All articles by Verdict Staff

Verdict Staff

ING IM hires convertible bond team from Avoca

ING Investment Management (ING IM) has appointed the convertible bond team from Avoca Convertible Bond Partners in a move to expand its convertible bond investment capabilities.

US extends Standard Chartered’s deferred prosecution agreement by three years

The US has extended Standard Chartered’s deferred prosecution agreements (DPA’s) by another three years until 10 December 2017 to ensure that it complies with sanctions laws.

U.S. Bank expands private client reserve team

U.S. Bank, a unit of U.S. Bancorp, has expanded its private client reserve unit by appointing John Briggs as a new wealth management consultant and an entertainment industry specialist.

Vontobel to operate asset management arm as independent legal entity

Vontobel Asset Management, a part of Bank Vontobel, is planning to operate itself as an independent legal entity and as a wholly-owned subsidiary of Vontobel Holding.

Labuan, Gibraltar financial regulators sign cooperation agreement

The Labuan Financial Services Authority (Labuan FSA) has signed a memorandum of understanding (MoU) with Gibraltar Financial Services Commission (Gibraltar FSC) for mutual cooperation and exchange of information in the financial services sector.

Wells Fargo Advisors taps $463m advisory team from UBS

Wells Fargo Advisors has lured a team of three financial advisors from UBS’s wealth management unit that managed US$463m in client assets.

T Rowe Price hires new head of intermediary relationship management in UK

The Baltimore-headquartered investment firm T. Rowe Price has appointed John Yule as head of intermediary relationship management for UK and Ireland.

CIBC eyes acquisition of Frank Russell’s asset-management unit – report

Canadian Imperial Bank of Commerce (CIBC) is reportedly mulling a bid for Frank Russell Co’s asset-management unit, a business which London Stock Exchange Group (LSE) is planning to sell in early 2015.

Volatility will press investors to consider hedging against downside risk: BlackRock

The return of volatility will make it vital for investors to consider hedging against downside risk and cut back on ‘me too’ investments in 2015, according to the BlackRock Investment Institute’s 2015 Investment Outlook.

PwC denies selling tax avoidance on ‘industrial scale’

PricewaterhouseCoopers (PwC) has refuted the allegations that it indulged in ‘mass marketing’ tax avoidance schemes to companies after a leak of hundreds of Luxembourg tax rulings.