All articles by Verdict Staff

Verdict Staff

Turcan Connell Asset Management unveils private OEICs for HNW clients

Scottish wealth manager Turcan Connell Asset Management has rolled out private OEICs for its wealthiest clients in a move to enhance tax efficiency.

Citigroup to inject US$1.5 billion into Mexican operations

Citigroup will invest nearly MXN20 billion (US$1.5 billion) in its Mexican unit’s technology, data centers and physical infrastructure over the next four years.

Eurozone periphery grows faster than the core: PwC

While Germany, France and Italy all failed to grow in the second quarter of 2014, it was a chance for the so-called ‘soft core’ of the Eurozone to step out of the shadows, report PwC economists.

Netwealth unveils new portfolio tools to improve client access to information

Australia-based Netwealth has developed a number of new tools for its platform to assist advisers with back-office efficiency and client engagement.

London, Singapore could emerge as dominant offshore RMB hubs, says BNY Mellon

Competition for offshore renminbi (RMB) business is getting fiercer as financial centres seek to grab a share of the pie and capitalise on Beijing’s ambition to make the RMB a global currency.

Manulife Asset Management hires new MD of business development

Manulife Asset Management has hired Allan Hutton as new managing director of business development for Ontario.

Guggenheim Partners establishes JV with KBBO Group

Guggenheim Partners, US-based financial services firm, has established a joint venture with a Abu Dhabi-based investment company KBBO Group.

Xchanging, Deutsche Bank launch Netsett technology platform

Xchanging, the business process, procurement and technology services provider, and Deutsche Bank have jointly launched technology platform, Netsett.

Macro surges to lead HFRI August gain

Hedge funds posted broad-based gains across all strategies in August, as equity markets again eclipsed record levels despite signs of weakening European economic growth and rising geopolitical tensions.

RBS to sell Citizens Financial stake in IPO

Royal Bank of Scotland (RBS) has said that it is planning to sell 140 million shares of its US unit Citizens Financial to bolster its finances.