All articles by Verdict Staff
Verdict Staff
Morgan Stanley to pay $13m fine for overbilling advisory clients
Morgan Stanley Smith Barney has agreed to pay a fine of $13m to the Securities and Exchange Commission (SEC) to settle allegations of overbilling clients and violating the custody rule pertaining to annual surprise examinations.
TMF partners with Evolution Trustees to expand services in Australia
TMF Group, a provider of outsourced business services to clients operating and investing globally, has partnered with Evolution Trustees to expand its services offering in Australia.
Mizuho International hires derivatives risk solutions head for EMEA
Mizuho International, the UK-based securities and investment banking unit of Japans Mizuho Financial Group, has named Borja Rivas as managing director, head of derivatives risk solutions for Europe, Middle East and Africa (EMEA).
JPMorgan Chase Q4 net income up 24%
JPMorgan Chase has reported a net income of $6.72bn for the fourth quarter of 2016, a 24% increase compared to $5.43bn for the same period in 2015.
Young investors to increase investments in British companies despite Brexit
The potential volatility of the UKs economy following its decision to quit the European Union (EU) has failed to deter investors, with the nations young investors being the driving force backing its economy even after Brexit, according to a study by online investment platform SyndicateRoom.
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P1 Investment Management names research head
P1 Investment Management,a UK-based adviser-led discretionary fund management (DFM) business, has appointed Quintin Rayer as its head of research.
Rathbone Brothers FuM surges 17% to £34.2bn
British wealth manager Rathbone Brothers’ total funds under management (FuM) at the end of 31 December 2016 were £34.2bn, a surge of 17.1% compared to £29.2bn a year ago.
SYZ Asset Management shuts Hong Kong office
SYZ Asset Management, a subsidiary of Swiss-banking group SYZ, has closed its Hong Kong operation to concentrate on European markets, specifically its headquarters in Geneva.
GF International rolls out Chinese A-Share ETF
GF International Asset Management (UK), the European arm of Chinas GF Fund Management, has launched a Chinese A-Share exchange-traded fund (ETF).
BlackRock attributable net income slips in Q4
American fund manager BlackRock has reported attributable net income of $851m for the fourth quarter of 2016, down 1% compared to $861m a year ago.