement to buy Coutts International.
Citigroup eyeing 10% rise in Asian wealth-management assets-report
Citigroup is reportedly eyeing a 10% increase in its Asian wealth assets under management in 2015 to target the region’s increased number of millionaires.