All articles by Verdict Staff
Verdict Staff
Itau Unibanco to fully acquire wealth manager MCC
Latin American bank Itau Unibanco Holdings (ITUB) has entered into an agreement to acquire full control of Chile-based asset management company Munita Cruzat & Claro (MCC) for an undisclosed sum.
RBC appoints Dave McKay to its board of directors
Royal Bank of Canada (RBC) has announced that Dave McKay joins its board of directors and assumes the role of president and CEO of RBC.
Southwest Securities and Summit Brokerage adopt Matrixs broker/dealer platform
Matrix Financial Solutions, a Broadridge Financial Solutions company said that Southwest Securities and Summit Brokerage Services have implemented its complete broker/dealer platform to increase visibility and provide their advisers with a competitive advantage to meet client needs and grow their businesses.
Nedbank H1 net income up 18%
Nedbank, the South African bank controlled by Old Mutual, has reported net income of ZAR4.6 billion (US$431 million) for the first six months of 2014, a rise of 18% compared ZAE3.91 billion a year ago.
City National expands private banking team in San Jose
City National Bank has expanded its Silicon Valley team with two senior private bankers and a senior portfolio manager.
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Nikko Asset Management adds global equity capability to investment suite
To fortify its investment offering to clients, Nikko Asset Management (Nikko AM) has brought in a team of six portfolio managers, led by William Low, who previously managed the high-alpha equity team at Scottish Widows Investment Partnership, now owned by Aberdeen Asset Management.
Funded Status of US corporate pensions falls to 90.8%: BNY Mellon ISSG
The funded status of the typical US corporate pension plan declined 1.2 percentage points in July 2014 to 90.8%, as the steep drop in equity prices at the end of July sent asset values lower, according to the BNY Mellon Investment Strategy and Solutions Group.
Standard Chartered names new head of capital markets
Standard Chartered has named Henrik Raber as new head of capital markets, effective 16 August 2014.
Dynasty Financial partners with ex United Bank advisors to launch new advisory firm
US-based Dynasty Financial has joined forces with a team of four advisers from United Bank & Trust to set up an independent advisory firm.
Man Group completes acquisition of Pine Grove Asset Management
Man Group, the London-based investment management firm, has completed the acquisition of US-based hedge fund manager Pine Grove Asset Management.