All articles by Verdict Staff
Verdict Staff
US judge sentences Caribbean-based advisor for laundering monetary instruments
Joshua Vandyk, an investment advisor, was sentenced today to serve 30 months in prison for conspiring to launder monetary instruments, the Justice Department and Internal Revenue Service (IRS) said.
Goodbody Stockbrokers buys BDO’s private wealth unit
Ireland-based Goodbody Stockbrokers has acquired the private wealth management unit of accountancy firm BDO.
Highland Capital Management launches floating rate fund with Banco do Brasil
Highland Capital Management, a Dallas-based investment management firm, which together with its affiliates has approximately US$19 billion in assets under management, has launched its first European regulated fund.
Man Group completes acquisition of Numeric Holdings
Man Group, a UK-based hedge fund manager, has completed the acquisition of Boston-based hedge fund specialist Numeric Holdings.
TIAA-CREF grants fund services mandate to Deutsche Bank
TIAA-CREF, a North American fund with nearly US$613 billion of AuM, has granted a fund services mandate to Deutsche Bank.
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Ex-JP Morgan Cazenove chairman launches new advisory firm
Former JP Morgan Cazenove chairman Ian Hannam has launched a new investment and advisory firm called Hannam & Partners.
Transparency International urges Switzerland to unmask the corrupt
Switzerland must make it much harder for the corrupt to hide behind secret companies if the country wants to keep criminal activity out of its financial system, Transparency International Switzerland said as it launched the “Unmask the Corrupt” campaign in Switzerland.
Credit Suisse appoints new head for Southeast Asia
Credit Suisse has named Benjamin Cavalli as new head for Southeast Asia, effective 1 October 2014.
US regulators increasing scrutiny on European fund managers
US regulators are reportedly increasing their scrutiny on European fund managers doing business in the US amid fears over the pricing of illiquid assets, reported Financial Times.
Chinese officials investigate Shanghai offices of Morgan Stanley over princeling
Chinese officials are investigating the Shanghai offices of Morgan Stanley Huaxin Securities as part of a probe into a former officials role in suspicion of taking bribes in August 2014.