All articles by Verdict Staff

Verdict Staff

Janney Montgomery Scott appoints new executive vice president of investments

Janney Montgomery Scott, a full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, PA, has announced that Michael Coraggio has joined Janney’s New York City Whitehall branch office as executive vice president/investments.

Solactive unveils new hedge fund replication index for Société Générale

Solactive, a Germany-based provider of financial indices, has unveiled a new hedge fund replication index for Société Générale Corporate & Investment Banking (SG CIB).

Stone Asset to terminate Money Market Fund

Stone Asset Management has announced plans to terminate the Stone & Co. Flagship Money Market Fund Canada.

Quilter Cheviot rejects Old Mutual’s £600 million takeover offer

UK-based wealth manager Quilter Cheviot has turned down a £600 million takeover offer from Old Mutual.

ECB modifies loan-level reporting requirements for some asset-backed securities

The Governing Council of the European Central Bank (ECB) has decided to modify the loan-level reporting requirements for asset-backed securities (ABSs) backed by auto loans, leasing receivables, consumer finance loans and credit card receivables that are used as collateral in Eurosystem monetary policy operations and are unable to satisfy the timeline announced on 27 November 2012.

UK seeks to overturn EU cap on bankers’ bonuses

The lawyers the UK Treasury are set challenge the proposed EU bankers’ bonus cap in the European Court of Justice Luxembourg arguing that rules are an unjustified intrusion.

BBVA forays into Indonesian market

Spanish bank BBVA has forayed into the Indonesian market by opening a representative office in Jakarta.

Mitsubishi Financial eyes acquisitions worth US$8 billion to grow international business

Mitsubishi UFJ Financial (MUFG) has set aside US$8 billion for acquisitions in the US and Asia to make up for weak prospects in Japan due to an aging population.

Interactive Data launches continuous fixed income evaluated pricing service

Interactive Data Corporation, a provider of independent evaluated pricing and reference data services, has launched continuous fixed income evaluated pricing service.

Maybank Asset Management selects BNP Paribas for fund servicing solutions

Maybank Asset Management Singapore (Maybank AM Singapore) has selected BNP Paribas Securities Services to provide ASEAN Passport fund servicing solutions.