All articles by Verdict Staff

Verdict Staff

Miracle Mile Advisors, TD Ameritrade to launch corporate retirement offering

Miracle Mile Advisors, a California-based independent investment advisory firm, has teamed up with TD Ameritrade to unveil a modern 401k platform, delivering customized investment options using a large portfolio of low-cost ETFs.

HSBC Global Asset Management names new Hong Kong CEO

HSBC Global Asset Management has named Pedro Bastos as new CEO of Hong Kong and regional head of Asia Pacific effective 1 June 2014, replacing Joanna Munro.

ECB financial stability review shows progress in strengthening banks and sovereigns

Euro area financial system stress has remained moderate over the last half-year, according to the new Financial Stability Review of the European Central Bank (ECB) released.

Ex-BNP Paribas bankers to launch new hedge fund firm

Gerardine Davies, former head of UK investment management at BNP Paribas, is planning to launch a new hedge fund firm along with two other senior investment bankers.

BMO Financial’s wealth arm registers 38% surge in Q2 income

BMO Financial Group’s wealth management division has reported a net income of C$194 million for the second quarter of 2014, an increase of C$54 million or 38% from a year ago.

HSBC launches strategic financial planning on tablet

HSBC Bank Middle East has unveiled HSBC Tablet platform in the UAE, enabling its relationship managers to engage clients more effectively and utilize the new interface to offer more focused advice and instant paperless services.

Spectrem affluent investor confidence index rises to seven-year high in May

The Spectrem Affluent Household Outlook gained 10.57 points in May to 26.70, the highest reading since June 2007.

TIG Advisors awards fund services mandate to Deutsche Bank

TIG Advisors, a US-based investment management firm with approximately US$2 billion in AuM, has granted a fund services mandate to Deutsche Bank.

Barclays opens new base in Newcastle quayside

Barclays has opened its new North Eastern base on Newcastle quayside.

Indian government establishes special team to extract unaccounted wealth

Indian government has established a special investigation team (SIT) to extract the unaccounted wealth hidden in foreign countries.