All articles by Verdict Staff
Verdict Staff
Santander to buy 50% stake in Unicredits asset management arm
Spanish bank Santander has agreed to buy a stake of up to 50% in Pioneer Investments, the asset management division of Italian bank Unicredit.
DST Applied Analytics launches Predictive Wholesaling for asset managers
DST, a provider of strategically unified data management, business processing, and customer communication solutions, has launched a ‘Predictive Wholesaling’ module for DST SalesConnect Enterprise.
Blackstone Advisory Partners makes new hires in Madrid
Blackstone Group has bolstered its international Blackstone Advisory Partners network by hiring Borja Arteaga as senior managing director and Albert Fernandez as managing director based in Madrid.
SEC slaps $5m fine on Wells Fargo Advisors for failing to maintain controls
The US Securities and Exchange Commission (SEC) has charged Wells Fargo Advisors with failing to maintain adequate controls to prevent one of its employees from insider trading based on a customer’s nonpublic information.
Aberdeen secures approval to buy 80% stake in NISP Asset Management
Indonesian financial services regulator has given the green light to the Asian division of Aberdeen Asset Management to buy 80% of Indonesia-based NISP Asset Management.
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Orix Leasing Pakistan signs MoU with Standard Chartered Bank (Pakistan)
Orix Leasing Pakistan Limited (OLPL) has inked a non-binding Memorandum of Understanding (MoU) with Standard Chartered Bank (Pakistan) (SCBPL).
Wealth management industry taking more strategic view on art as asset class, Deloitte study
The wealth management industry is clearly taking a more strategic view on art as asset class and how it could be used as a tool to build stronger and deeper relationships with clients, in an increasingly competitive market place, according to a new study by Deloitte Luxembourg.
Wealth protection growing in importance, Lincoln Financial study reveals
A Lincoln Financial Group study reveals that the majority of Americans (58%) say that protecting their wealth is more important today than it was five years ago, which emphasizes Lincoln’s view of the need for financial advisors to take a comprehensive, goal-based approach to planning for their clients.
Barclays pledges £1bn to rapidly growing green bonds sector
Barclays has said that it will invest a minimum of £1bn by November 2015 to form part of its liquid asset buffer – one of the largest such investments by a bank.
BOCHK Asset Management inks deal with Citigroup to market bond fund in Europe
Bank of China Hong Kong (BOCHK) Asset Management has signed an agreement with Citigroup to market its bond fund to pension and retail investors in Europe.