All articles by Verdict Staff
Verdict Staff
AMP overhauls financial advice business
Australian financial services firm AMP has restructured its financial advice business to support and strengthen its network of over 3,000 aligned-advisers.
UK wealth and asset management AUM to reach £1.1 trillion in 2017
Despite a weak growth in economy, UK wealth and asset management sector’s assets under management (AUM) is forecast to increase 5.1% in 2017 to £1.1 trillion, reaching £1.24 trillion in 2020, according to the EY ITEM Club outlook for financial services.
North American wealthy investors prefer blend of human and robo advisory services
Two-thirds of emerging wealthy and high-net-worth investors in North America favour hybrid financial advisory services over human-only or robo-only services, according to a research by Accenture.
GAM names institutional sales head for UK and Ireland
Swiss money manager GAM has appointed Ben Edwards as its head of institutional sales in the UK and Ireland.
RLAM gross inflows surge to £6.7bn in 2016; AuM reaches £100bn
Royal London Asset Management (RLAM), the asset management unit of Royal London, has registered gross inflows of £6.7bn during the year 2016, a surge of 116% compared to £3.1bn a year ago.
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Dalton Strategic Partnership acquires MSK Capital Partners
British fund manager Dalton Strategic Partnership (DSP) has acquired local alternative investment management firm MSK Capital Partners for an undisclosed sum.
Law firms launch dedicated fintech practices for Singapore and Malaysia
Law firms Allen & Gledhill and Rahmat Lim & Partners have jointly introduced their financial technology practices for Singapore and Malaysia respectively.
CEFC China to acquire 19.9% stake in Cowen Group
China Energy Company (CEFC China) has agreed to acquire a 19.9% stake in New York-based diversified financial services firm Cowen Group for $100m.
PIMCO hires private strategies head
American investment management firm PIMCO has appointed Gregory Hall as its new managing director and head of private strategies.
Richter Family Office sets up office in Toronto
Richter Family Office (RFO), a Montreal-based firm that provides personalised investment strategy to ultra-high net worth families, has launched an office in Toronto.