All articles by Verdict Staff
Verdict Staff
Temenos to take over banking software provider Rubik Financial
Swiss fintech firm Temenos has agreed to acquire Rubik Financial, a financial software vendor based in Australia.
Wealth managers – watch how clients behave to improve investment management strategies
Algorithms have made it easier to analyse the stock market and deliver financial advice. As a result, they are now being used to predict investors’ behaviour in order to reduce emotional bias and generate higher returns, according to GlobalData Financial Services.
Japan’s SoftBank to buy US-based Fortress Investment Group
Japan-based SoftBank has agreed to acquire American alternative-asset manager Fortress Investment Group for about $3.3bn in cash.
Millennials most likely to embrace early-stage investing
Millennials are twice as likely to adopt early-stage investing to achieve their financial goals as compared to their older counterparts, according to a research by online investment platform SyndicateRoom.
Morgan Stanley to pay $8m to settle inverse ETF investment charges
Morgan Stanley Smith Barney has agreed to pay a fine of $8m to the US Securities and Exchange Commission (SEC) to settle charges of single inverse ETF investments that the firm recommended to advisory clients.
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Tilney hires charity business development head
British wealth manager Tilney has appointed Nicholas Pearson to the newly created role of head of charity business development.
AXA IM reshuffles executive line-up
AXA Investment Managers (AXA IM) has hired Isabelle Scemama as CEO of AXA IM – Real Assets, replacing Pierre Vaquier who is leaving the firm to pursue other interests.
Credit Suisse posts loss of CHF2.3bn in Q4
Swiss banking giant Credit Suisse Group has posted a net loss attributable to shareholders of CHF2.3bn for the fourth quarter of 2016, compared to a net loss of CHF5.83bn for the same period in the last year.
ADGM and Central Bank of Bahrain strengthen regulatory cooperation
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, and the Central Bank of Bahrain (CBB), have inked a memorandum of understanding (MoU) to strengthen regulatory cooperation for the supervision of financial institutions.
Mercer Advisors snaps up Duckworth Wealth Advisors
Mercer Advisors, a California-based wealth management firm, has acquired local family office Duckworth Wealth Advisors for an undisclosed amount.