All articles by Verdict Staff

Verdict Staff

Twelve Capital opens new office in London

Swiss investment manager Twelve Capital has opened a new office in London after receiving approval from the Financial Conduct Authority (FCA) to operate as a MiFID investment firm.

Aztec Group opens new office in Amsterdam

Aztec Group, a UK-based fund administration business, has opened a new office in Amsterdam, Netherlands.

MAI Wealth Advisors to change name to MAI Capital Management

MAI Wealth Advisors has said that it will change its name to MAI Capital Management, by the end of 2014.

Financial pressures mounts on the Bank of Mum and Dad: Brewin Dolphin

The ‘Bank of Mum and Dad’ is under unprecedented pressure to bail out dependent children at the expense of parents’ own retirement plans, according to wealth manager Brewin Dolphin.

Hedge Fund Association cautions SEC on impact of raising accredited investor net worth requirements

The Hedge Fund Association has submitted a comment letter to the US Securities and Exchange Commission (SEC) as the regulatory agency considers proposed changes to the definition of an “accredited investor” under Rule 501 of Regulation D.

Two HSBC directors to quit over new banking rules

Two board members at HSBC’s UK unit are set to leave the bank in protest over new regulations that could make executives criminally liable if a bank fails.

Woodford selects Northern Trust for investment outsourcing services

Woodford Investment Management has selected Northern Trust to provide a full suite of investment operations outsourcing services for its newly launched CF Woodford Equity Income fund.

RIA firm staff increasingly look to technology to enhance the client experience: Schwab

More than half of independent registered investment advisor (RIA) (53%) staff view technology as a front office function – a key strategy for delivering a high-quality client experience, according to a survey of registrants at Schwab Advisor Services’ SOLUTIONS workshops.

NAB acquires majority stake in Orchard Street Investment Management

NAB Asset Management, the asset management arm of National Australia Bank, has acquired a majority stake in British commercial property fund manager Orchard Street Investment Management.

BlueBay close to launch CoCo bond fund

BlueBay Asset Management is close to launch its new fund that will focus on new style contingent convertible (CoCo) bank debt, including AT1 and tier two CoCos.