All articles by Verdict Staff
Verdict Staff
Matthews Japan Fund to complete merger with Japan Fund of Nomura Partners Funds
Matthews International Capital Management said that Nomura Partners Funds’ shareholders approved a charter amendment that will permit the tax-free merger of The Japan Fund into the Matthews Japan Fund.
Citigroup names new CEO for Malaysia
Citigroup has named Lee Lung Nien as new CEO for its wholly owned Malaysian subsidiary, Citibank Bhd, replacing Sanjeev Nanavati.
Allied World and Blue Vista Capital Management announce key strategic partnership
Allied World Assurance Company Holdings has announced an investment agreement with Blue Vista Capital Management, a Chicago-based real estate private equity firm.
Standard Chartered to launch massive hiring blitz in Africa
Standard Chartered Bank, which makes almost all its profits in Asia, the Middle East and Africa, is reportedly planning to hire at least 1,000 more staff in Africa in the next couple of years.
CSRC grants RQFII license to Lion Global Investors
Singapore-based asset manager Lion Global Investors (LGI) has received a Renminbi Qualified Foreign Institutional Investor (RQFII) license and is planning to launch a suite of RQFII unit trust funds.
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Bank of America enhances Charitable Gift Fund
Bank of America has announced enhancements to its Charitable Gift Fund designed to help donors increase the efficiency and strategic impact of their charitable giving.
Ultra-wealthy millennials are idealistic, but not alienated: Morgan Stanley study
Ultra-wealthy millennials – those born between 1982-2000-are idealistic about the uses of their wealth, but say they are generally aligned with the values of their parents, according to Morgan Stanley Private Wealth Management/Campden Wealth “Next Generation” survey.
VTB Capital shifts focus to Asian markets amid Western sanctions-report
To negate the impact of sanctions imposed by US and European countries, Russian investment bank VTB Capital is now shifting its focus to Asian markets.
Investors turn more positive on the outlook for global equities markets-TradeStation
TradeStation, a Monex Group company, has announced results of the Monex Global Retail Investor Survey, which finds US investors’ confidence on the upswing, a shift noteworthy in that it accompanies growing anticipation of changes in Federal Reserve Bank monetary policy beginning in 2015.
BNP Paribas expands multi-asset solutions group
BNP Paribas Investment Partners (BNP IP) has named Colin Harte as new portfolio manager and strategist within its multi-asset solutions group.