All articles by Verdict Staff
Verdict Staff
Mount Street snaps up EAAs portfolio management arm
Mount Street has agreed to acquire EAA Portfolio Advisors (EPA), the portfolio management subsidiary Erste Abwicklungsanstalt (EAA).
PIMCO names Asia-Pacific head
American investment management firm PIMCO has appointed Kimberley Stafford as its new head of Asia-Pacific, replacing Eric Mogelof who is relocating to New York to head the firm’s US wealth management business.
Assets invested in US ETFs/ETPs reach $2.549 trillion at 2016 end: ETFGI
Assets invested in ETFs/ETPs listed in the US achieved a record high of $2.549 trillion at the end of 2016, according to data released by independent research and consultancy firm ETFGI.
Westpac ups stake in cybersecurity firm QuintessenceLabs
Australian banking group Westpac has increased its stake to 16% in Canberra-based quantum cybersecurity firm QuintessenceLabs.
Carson Group joins Cetera Advisor Networks
Cetera Financial, a network of independent financial advice firms, has entered into a strategic alliance with Carson Group, which encompasses wealth management firm Carson Wealth Management.
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Charles Stanley names equity research head
British wealth manager Charles Stanley has appointed Tina Cook as its head of equity research.
Fairstone to take over advice firm Lofthouse Gate
Fairstone Group, a UK-based chartered financial planning firm, has agreed to acquire Wakefield-based advice firm Lofthouse Gate via a downstream buyout deal.
YCAP Asset Management to snap up FOURPOINTS Investment Managers
French boutique YCAP Asset Management has agreed to acquire the investment management business of Franco-American firm FOURPOINTS Investment Managers for an undisclosed sum.
PIMCO rolls out new ESG investment platform
PIMCO, the US bond fund manager of Allianz, has unveiled a new global investment platform focused on environmental, social, governance (ESG) factors.
Societe Generale to pay $50m fine to settle RMBS fraud claims
Societe Generale has agreed to pay a $50m civil penalty to resolve claims that it defrauded investors, including federally insured financial institutions, in the marketing and sale of a residential mortgage-backed security (RMBS).