Data Insights
Hong Kong signs tax information exchange agreement with six Nordic nations
Hong Kong Government has singed a tax information exchange agreement (TIEA) with six Nordic jurisdictions including Denmark, the Faroes, Greenland, Iceland, Norway and Sweden.
Threadneedle Investments to open new representative office in Seoul
Threadneedle Investments, a UK-based asset manager, is set to open a new representative office in Seoul, South Korea in a move to expand the firms presence in Asia.
Oracle Capital Group forays into UK legal services market
Oracle Capital Group, a Luxembourg-based family and wealth consultancy, is planning launch an alternative business structure (ABS) to provide legal services to its clients.
Succession Group buys Hart Financial
UK-based wealth manager Succession Group has purchased Salisbury-based advisory firm Hart Financial in a deal worth £3.12 million.
IMF chief under investigation in France
IMF chief Christine Lagarde has been charged with 'negligence' over a multi-million-euro graft case relating to her time as French finance minister.
JPMorgan names new custody and fund services head in Luxembourg
JPMorgan has named Amanda Cameron as new head of its custody and fund services business in Luxembourg replacing Chris Edge.
DeAWM hires new head of strategy & business development for liquid real assets platform
Deutsche Asset & Wealth Management (DeAWM) has appointed Chuck Fiedler as head of strategy & business development, a new role for its Liquid Real Assets platform and part of its Alternatives and Real Assets business.
LGT Group registers 19% rise in H1 profit
LGT Group, the wealth and asset management group of the princely House of Liechtenstein, has said that its total group profit in the first half of 2014 rose 19% to CHF102.8 million.
SEC adopts asset-backed securities reform rules
The US Securities and Exchange Commission (SEC) has adopted revisions to rules governing the disclosure, reporting, and offering process for asset-backed securities to enhance transparency, better protect investors, and facilitate capital formation in the securitization market.
LPL Financial adds Freedom Wealth Alliance to its RIA custodial platform
LPL Financial, an RIA custodian and a wholly owned subsidiary of LPL Financial Holdings, has revealed that Freedom Wealth Alliance, an independent hybrid RIA firm, has transitioned to the LPL broker-dealer and hybrid RIA custodial platform.
S&P Capital IQ releases quarterly hedge fund tracker
S&P Capital IQ, a provider of multi-asset class research data and insights, has released its review of 2014 Q2 13F filings by US-based pure play hedge funds.
Brocade Capital Solutions partners with BNP Paribas Leasing Solutions
Brocade has announced a partnership with BNP Paribas Leasing Solutions to deliver Brocade Leasing throughout Europe and India.
Britains antitrust watchdog to probe foreign exchange market-Report
The UK Competition and Markets Authority (CMA) has joined a raft of global regulators probing the global foreign exchange market following allegations of rigging, the Wall Street Journal had reported.
KBL epb net profit rises by 19% in first half
Luxembourg-based KBL European Private Bankers (KBL epb) has reported a net profit of 50 million for the first half of 2014, an increase of more than 19% compared to 41.9 million for the same period last year.
Unigestion selects SimCorp Dimension
Swiss asset manager Unigestion has entered into a license agreement with SimCorp.
Prudential Capital hires new head for London office
Prudential Capital Group, a US-based asset management arm of Prudential Financial, has hired Michael Berry a managing director and head of its London office.
GAM rolls out new Ucits mortgage-backed securities fund
Swiss-based asset manager GAM has unveiled a new Dublin-domiciled Ucits fund that will invest in US mortgage-backed securities (MBS).
FSG Bank expands wealth management team
FSG Bank has expanded its wealth management team by hiring Tray Brantley as wealth advisor in its south market, which includes Dalton, Chattanooga, and Cleveland, according to Chattanoogan.com.
Elcot Capital buys 25.1% stake in Premier Asset Management
Elcot Capital Management, a UK-based investment manager, has acquired a 25.1% stake in Premier Asset Management from Electra Private Equity for a deal worth £10 million.
JTC Group receives license to expand services to Cayman Islands
JTC Group has received license to offer its range of services including private client, corporate, fund and real estate services in the Cayman Islands.