All articles by Verdict Staff

Verdict Staff

France warns US against US$10 billion fine on BNP Paribas

French authorities have warned US that the prospect of BNP Paribas being fined as much as US$10 billion could affect relations between the two countries and also scuttle transatlantic free-trade talks.

DeAWM forms global partnership with CAIA Association

Deutsche Asset & Wealth Management (DeAWM) has announced a global partnership with the Chartered Alternative Investment Analyst (CAIA) Association.

20 private real estate managers control a third of industry spending power: Preqin

The 20 private real estate fund managers that have raised the most capital since 2009 represent less than 1% of active firms globally, but hold 32% of the industry’s total capital available for investment.

Goldman Sachs names vice chairman of Asia-Pacific investment banking

Goldman Sachs has appointed Richard Campbell-Breeden as new vice chairman of investment banking for the Asia-Pacific region excluding Japan.

EP Wealth Advisors appoints SVP, investment strategist

Investment management firm EP Wealth Advisors has appointed Adam Phillips as a senior vice president and investment strategist.

Merlon Capital Partners goes live with SimCorp

SimCorp has announced that Sydney-based boutique fund manager Merlon Capital Partners has gone live with SimCorp Dimension’s Front Office suite following a rapid deployment.

Australian wealth manager FIWA to acquire Crowe Horwath Australia

Australian wealth manager Financial Index Wealth Accountants (FIWA) has signed a Process Agreement with Crowe Horwath Australia to acquire all of the shares of Crowe Horwath through a scheme of arrangement.

Stifel Financial to acquire Legg Mason’s investment advisory unit

American financial services firm Stifel Financial has agreed to buy Legg Mason Investment Counsel & Trust (LMIC), the investment advisory unit of Legg Mason.

BNY Mellon launches fixed income fund in Australia through Standish

BNY Mellon Investment Management through its subsidiary Standish Mellon Asset Management has introduced a global fixed income fund in Australia.

Webster Private Bank appoints two portfolio managers

Webster Private Bank, the wealth management division of Webster Bank, has added two experienced senior portfolio managers to its rapidly expanding investment team.