All articles by Verdict Staff
Verdict Staff
BoA’s wealth arm reports total revenue of US$4.6bn in Q2
Bank of America (BoA)’s global wealth and investment management sector has reported a net income of US$724m, down from US$759m in the year ago period.
Hedge funds post average returns of 2.51 % in Q2 2014: Prequin
Hedge funds post average Q2 2014 returns of 2.51% compared to the 1.30% average returns seen throughout the first quarter, according to Prequin.
Notenstein Private Bank chooses SimCorp Dimension as new software solution
Notenstein Private Bank, a St. Gallen based bank specialising in asset management, announced today that it has chosen SimCorp Dimension as its new software solution, Hazel Biegelsen reports. The software will be used in front and middle office operations.
Enhance opens new office in Cayman Islands
Enhance, a Jersey-based provider of investment oversight services in the fiduciary sector, has opened a new office in the Cayman Islands.
Smith & Williamson poaches ex-JPMorgan bond manager for fixed Interest trust
Smith & Williamson has hired the ex-JP Morgan veteran John Anderson to manage its £27.8m fixed Interest trust, effective 23 July 2014.
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Asset Managers post strong recovery from crisis, with record assets and peak profits: BCG
The global asset-management industry has recorded its strongest year of recovery since the financial crisis, as assets reached record levels and profits surged to near-all-time highs, according to a new report by The Boston Consulting Group (BCG).
Threadneedle names new non-executive director
Threadneedle Investments has named Ann Roughead to the company’s board and to the board of Threadneedle Investment Services, as a non-executive director.
Baird and McAdams Wright Ragen to merge operations in Portland
Baird and McAdams Wright Ragen (MWR) have agreed to merge their offices in Portland later this year in a move to expand their presence in the market.
Indian Fair Trade watchdog clears Birla Sun Life-ING deal
The Competition Commission of India (CCI) has approved the proposed acquisition of ING Mutual Funds schemes by Birla Sun Life AMC.
Speechly Bircham, Charles Russell plan merger to set up new £135m law firm
Partners at law firms Speechly Bircham and Charles Russell are planning to merge their operations to set up a new firm with combined revenues of £135m, effective 1 November 2014.