All articles by Verdict Staff
Verdict Staff
Closed-end private real estate funds raised $20bn in capital in 2014, says Preqin
Closed-end private real estate funds that focus on debt investments have had a successful fundraising year by raising a total of $20bn in capital in 2014, higher than in any other previous year, according to Preqin.
SBI to acquire UTI Mutual Fund
State Bank of India (SBI), Indias largest public sector bank, has reportedly initiated a process to acquire UTI Mutual Fund.
DW Partners acquires management of Brevan Howard funds
DW Partners, a New York-based credit-focused multi-strategy asset manager, has taken over the management of two hedge funds previously run by Brevan Howard Capital Management, which has more than $5bn in assets.
Rathbones opens new office in Glasgow
Rathbone Investment Management has hired former Brewin Dolphin directors to open a new office in Glasgow, Scotland.
Basilica Wealth Management names new managing director
Basilica Wealth Management has hired Erik Saunders as its new managing director and senior financial advisor.
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Matterley hires new managing director
Matterley, Charles Stanleys fund division, has appointed Peter Geikie-Cobb as its new managing director.
Chicago-based private wealth management team joins Graystone Consulting
Graystone Consulting, a business of Morgan Stanley, has announced that the Stephans Van Liew and Oiler Group, an eight-member team in institutional consulting and private wealth management, has joined its offices in Chicago.
Alandsbanken to merge with Alandsbanken Asset Management
Finland-based Bank of Aland (Alandsbanken) has signed an agreement to merge with its subsidiary Alandsbanken Asset Management in the first half of this year.
Julius Baer restructures leadership team in Monaco
Julius Baer has named Alain Ucari as new CEO of its two entities in Monaco namely Bank Julius Baer (Monaco) S.A.M. and Julius Baer Wealth Management (Monaco) S.A.M, replacing Bruno Dumitrescu.
Wells Fargo Advisors snaps $365m advisory team from Morgan Stanley and UBS
Wells Fargo Advisors has snapped three advisors from Morgan Stanley and UBS Wealth Management Americas who previously managed $365m in combined client assets.