All articles by Verdict Staff
Verdict Staff
Lloyds names new head for financial institutions capital and asset-backed solutions unit
Lloyds has appointed Allen Appen as new head its financial institutions (FI) capital and asset-backed solutions business replacing Robert Plehn.
Virtus Investment Partners elects two board members
Virtus Investment Partners, which operates a multi-manager asset management business, has elected Melody Jones and Stephen Zarrilli to the company’s board of directors.
UniCredit seeks to boost presence outside Europe-report
Italy-based UniCredit is planning to expand its presence in Middle East, Asia and Latin America, the banks CEO Federico Ghizzoni said.
Portugal’s Espirito Santo files for bankruptcy on failed protection
Espirito Santo Financial Group (ESFG), which once held 25% of the bailed-out Portuguese lender Banco Espirito Santo, has filed for bankruptcy after a Luxembourg court rejected its request for creditor protection.
Fidelity launches its first three active bond ETFs
Fidelity Investments has expanded its overall Exchange Traded Fund offering for investors and financial advisors with the introduction of the company’s first suite of three actively managed fixed income ETFs.
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FCA fines two former directors of Pritchard for failing to protect client money
The UK’s Financial Conduct Authority (FCA) has fined and banned David Gillespie, managing director, and David Welsby, finance director, of stockbroking and wealth management firm, Pritchard Stockbrokers for failings in relation to the protection of client money.
RBC lures $213m advisory team from Morgan Stanley
RBC Wealth Management has lured two financial advisers from Morgan Stanley that managed $213m in client assets.
Goldman Sachs Asset Management strengthens overall fixed income fund platform
Goldman Sachs Asset Management announced that it has changed the name of the Goldman Sachs Core Plus Fixed Income Fund to the Goldman Sachs Bond Fund.
New York Attorney General inks agreement with Citi to return $16m to consumers
Attorney General Eric Schneiderman has announced an agreement with Citigroup Global Markets, a subsidiary of Citigroup, to reimburse more than 31,000 Citi customers who were charged higher advisory fees than they negotiated.
SSGA partners with CBRE Clarion to launch new real estate income fund
State Street Global Advisors (SSGA) has teamed up with CBRE Clarion Securities to launch a new global real estate mutual fund.