All articles by Verdict Staff

Verdict Staff

Broadridge’s post-trade managed service client base doubles in North America

Broadridge Financial Solutions, a provider of technology-driven solutions to the financial services industry, has reported that in the six years since the global financial crisis, its post-trade managed service client base in North America has more than doubled.

Washington Wealth Management hires two former wirehouse advisors

Washington Wealth Management (WWM), an independent hybrid RIA, has added two former wirehouse advisors Craig Martucci and Todd Adams in Salt Lake City, Utah.

Wells Fargo lures $1.38 billion advisory team from UBS and Morgan Stanley

Wells Fargo Advisors has lured a team of seven financial advisers from UBS and Morgan Stanley that together managed $1.38 billion in assets.

ECJ tax judgement to cost financial institutions millions of pounds annually, says KPMG

A European Court of Justice judgement issued on VAT grouping rules will cost financial institutions and potentially other VAT exempt businesses hundreds of millions of pounds annually, according to KPMG in the UK.

AXA Investment Managers names new business development manager

AXA Investment Managers (AXA IM) has named Martin Powis as new business development manager.

Impax Asset Management bolsters sales team

UK-based Impax Asset Management has expanded its sales team by appointing Meg Brown new associate director for UK business development.

Promontory Financial Group opens Beijing office

Promontory Financial Group, a regulatory, risk management, compliance, and strategic consulting firm, has announced opening of a new office in Beijing, China.

Mako Global Investors to launch European equities-focused hedge fund

London-based Mako Global Investors is repotedly planning to launch a new European equities-focused hedge fund in the fourth quarter of this year with the support from former Marble Bar Asset Management portfolio manager Christian Thum.

Salamanca Group names new board members to Jersey and Mauritius units

Salamanca Group Holdings, a London-based provider of financial advisory and risk management services, has named two board members to its Trust & Fiduciary unit in Jersey and Mauritius.

CalPERS receives Citigroup settlement payment totaling US$88 million

The California Public Employees’ Retirement System (CalPERS) has received US$88 million from the California Attorney General’s Office as part of a global settlement reached by the US Department of Justice, FDIC, and various state attorney generals with Citigroup in July.