All articles by Verdict Staff
Verdict Staff
Westpac becomes foundational bank to Australasia’s first Renminbi Hub in Sydney
Westpac has announced its position as a foundational bank to Australasia’s first renminbi (RMB) Hub in Sydney following its approval by the People’s Bank of China and The Reserve Bank of Australia in Canberra.
Abbott Bennett Group opens office in New Hampshire
US-based Abbott Bennett Group, founded by Michael Abbott and Christopher Bennett, has opened a New Hampshire office in Bedford that provides wealth management services for clients.
Arbuthnot Banking Group shifts its London headquarters to Wilson Street
Arbuthnot Banking Group has shifted its London headquarters from Ropemaker Street to Wilson Street, EC2M 2SN.
Paragon Bank launches new wealth management division
US-based Paragon Bank has established a new wealth management division called Paragon Wealth Solutions.
Fidelity Worldwide Investment rolls out new multi-asset fund
US-based Fidelity Worldwide Investment has bolstered its income-orientated fund range by launching a new Fidelity interest & dividend multi-asset fund.
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China’s central bank authorizes offshore yuan investment programme
The Peoples Bank of China (PBOC) has given the go-ahead to the Renminbi Qualified Domestic Institutional Investor (RQDII) programme.
First Commonwealth Bank names new executive vice president, wealth services
First Commonwealth Bank has appointed David Buckiso as the executive vice president, wealth services.
Madoff Trustee signs recovery agreement with Herald and Primeo Feeder funds
Irving H Picard, Securities Investor Protection Act (SIPA) Trustee for the liquidation of Bernard L Madoff Investment Securities (BLMIS), filed a motion in the US Bankruptcy Court for the Southern District of New York seeking approval of a settlement agreement with Herald Fund SPC and Primeo Fund, two feeder funds primarily invested in BLMIS.
HFFT Alternative secures AIFM licence
HFFT Alternative has secured an alternative investment fund manager (AIFM) licence from the Gibraltar Financial Services Commission to offer full AIFM services to EU as well as non-EU funds.
BNY Mellon announces leadership changes in Middle East
BNY Mellon has announced key changes to its leadership team in the United Arab Emirates and wider Middle East and Africa region.