All articles by Verdict Staff
Verdict Staff
Investment Association seeks to raise standards for asset managers: report
The Investment Association, which represents UK asset managers that manage £5tn on behalf of investors, is reportedly planning to raise standards for poorly run asset management groups over the next few months.
RBC hires JPMorgan to sell Swiss wealth management business
Royal Bank of Canada (RBC) has appointed JPMorgan to help sell RBC Suisse, its Swiss wealth management business.
Goldman Sachs set to exit Indian mutual fund business
Goldman Sachs is in talks with WisdomTree, a US-based exchange-traded fund asset manager, to sell its Indian mutual fund business for about INR1.2bn ($18.98m).
MSCI’s top shareholders call for company split
The top shareholders of MSCI, a US-based provider of equity, fixed income, and hedge fund stock market indexes, have asked the company to split the company and put its stock market indices business on the auction block, according to The Financial Times.
Credit Suisse Milan offices searched by Italian tax police
Swiss banking giant Credit Suisse has confirmed that Italian tax police have raided it Milan offices last month as part of a probe into whether subsidiaries of the bank aided wealthy Italians hide undeclared cash.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
RBC Wealth Management names new distribution head for its international arm
RBC Wealth Management has named Antony Johnson as new head of distribution for its international unit, effective March 2015.
HSBC Hong Kong CEO to step down
HSBC’s chief executive for Hong Kong Anita Fung plans to step down next month following a management restructure in China.
Lighthouse teams up with Money on Toast to launch new online advice service
British financial adviser Lighthouse Group has teamed up with investment manager Money on Toast to launch a new simplified low cost online advice service on Isa and general investment account planning.
Fidelity adds new external managers to open funds platform
Fidelity Worldwide Investment (FWI) has added Aberdeen Asset Management, First State Investments and Investec Asset Management to its open funds platform, FundsNetwork.
HSBCs Argentine offices raided in tax evasion probe
Argentine tax agency AFIP has raided HSBC’s Buenos Aires offices as part of an investigation into its role in aiding over 4,000 locals dodge taxes by hiding their money in secret Swiss bank accounts.