All articles by Verdict Staff
Verdict Staff
Canadian pension funds buy stake worth $338m in India’s Kotak Mahindra Bank
Canadian pension funds Canada Pension Plan Investment Board (CPPIB) and Caisse de Depot et Placement du Quebec (CDPQ) have acquired a 1.5% stake in Indian private sector lender Kotak Mahindra Bank for INR22.5bn ($338m) from the bank’s executive vice-chairman and managing director Uday Kotak.
Singapore, Abu Dhabi regulators team up to improve fintech innovation
The Monetary Authority of Singapore (MAS) and Abu Dhabi Global Market (ADGM) have signed a cooperation agreement to support growth of fintech in the two jurisdictions.
OppenheimerFunds to snap up SNW Asset Management
US-based OppenheimerFunds has agreed to acquire fixed-income specialist SNW Asset Management for an undisclosed amount.
Abu Dhabi and Portugal regulators sign cross-border cooperation agreement
Abu Dhabi Global Market (ADGM) and Portuguese securities market commission CMVM have inked a memorandum of understanding (MoU) to strengthen cross-border collaboration in financial markets.
RWC Partners appoints investment strategy head
British investment manager RWC Partners has bolstered its senior management team by appointing Arthur Grigoryants as head of investment strategy.
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OCBC Bank pilots robo-advisory platform
Singapore’s OCBC Bank has teamed up with local fintech firm WeInvest to pilot a robo-advisory service that will allow users to invest in stocks and ETFs through automated algorithm based portfolio management advice.
Fund Channel opens office in Singapore
Fund Channel, a Luxembourg-based cross-border fund distribution platform, has extended its presence in Asia by opening a subsidiary in Singapore.
GIC, Hellman & Friedman to buy Allfunds Bank
Singapore’s sovereign wealth fund GIC and affiliates of private equity investor Hellman & Friedman have agreed to acquire mutual fund platform Allfunds Bank from Santander, Intesa Sanpaolo, Warburg Pincus and General Atlantic.
Online wealth network Planet of finance introduces virtual marketplace
Planet of finance, a Monaco-based online wealth network, has unveiled a virtual marketplace to connect wealth managers with investors and peers.
Wealthsimple for Advisors collaborates with Forstrong Global
Wealthsimple for Advisors has partnered with Forstrong Global Asset Management to give financial advisers using its platform access to Forstrong’s investment portfolios.