All articles by Verdict Staff
Verdict Staff
Chinese asset managers set to foray into UK fund market
E Fund Management, Haitong Securities and CSOP Asset Management, three of Chinas largest fund houses by assets, are said to be mulling UK expansion and are close to launching funds in the country.
ASIC cancels AFS license of Custom Wealth Solutions
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) license of Brisbane-based financial planning business, Custom Wealth Solutions Dealer Services.
BNY Mellon reports 33% dip in Q2 net income
The Bank of New York Mellon Corporation (BNY Mellon) has reported second quarter net income applicable to common shareholders of US$554 million, down 33% compared with US$831 million a year ago.
Income Partners Asset Management launches China onshore RMB bond fund
Income Partners Asset Management (HK) has launched its first China onshore RMB bond fund under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.
Universal Value Advisors teams up with Concert Wealth Management
Universal Value Advisors (UVA), a US-based investment advisory firm, has teamed up with Concert Wealth Management and the Concert network.
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Morgan Stanley’s wealth arm logs 17% rise in Q2 income
The wealth management arm of Morgan Stanley has reported pre-tax income from continuing operations of US$767 million for the second quarter of 2014, an increase of 17% compared with US$655 million a year ago.
Liechstenstein-based Private Bank expects sharp increase in H1 profits
The Liechtensteinische Landesbank AG (LLB) has increased its profits significantly in the first half of 2014. It expects a Group result of CHF 40 million.
Hedge Fund Standards Board granted membership of IOSCO
The Hedge Fund Standards Board (HFSB) has been granted affiliate membership of the International Organization of Securities Commissions (IOSCO), the international body that promotes high standards of regulation in the world’s securities markets.
Chatham Financial expands regulatory services ahead of EMIR and AIFMD deadlines
Chatham Financial has launched new capabilities within its consulting practice and flagship ChathamDirect Software-as-a-Service (SaaS) platform to help fund managers navigate several upcoming regulatory requirements under the Alternative Investment Fund Management Directive (AIFMD) and the European Market Infrastructure Regulation (EMIR).
KeyCorp to acquire Pacific crest securities
KeyCorp has entered into a definitive agreement to acquire Pacific Crest Securities, a technology focused investment bank and capital markets firm.