All articles by Verdict Staff
Verdict Staff
Ace to acquire Allianz’s Firemans Fund unit for $365m
Zurich-based company Ace has inked a deal to purchase German insurer Allianz Groups Firemans Fund high net worth personal lines insurance business in the US for $365m.
RIT Capital to acquire fund manager GVO Investment Management
RIT Capital Partners, a UK-based investment firm, has agreed to buy GVO Investment Management (GVOIM), a specialist fund manager, from Swiss firm Hansa Aktiengesellschaft.
Neuberger Berman once again becomes 100% employee-owned
As it was at its founding in 1939, Neuberger Berman is once again 100% employee owned, having purchased the remaining common equity not previously owned by employees.
Standard Life Investments boosts global footprint with 10 new offices
Edinburgh-based asset manager Standard Life Investments (SLI) has opened or will open offices in New York, Los Angeles, Toronto, Munich, Tokyo, Zurich, Stockholm, Brussels, Milan and Madrid in a bid to expand its global footprint.
Institutional investors embrace real assets in search for returns and protection, says BlackRock
Institutional investors are increasingly turning to real assets to increase investment returns and manage macro-environment risks, but would rethink allocations if interest rates rose significantly, according to a new survey from BlackRock.
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DBS in talks with Societe Generale to jointly bid for Coutts International
Singapores DBS Group is, reportedly, in talks with French lender Societe Generale to jointly bid for RBSs international private-banking operations, which is up for sale.
China launches new fund for trust firms to mitigate risk
China has established an insurance fund for its $2.1trn for trust sector to mitigate financial risk in shadow banking sector, the China Banking Regulatory Commission (CBRC) said.
Janus Capital expands its Asian equity fund range
Janus Capital Group has signed a sub investment management agreement with DIAM International to launch two new Asia-focused funds and two new Japan-focused funds.
DBS looking to expand wealth management business in Indonesia – report
PT Bank DBS Indonesia (DBS Indonesia), a part of the Singapore-based DBS Group, is reportedly planning to expand its wealth management business next year by launching a new currency linked investment product.
ASIC bans Monarch FX Group and its director for four years
The Australian Securities and Investments Commission (ASIC) has barred the foreign exchange (FX) business, Monarch FX Group and its former director and general manager, Quinten Hunter, from carrying on a financial services business for four years.