All articles by Verdict Staff
Verdict Staff
ANZ sees 3.5% rise in Q1 profit, wealth division performs well
Australia and New Zealand Banking Group (ANZ) has reported a cash profit of A$1.79bn for the first quarter of fiscal year 2015, a rise of 3.5% compared to A$1.73bn during the same period last year.
Axa Wealth to launch new pension plan offering guaranteed income
Axa Wealth is set to launch a new pension plan that will give advisers and clients access to guaranteed minimum retirement income.
Gibbs Denley completes acquisition of Elliot Financial Management
UKs Wealth management and insurance firm Gibbs Denley has completed the acquisition of Essex-based financial adviser Elliot Financial Management.
Brooks Macdonald doubles managed portfolio service range
Specialist investment manager Brooks Macdonald Asset Management has doubled its managed portfolio service (MPS) range with the launch of five new risk-rated portfolios.
SEC announces fraud charges against purported hedge fund manager
The US Securities and Exchange Commission (SEC) has charged Moazzam “Mark” Malik, a purported hedge fund manager in New York City, with stealing money from his investors.
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Pay gap between asset managers and investment bankers dwindling fast: Study
Pay at investment banks has been falling since the financial crisis, but its been rising steadily at asset management firms for the past decade, according to a report by New Financial.
Alter Domus launches new regulatory and compliance service
Alter Domus, a Luxembourg-based provider of fund and corporate services, has unveiled a new regulatory and compliance service.
CLS Investments, Riskalyze to launch automated asset management platform
CLS Investments, a third party money manager and a manager of ETFs, has joined forces with Riskalyze, the company that invented the Risk Number, to launch AutoPilot, an automated asset management platform for financial advisors.
Manulife Financial Wealth sales up 6% in Q4
Manulife Financial, a Canada-based financial services provider, has reported wealth sales of C$13.8bn for the fourth quarter of 2014, an increase of 6% compared with the year ago quarter.
ANZ names new CEO for Australian business
Australia and New Zealand Banking Group (ANZ) has named Mark Whelan as the new CEO for its Australian operations.