All articles by Verdict Staff
Verdict Staff
Merrill Lynch fined $2.5m over compliance lapses
Bank of America’s Merrill Lynch brokerage unit has agreed to pay $2.5m to the state of Massachusetts to settle allegations that it failed to follow its own compliance rules.
Man Group rolls out two new UCITS equity funds ?
Investment firm Man Group has come up with two new UCITS-compliant equity funds targeting retail investors.
Sterling National Bank partners with Ameriprise to launch private wealth services program
Sterling National Bank, Sterling Bancorp’s principal subsidiary, has joined forces with Ameriprise Financial to roll out a new private wealth services program.
New York beats London to emerge as top finance centre
New York, London, Hong Kong, and Singapore remain the four leading global financial centres. All four centres gained points and retain their relative ranks. New York remains the top centre, though by only one point on the 1,000 point scale. Tokyo, in fifth place, is 32 points behind the leaders, according to the 17th Global Financial Centres Index (GFCI 17) published by Z/Yen Group.
Questrade Wealth Management licenses Russell Indexes for its first suite of ETFs in Canada
Questrade Wealth Management has launched its suite of Questrade Smart ETFs, its first ETFs to be launched in Canada, with the recent listing of six exchange traded funds on the Toronto Stock Exchange (TSX).
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Pictet Asset Management bolsters emerging market debt team
Pictet Asset Management has expanded its London-based emerging market debt team with the hiring of Emrah Kagitcibasi as a senior investment manager.
Brooks Macdonald adds new currency share classes to multi-asset fund range
Brooks Macdonald, an integrated wealth management group, has introduced three new currency share classes to its multi-asset fund range to grow the firms international offering.
UBS reshuffles wealth management team in US
UBS Wealth Management Americas has promoted two of its complex directors to the post of regional directors with immediate effect.
Deutsche AWM becomes first German asset manager to get RQFII licence
Deutsche Asset & Wealth Management Investment (Deutsche AWM) has become the first asset manager in Germany to secure a Renminbi Qualified Foreign Institutional Investor (RQFII) licence from the China Securities Regulatory Commission.
Degroof Asset Management Hong Kong secures asset management licence
Degroof Asset Management (HK), Banque Degroof Luxembourgs fund administration unit, has been approved an asset management licence from the Securities and Futures Commission (SFC) in Hong Kong.