All articles by Verdict Staff
Verdict Staff
NBAD plans to boost overseas wealth management business
National Bank of Abu Dhabi (NBAD) is reportedly seeking to boost its money management business overseas to tap growth in emerging markets.
Atlantic Trust expands its Wealth Strategies Group
Atlantic Trust, the US private wealth management unit of CIBC, has named Ryan Christine Coulson as new senior vice president and wealth strategist for the firm’s San Francisco and Newport Beach offices.
Westpac opens sub-branch in Shanghai free trade zone
Australias Westpac Banking Corporation has opened a new sub-branch in Shanghais free trade zone to support clients through easier investment controls and financial liberating policies.
Private real estate assets reach all-time high of $740bn, says Preqin
Preqins latest research shows the private equity real estate industry continued to grow in 2014. The aggregate assets under management of closed-end private real estate funds stands at $742bn as of June 2014, an increase of $50bn since December 2013.
Natixis Global Asset Management launches alternative mutual fund
Natixis Global Asset Management has launched an alternative mutual fund, ASG Global Macro Fund, managed by AlphaSimplex Group to pursue an absolute-return oriented, long/short strategy that employs a dynamic risk-managed approach to invest across a range of global markets.
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ICAP to merge its EBS and BrokerTec divisions
London-based broker-dealer ICAP is set to merge its foreign exchange trading platform EBS and fixed-income trading platform BrokerTec to form a new business called EBS-BrokerTec.
RLAM rolls out absolute return government bond fund
Royal London Asset Management (RLAM) has launched a UCITS-compliant OEIC, Absolute Return Government Bond Fund to focus on investors seeking absolute returns from the highly liquid G10 government bond markets.
U.S. Bank names new MD for private client group in New Mexico
U.S. Bank Wealth Management, a unit of U.S. Bancorp, has appointed Pat Dee as new managing director for the private client group in New Mexico.
UBS to form new group asset and liability division
Swiss banking major UBS will establish a new group asset and liability division to help manage risk in the bank’s new structure.
Majority of Latin Americans would like to invest internationally, says BlackRock
Latin Americans are far more optimistic and confident than the world generally when it comes to their financial future as well as their savings and investment decision-making, according to results of the latest BlackRock Global Investor Pulse survey.