All articles by Verdict Staff
Verdict Staff
Barclays considers eight-way restructuring as BOE overhaul looms-report
Barclays is reportedly planning to shift its businesses into eight entities in response as BOEs overhaul looms, which required British lenders to segregate retail operations from riskier investment banking arms.
Nearly 77% of millionaires satisfied with their financial advisor: Spectrem
Nearly eight-in-ten (77%) of millionaires are satisfied with their financial advisors knowledge and expertise, according to a new Spectrem Group wealth level advisor relationships study.
Barclays to hire in Asia Pacific despite global job cuts
Barclays is hiring in the Asia Pacific region to refocus its investment banking business, said Andrew Jones who is the banks co-chief executive officer for Asia-Pacific.
Alliance GI launches new flexible emerging market debt fund
Allianz Global Investors has come up with a new flexible emerging market debt fund for its Luxembourg-domiciled Sicav range, with the aim to enhance debt management in emerging markets.
True Capital Management hires new managing director
True Capital Management, a US-based wealth manager specializing in athletes, entertainment professionals and HNW individuals, has hired Justin Bass as new managing director.
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American Capital to split into three companies
American Capital has announced that its board of directors has unanimously approved a plan to split the company’s businesses by transferring most of the corporation’s investment assets to two newly established business development companies and having American Capital continue primarily in the asset management business.
SYZ & CO names new Asia sales head
Swiss banking group SYZ & CO has appointed Suzanna Wong as head of sales Asia and Hong Kong office head.
PIMCO sees $27.5bn in outflows in October
PIMCO suffered a record $27.5bn in withdrawals from its flagship Pimco total return fund in October, extending large net outflows following Bill Gross’ surprise resignation from the firm.
RBC Wealth Management lures advisor from Wells Fargo
RBC Wealth Management has lured advisor Todd Watson from Wells Fargo Advisors, who previously managed $116m in assets.
European fixed-income dealers narrowing coverage
The European fixed-income market continues its transformation as banks implement new and more focused strategies aimed at maximizing profitability.