All articles by Verdict Staff
Verdict Staff
Envestnet to buy Placemark Holdings for US$66 million
Envestnet, a provider of unified wealth management technology to investment advisers, has agreed to buy Placemark, a firm that develops Unified Managed Account (UMA) programs and other portfolio management outsourcing solutions for banks and RIA firms.
Premium Wealth Management names new network development head
Australia-based Premium Wealth Management has named Justin Viney as new head of network development.
BlueBay Asset Management selects Confluence for automated regulatory reporting solutions
BlueBay Asset Management, a specialist manager of fixed income and alternative investment products, has selected Confluence’s Unity NXT regulatory reporting solutions to automate its data reporting processes, both to comply with current regulatory demands and in anticipation of future ones.
JPMorgan chief Jamie Dimon diagnosed with throat cancer; to keep running bank
JPMorgan Chase chairman and chief executive Jamie Dimon in an internal memo to employees revealed that he has been diagnosed with throat cancer, but said he will continue to run the bank.
Mergermarket completes acquisition of Perfect Information
Mergermarket Group, a subsidiary of BC Partners Portfolio Company, has completed the acquisition of Perfect Information (PI), a London-based provider of global workflow solutions and financial information for investment banks, for £26 million.
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Rothschild names new global investment strategist for wealth management arm
Rothschild has named Kevin Gardiner as a global investment strategist for its wealth management business, effective 18 August 2014.
Sound Financial Management acquires Westward Asset Management
Sound Financial Management (SFM), a Plymouth-based independent wealth manager, has reportedly acquired Westward Asset Management, based in Exeter Street.
Vatican, US seal financial information sharing pact
The Autorità di Informazione Finanziaria (AIF), Vatican’s financial intelligence authority has inked an agreement to exchange information with the US Office of the Comptroller of the Currency (OCC), to achieve greater transparency in financial dealings.
Record number of unlisted infrastructure funds in market as fundraising drops in H1: Preqin
Preqin’s latest research shows that there are a record 149 infrastructure funds in market as of the start of Q3 2014, targeting an aggregate $90bn.
Kingdom Holding Company forms JV with PineBridge Investments to invest in Africa
Kingdom Holding Company, a family office of Saudi Arabias Prince Alwaleed Bin Talal Al Saud , has signed a MoU With US-based PineBridge Investments to set up a joint venture platform that will invest in direct private equity opportunities in Africa.