All articles by Verdict Staff
Verdict Staff
Baring Asset Management rolls out new strategic bond fund
Baring Asset Management has converted the Baring Global Bond Trust into the Baring Strategic Bond Fund, which will be a more flexible fixed income product.
UBS to rationalize wealth-management operations in Russia-report
Swiss private banking giant UBS has reportedly decided to shrink its wealth-management business in Moscow.
D. E. Shaw, Blackstone launch new technology company Arcesium
The D. E. Shaw group, an investment and technology development firm, and Blackstone Alternative Asset Management (BAAM) have launched Arcesium, a new technology company that will provide asset managers with software and service solutions for their post-trade activities.
Lebenthal Asset Management acquires interest in AH Lisanti Capital Growth
Lebenthal Asset Management [LAM], the asset management division of Lebenthal Holdings, has acquired a minority stake in AH Lisanti Capital Growth, a New York-based woman-owned SEC-registered investment advisor.
Pre-tax profits up 29% at Barclays’ division that contains wealth business
Barclays’s Personal and Corporate Banking unit, which also contains wealth business, has posted pre-tax profit of £2.88bn for the year ended 31 December 2014, a surge of 29% versus £2.23bn a year ago.
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Abacus Wealth Partners, Aspiriant join forces to form joint venture
American independent wealth management firms Abacus Wealth Partners and Aspiriant have entered into a new joint venture, Align, which will offer philanthropic strategy and impact investment portfolios to clients and their financial advisors.
Morgan Stanleys wealth management strategy head to retire
The strategy head of Morgan Stanleys wealth management arm, Doug Ketterer, is set to retire.
IoD calls for review of corporate governance at UK fund managers
The Institute of Directors (IoD) has called for a review into the British fund management sector, as part of a broader initiative to enhance corporate governance at UK firms.
Citigroup relocating private bankers to Dubai
Citigroup is relocating private bankers to Dubai and is expected to increase hiring amidst rising private wealth in the region.
Standard Chartered to cut bonuses by 9%
British lender Standard Chartered has reportedly decided to cut its bonuses by a smaller percentage than its decline in profits.