All articles by Verdict Staff
Verdict Staff
BNY Mellon, Deutsche AWM complete real estate fund administration outsourcing deal
BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (Deutsche AWM) to provide real estate and infrastructure fund administration services, representing roughly $46.3bn in assets under administration.
ICBC buys controlling stake in Standard Bank for $690m
The Industrial and Commercial Bank of China (ICBC) has acquired a 60% stake in Standard Bank, the London-based global markets business of South African lender Standard Bank Group.
Fidelity Investments buys eMoney Advisor
Fidelity Investments has agreed to acquire wealth planning software firm eMoney Advisor.
Integration planning helps drive value in financial services M&A: EY
Financial services organizations are increasingly using pre-signing integration plans to create value out of a deal and appease shareholders, investors and regulators, according to EY’s Striking the right chord: M&A integration in financial services.
Towry agrees to buy Ashcourt Rowan for £97m
Towry Finance, owned by private equity firm Palamon Capital Partners, has agreed to buy wealth manager Ashcourt Rowan in a deal worth £97m.
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Global HNW clients’ financial activity hits all-time high: CEB
High-Net-Worth (HNW) clients worldwide are managing their finances at the highest levels since 2011, according to CEB, an advisory company.
Legg Mason Q3 net income drops
Legg Mason has reported net income of $77m for the third quarter of fiscal year 2015, compared with $81.7m in the year ago quarter.
UK asset managers fail to Walk the Talk on stewardship, says ShareAction
Some of the world’s best-known asset managers have been exposed for failing to walk the talk on stewardship and responsible investment in an independent report published by investment sector watchdog, ShareAction.
Novia to target ex-pats with offshore platform
Novia, a UK-based Wrap platform, is planning to launch an offshore platform to target expatriate markets.
Morningstar names new director of UK intermediary sales
Morningstar Investment Management group, a unit of Morningstar, has appointed Mark Watson as director of UK intermediary sales for the Morningstar OBSR Managed Portfolios service, a discretionary managed portfolios service for the UK advisor market.