All articles by Verdict Staff
Verdict Staff
Schroders private bank distribution head in Asia quits
Schroders Asia head of private bank distribution Terence Bong has left the firm as part of a restructure of its sales team in Asia.
Prudential selects Capita Financial as ACD for its OEIC fund range
Prudential has selected Capita Financial Managers as authorized corporate director (ACD) for its seven open ended investment company (OEIC) funds, effective 3 November 2014.
Pershing study shows gap exists between what advisors say and what resonates with investors
An effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now, according to a new study from Pershing, a BNY Mellon company.
FSG Bank expands wealth management team
FSG Bank has expanded its wealth management team by hiring Tray Brantley as wealth advisor in its south market, which includes Dalton, Chattanooga, and Cleveland, according to Chattanoogan.com.
Emerging markets & selective high yield debt may offer opportunities: Standish
Emerging markets and selected high yield debt appear to offer opportunities in the current environment of heightened geopolitical risk, according to the summer bond market observations from Standish Mellon Asset Management Company.
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RBS to be fined £15 million by FCA over poor mortgage advice
State-backed Royal Bank of Scotland (RBS) is to be fined nearly £15 million by the UK’s Financial Conduct Authority (FCA) for giving inappropriate advice to mortgage customers.
Elcot Capital buys 25.1% stake in Premier Asset Management
Elcot Capital Management, a UK-based investment manager, has acquired a 25.1% stake in Premier Asset Management from Electra Private Equity for a deal worth £10 million.
Nomura Research Institute rolls out new private cloud solution for asset managers
Nomura Research Institute (NRI), a provider of consulting services and system solutions, has rolled out a new private cloud solution for investment managers in Japan.
FINRA fines Citigroup Global Markets $1.85 million
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $1.85 million for failing to provide best execution in approximately 22,000 customer transactions involving non-convertible preferred securities, and for related supervisory deficiencies for more than three years.
JTC Group receives license to expand services to Cayman Islands
JTC Group has received license to offer its range of services including private client, corporate, fund and real estate services in the Cayman Islands.