All articles by Verdict Staff
Verdict Staff
Warburg Pincus to invest $700 million in China Huarong
Warburg Pincus is reportedly planning to invest nearly $700 million in China Huarong Asset Management.
Deutsche Asset & Wealth Management opens private bank in Dallas
Deutsche Asset & Wealth Management (DeAWM) has opened its private bank in Dallas in its push to expand its presence in the Americas.
Korea and Vietnam sign revised double tax agreement
The Korean and Vietnamese governments have provisionally signed a revised double tax avoidance agreement.
Barclays Bank to open new technology center in McKinney, Texas
London-based Barclays Bank has decided to open a new technology center in McKinney, Texas to support global bank operations.
Pictet expands multi-asset team
Pictet Asset Management has expanded its multi-asset team by hiring three multi-asset managers from Barings.
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Standard Life cautions on offering new withdrawal alternative to access pension freedoms
Employers and trustees should think twice before using the new uncrystallised funds pension lump sum (UFPLS) rules as the default option for employees to access flexibility and choice in their workplace pension schemes, according to Standard Life.
Northern Trust names new global institutional distribution head
Northern Trust Asset Management has hired John Krieg as new global head of institutional distribution.
Fifth Street further expands its credit platform
Fifth Street Management said that it is closing Fifth Street Senior Loan Fund II, a US$305 million multi-tranche financing facility that will invest in middle market senior secured loans.
Citigroup to hike fixed pay of its senior executives in Europe
Citigroup is reportedly in the process of enhancing fixed pay of its senior executives in order to make up for the European Unions (EU) cap on their bonuses.
Mattioli Woods pre-tax profits up 11%
Wealth manger Mattioli Woods has posted pre-tax profits of £5.1 million for the full year ended 31 May 2014, an increase of 11% from £4.6 million reported a year ago.