All articles by Verdict Staff
Verdict Staff
Aviva Investors partners with Virtus to develop open-end mutual funds strategies
Aviva Investors, the global asset management business of Aviva, and Virtus Investment Partners, multi-manager asset management firm, have joined forces to develop open-end mutual funds for the US retail market.
Royal Bank of Canada to acquire City National for $5.4bn
Royal Bank of Canada (RBC) has reached an agreement to acquire City National, a US-based lender serving HNW clients, for $5.4bn as part of its efforts to expand wealth management operations abroad.
Ex-JPMorgan dealmakers launch new investment firm
Ex-JPMorgan Chase CFO Douglas Braunstein has joined forces with James Woolery, former chairman-elect at law firm Cadwalader, Wickersham & Taft, to launch a new investment management firm.
Coutts expands its Jersey trust business
Coutts has expanded its Jersey trust business by hiring David Thompson as new head of fiduciary investments at Coutts Trustees.
Dart Capital acquires Waterson Jones
Dart Capital has acquired Waterson Jones from its owner and founder Martin Jones.
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Hong Kong’s property investment posts strong recovery in 2014: Cushman & Wakefield
Hong Kong’s total investment volume of property transactions above HK$100 million increased by 18% year-on-year in 2014 to HK$86.4 billion, led by office and retail investment, according to report by Cushman & Wakefield.
Reliance Capital gets shareholders’ nod for stake sale to Sumitomo Mitsui Trust Bank
Indian financial services unit Reliance Capital has secured shareholders’ approval for its initial 2.77% stake sale in the company to Japans Sumitomo Mitsui Trust Bank (SMTB) for INR3.71bn ($58.4m).
FCA fines and bans two ex-senior executives of Martin Brokers
The Financial Conduct Authority (FCA) has fined and banned two former senior executives of interdealer broker Martin Brokers (UK) for compliance and cultural failings at the firm.
Nedbank Group loses staff at its private wealth unit: report
Nedbank Group, a South African wealth manager and part of the Old Mutual Group, reportedly said that it has lost a number of staff at its private wealth management team.
Bank of Maldives begins to roll out Islamic banking services
The Bank of Maldives (BML) has begun its phased roll out of Islamic banking services with the launch of a new Wadiah deposit product for personal customers.