All articles by Verdict Staff

Verdict Staff

French court upholds $1.4bn bail for UBS

A French appeals court has ruled that UBS must pay a EUR1.1bn ($1.41bn) bond for a French investigation into claims that it aided helped wealthy French clients evade taxes.

Brooks Macdonald hires business development manager

Brooks Macdonald Asset Management (BMAM) has named Keith Scott as new business development manager for Midlands.

Arizona Bank & Trust names senior vice president of wealth advisory services

Arizona Bank & Trust has hired Nancy Tengler as new senior vice president and market manager for the bank’s Wealth Advisory Services in Phoenix, effective 31 December 2014 replacing Michael McCartney.

Ladenburg inks deal to acquire Securities Service Network

Financial services firm Ladenburg Thalmann Financial Services has struck a definitive deal to acquire Securities Service Network (SSN), a Knoxville, Tennessee-based independent broker dealer.

Majority of global institutional investors unaware of investment risks: Northern Trust Asset

As greater numbers of institutional investors turn to equity strategies that capture style factors such as volatility, value, momentum or yield, most continue to lack clarity on the factor exposures across their combined equity portfolios, according to new research by Northern Trust Asset Management.

SIX Securities signs agreement with Euroclear Bank for fund services

SIX Securities Services has signed a cooperation agreement with Euroclear Bank to provide cost- and risk efficient fund services to Swiss investors.

Fuchs & Associés receives approval to launch Fuchs Asset Management

Fuchs & Associés Group has received license from the Luxemburgish Commission de Surveillance du Secteur Financier (CSSF) to set up Fuchs Asset Management in Luxembourg.

BNP Paribas appoints new corporate and investment banking head

BNP Paribas has appointed Yann Gérardin as the new head of corporate and investment banking (CIB).

Federal Street Advisors appoints new COO

Federal Street Advisors, a US-based wealth management firm, has named Eric Godes as new COO and chief wealth advisory officer.

Blackstone to withdraw from Russian market: report

American private equity giant Blackstone has reportedly decided to withdraw from Russian market as it failed to find suitable investment opportunities in the past three years.