All articles by Verdict Staff
Verdict Staff
Investment managers positive on US growth, but inflation risk looms: Northern Trust
Investment manager confidence in US economic growth reached a five-year high in Northern Trust’s quarterly survey, but expectations for inflation were up as well.
Opes Advisors opens new branch in Kirkland
Opes Advisors, a US-based wealth management and mortgage banking firm, has expanded its presence into the Puget Sound area by opening a new branch in Kirkland.
UBS aims to grow its ultra-rich division by 7 to 8 percent
UBS aims to grow its business which deals with ultra-rich clients – typically those with liquid assets of CHF50 million (US$55.9 million) or more by 7 to 8 percent in terms of assets, according to Reuters.
Bit Trade Australia forays into wealth management market
Bit Trade Australia, a Bitcoin service provider, is planning to apply for an Australian Financial Services License (ASFL) to foray into wealth management and merchant services.
KKR & Co acquires 24.9% stake in hedge fund BlackGold Capital
American private equity firm KKR & Co has agreed to buy a 24.9% stake in hedge fund firm BlackGold Capital Management for an undisclosed sum.
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NBAD broadens scope of regional funds
The National Bank of Abu Dhabi (NBAD) has rebranded several of its equity funds moving investment focus to a broader MENA focus from a UAE emphasis.
PwC names new asset management head in UK
PricewaterhouseCoopers (PwC) has named Mark Pugh as new head of asset management in the UK replacing Paula Smith.
Majority of Canadian families optimistic about economy: BMO study
BMO released the results of a mid-year poll of Canadian families with children, revealing that while the majority are feeling more optimistic about the economy, half (50 per cent) are concerned about their personal finances.
Wells Fargos wealth arm sees 25% surge in Q2 income
The Wealth, Brokerage and Retirement (WBR) division of Wells Fargo has reported a net income of US$544 million for the second quarter of 2014, a rise of nearly 25% compared to US$434 million a year ago.
Rathbones automates fund settlement processes with Euroclear
Rathbone Brothers, a provider of investment management services to private clients, charities and investment advisors, has taken a major step in automating its fund settlement process by using Euroclear UK & Ireland’s (EUI) investment fund service.