All articles by Verdict Staff
Verdict Staff
CalPERS enters into $500 million infrastructure partnership with UBS
The California Public Employees’ Retirement System (CalPERS) has entered into a new $500 million infrastructure partnership with UBS Global Asset Management.
Edelweiss Financial names new managing partner for global wealth management
India-based Edelweiss Financial Services has hired Riyaz Marfatia as new managing partner for global wealth management.
Mercer releases four new point tax and super plan
Limiting the balance of account-based pensions to $2.5 million and subjecting investment earnings from savings in excess of this to the 15% standard superannuation tax rate, and introducing life-time contribution caps would create a fairer superannuation system and reduce the cost of tax concessions to the Federal Government according to Mercer.
HSBCs global private banking arm H1 pre-tax profit surges
The global private banking arm of HSBC has reported a pre-tax profit of US$364 million for the first half of 2014, a surge of 237% compared to US$108 million a year earlier.
BNP Paribas hires new regional head for Greater China
BNP Paribas has hired Paul Yang as its regional head for Greater China to increase opportunities as the country opens up its financial markets, effective 1 September 2014.
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Global economic expansion to continue at a slow pace over the next five years: Northern Trust
Global economic expansion should continue at a slow, steady pace over the next five years, with interest rates rising only gradually and stocks returning 7 to 9% per year over the period, according to Northern Trust’s annual long-term forecast for the economy and capital markets.
Brompton Asset Management names multi-asset head
Brompton Asset Management has named Anthony John as new head of multi-asset.
NFA takes emergency enforcement action against Nord Capital Advisors
National Futures Association (NFA) has taken an emergency enforcement action against Connecticut firm Nord Capital Advisors and associated person of Nord Capital.
Evercore Partners to buy ISI Group
Evercore Partners, a US-based investment banking advisory firm, has signed an agreement to the operating businesses of ISI International Strategy & Investment (ISI), an independent research-driven equity sales and agency trading firm.
WealthForge partners with PENSCO
WealthForge and PENSCO Trust Company introduce a new partnership that will help simplify the process of direct investment into private placements online for investors.