All articles by Verdict Staff
Verdict Staff
PIMCO changes distribution strategy in Australia
American fund manager PIMCO has decided to internalize the distribution of its funds in Australia following a decision to sack Equity Trustees as its national distributor
Indias Axis Bank plans to accelerate offshore investment banking
Indian private sector lender Axis Bank is reportedly planning to step up offshore investment banking as part of its ambition to market bonds globally.
HSBC closes accounts of UK clients in Jersey
HSBC is shutting down all accounts in Jersey owned by UK customers, amidst growing pressure from UK tax authorities to ensure that offshore accounts are not used by banks to dodge taxes.
HSBC GAM names CEO for Japan unit
HSBC Global Asset Management (HSBC GAM) has named Patrice Conxicoeur as the new CEO of its Japan unit, effective 1 April 2015.
Macquarie hires UBS executive to head US asset management arm
Macquarie Group has hired UBS Global Asset Management’s Americas head Shawn Lytle as the new president of Delaware Investments, its asset management arm in the US.
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International community continues making major progress to end tax evasion: OECD
The Global Forum on Transparency and Exchange of Information for Tax Purposes has published nine new peer review reports, including a Phase 1 Supplementary Report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request.
Wilmington Trust opens new wealth office in New Jersey
Wilmington Trust has opened its new wealth advisory office in Cherry Hill, New Jersey, US.
Oracle Capital Group signs strategic partnership with Shanghai International Trust
Oracle Capital Group, the global independent multi-family office and wealth consultancy, has inked a strategic partnership with Shanghai International Trust, a provider of global asset and wealth management solutions for Chinese high net worth individuals (HNWIs).
Bellpenny acquires advice firm Legal & Professional Services
British advice firm Bellpenny has purchased Surrey-based IFA Legal & Professional Services for an undisclosed sum, adding £40m in funds under management to its portfolio.
Swiss bank Reyl & Cie diversifies into asset services
As part of its diversification strategy, Swiss bank Reyl & Cie has expanded its range of activities into asset services, targeting institutional clients.