All articles by Verdict Staff
Verdict Staff
FCA grants AIFM license to Phoenix Fund Services
Financial Conduct Authority (FCA) has granted Alternative Investment Fund Manager (AIFM) license to Phoenix Fund Services (UK).
SEC charges Florida-based transfer agent and owner with defrauding
The Securities and Exchange Commission (SEC) has has charged a Florida-based transfer agent and its owner with defrauding investors by using aggressive boiler room tactics to peddle worthless securities with promises of high returns or discounted prices.
Charles Stanley reports marginal rise in Q1 revenue
British wealth management and brokerage firm Charles Stanley has logged revenue of £37.3 million (US$63.5 million) for the first quarter ended 30 June 2014, a marginal increase from £36.9 million a year ago.
Avaloq appoints new general manager for Western & Southern Europe
The Avaloq group has named Tecla Solari as general manager Western & Southern Europe and member of Avaloq’s executive board per mid-August 2014.
SEC adopts money market fund reform rules
The Securities and Exchange Commission (SEC) of US has adopted amendments to the rules that govern money market mutual funds.
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Standard Chartered denies media reports over succession planning
Standard Chartered has denied media speculations over succession planning for its CEO Peter Sands and chairman Sir John Peace amid pressure from investors over declining profit.
FCA imposes recruitment ban on the Financial Group
The Financial Conduct Authority (FCA) has banned two of the Financial Group’s subsidiaries, Financial Limited and Investments Limited, from recruiting new appointed representatives (ARs) and individual advisers for a period of four and a half months.
Middle East investment in Europe rises by 25% H1 2014
Middle East investment in Europe rose by 25% year on year in the first half of 2014 to 5.9 billion, while the total cross border investment in Europe rose by nearly a third (32%) to top 44 billion.
Abbey Capital receives AIFM license from Central Bank of Ireland
The Central Bank of Ireland has authorised Abbey Capital as an Alternative Investment Fund Manager (AIFM) under the Alternative Investment Fund Management Directive (AIFMD).
Comment: Rise of the new philanthropists
As wealth shifts towards emerging markets, a new generation of philanthropists are entering the world stage. They want to give back, not just by handing a cheque to charity, but by playing an active role in shaping the future of their communities.