All articles by Verdict Staff
Verdict Staff
Taiwan’s new rules around depositary receipts could open door to increased foreign investment: BNY Mellon
Taiwan’s Financial Supervisory Commission’s announcement to amend its regulations to allow over-the-counter non-capital-raising Depositary Receipt programmes could make investing in Taiwanese companies more accessible for global investors and may encourage increased foreign investment into Taiwan, says BNY Mellon.
Bank of America sets aside $400m to cover litigation costs
Bank of America has slashed its reported profit by $400m to cover litigation costs related to a regulatory inquiry into the bank’s foreign exchange business.
Direct trade processing established between Envestnet | Tamarac and Schwab openview gateway
Envestnet | Tamarac has streamlined trade processing as part of its ongoing integration efforts with Schwab OpenView Gateway.
Royal London AM nine-month net new external business up 11%
Royal London Asset Management has reported net new external business of £1.62bn for the nine months ending 30 September 2014, an increase of 11% compared to £1.45bn as at September 2013.
Multifamily office Fleming Family & Partners to merge with Stonehage
UK-based multifamily office Fleming Family & Partners (FF&P) has agreed to merge with Stonehage to form a new independent multi-family office (MFO) wealth manager in Europe, the Middle East and Africa.
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340 global firms brokered secret tax deals with Luxembourg: ICIJ
Nearly 340 international companies including financial giants UBS, Deutsche Bank, and Credit Suisse signed secret tax deals with Luxembourg, leaked documents obtained by the International Consortium of Investigative Journalists show.
Bessemer Trust appoints new principal, head of estate administration and fiduciary counsel
Bessemer Trust said that Grant Gardner has joined the firm’s New York office as principal, head of estate administration and fiduciary counsel.
Sanditon Asset Management bolsters European equities team
London-based Sanditon Asset Management has expanded its European equities team by hiring Guy Hill as new senior investment director.
Survey finds $23bn global market for conservation investing, with $2bn from private investors
The first-ever survey of conservation impact investing reveals a fast-growing market totaling approximately $23 billion in the five-year period from 2009-2013.
BNY Mellon names new senior director for international wealth management group
BNY Mellon has named Marcelino Pendas as new senior director and team leader for its international wealth management group’s Miami office.