All articles by Verdict Staff
Verdict Staff
Commerzbank agrees to pay $1.45bn to settle US sanctions charges
German lender Commerzbank is set to pay $1.45bn as penalty to US authorities to settle a probe for violating economic sanctions and for money laundering charges.
Towry ups bid for Ashcourt Rowan to £120m
Towry has raised its offer for acquisition of wealth manager Ashcourt Rowan by 24% to £120m to thwart rivals bid.
Mizuho Financial to club its asset management operations-report
Japans Mizuho Financial Group is reportedly planning to merge its three asset management operations, which controls publicly offered trusts worth more than JPY 6tn ($50bn).
Kames Capital bolsters equities team
UK-based asset manager Kames Capital has appointed Allan Clarke as the new investment analyst in its equities team.
FolioDynamix adds Interactive Datas Market-Q to wealth platform
Interactive Data’s Market-Q market data solution is now available as part of the FolioDynamix wealth management platform — allowing advisors to leverage current and comprehensive information in a user-friendly format to help drive decisions.
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BlueCrest to open equity strategies hedge fund to outside investors
European hedge fund firm BlueCrest is set to open its $1bn equity hedge fund to outside investors from April.
Aberdeen to launch new equity fund in China
Aberdeen Asset Management has unveiled its plans to launch a fund investing in Chinese equities after being granted with the Chinese RQFII license.
Nedbank Private Wealth bolsters Dubai team
Nedbank Private Wealth, the offshore private bank majority-owned by South Africas Old Mutual, has bolstered its client support team in Dubai.
Bank of the West opens wealth management centre in California
Bank of the West, part of the BNP Paribas’ global wealth management business, has opened its new wealth management and banking centre in Indian Wells, California.
ABN Amro sacks six private bankers in Dubai
ABN Amro Group has fired six employees at its private banking arm in Dubai for breaching its code of conduct.