All articles by Verdict Staff
Verdict Staff
New Yorks anti-terrorism transaction monitoring rule goes into effect
Department of Financial Services (DFS) new anti-terrorism and anti-money laundering regulation that requires financial institutions operating in New York to maintain programs to monitor transactions for possible money laundering has gone into effect.
Mackenzie Financial, Power Corporation of Canada up stakes in China AMC
Power Corporation of Canada and its affiliate Mackenzie Financial have both raised their stakes in China Asset Management (China AMC), a unit of Chinese conglomerate CITIC Group.
Ex- Robertson Stephens adviser launches new independent financial advisory in Boston
Jerry Nigro, a former managing director and investment adviser at Robertson Stephens, has left the firm to launch a new independent financial advisory firm named Claybrook Capital in partnership with Dynasty Financial Partners.
SEI launches new online fund transactions processing solution
SEI, a US-based investment processing solutions provider, has launched a new cloud-based solution to automate the process of handling, documenting, and tracking investors private fund transactions.
UK government cedes top shareholder position in Lloyds to BlackRock
The British government has slashed its stake in Lloyds Banking Group to less than 6%, making US asset manager BlackRock the top shareholder in the bank.
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Aberdeen Asset Management names global client senior director
Aberdeen Asset Management has appointed Graham Duce as its new global client senior director.
Deutsche Bank names new global head of anti-financial crime
Deutsche Bank has appointed Philippe Vollot as its new global head of anti-financial crime (AFC) and group money laundering reporting officer (MLRO), replacing Peter Hazlewood who is stepping down after just six months in the role.
Moroccos central bank gives go-ahead to five Islamic banks
Bank Al Maghrib, Moroccos central bank, has given the approval to five companies to set up shariah-compliant banks in the country.
Ex-PNC Wealth Management staff launches independent wealth advisory in Florida
Matthew Pietzak, who formerly worked at PNC Wealth Management, has launched an independent wealth advisory practice in Naples, Florida known as Vantage Private Wealth.
361 Capital rolls out new US small cap equity fund
American asset manager 361 Capital has unveiled a new small cap equity fund that aims to help investors improve their returns through small cap exposure.