All articles by Verdict Staff
Verdict Staff
Societe Generale acquires stake in UK trading platform
Societe Generale Prime Services has acquired a minority stake in Global Markets Exchange (GMEX) Group, a UK start-up trading platform.
Nomura restructures asset management unit
Nomura has unveiled plans to restructure its asset management unit which includes Nomura Asset Management (NAM), Nomura Funds Research and Technologies (NFR&T), and Nomura Private Equity Capital (NPEC).
Alceda extends fund administration partnership with Warburg
Luxembourg-based Alceda Fund Management has extended its strategic partnership with M.M Warburg Group under which latter will act as preferred partner for the administration and custody of Alceda’s funds.
BNY Mellon restates Q4 results to include legal costs of $598m
BNY Mellon has restated its fourth-quarter results to include an additional after-tax legal expense of $598m to resolve several legal issues such as foreign exchange-related matters.
Ant Financial to acquire 30% stake in Tebon Fund Management
Ant Financial Services Group (AFSG), the financial services affiliate of Alibaba Group, has entered into an agreement to acquire3 0% stake in Shanghai-based asset manager Tebon Fund Management.
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Guggenheim Partners starts operations in Japan
Guggenheim Partners, a global investment and advisory firm, said that its Japanese subsidiary, Guggenheim Partners Japan (GPJL), has commenced operations after receiving due regulatory approval.
Wells Fargo Private Bank continues to expand in Boston
Wells Fargo Private Bank is planning to expand its Boston office in the first half of 2015, beginning with the addition of Kevin Driscoll as financial advisor and Tom Eberhardt as senior fiduciary officer.
World events encourage institutional investors to consider investment shifts: BlackRock survey
Large institutional investors are likely to make significant shifts in asset allocation in 2015 in response to divergent market and macro-economic trends, according to a survey by BlackRock.
Investors exuberantly bullish on Europe after promise of ECB action: BofA Merrill Lynch
Global investors are significantly more positive on the outlook for Europe after the European Central Banks announcement of quantitative easing to reflate the regions economy, according to the BofA Merrill Lynch Fund Manager Survey for February.
Nedgroup Trust hires ex-Barclays director as new MD
Nedgroup Trust, a Channel Islands-based trust and corporate services business, has named Bernard Quant as new managing director.