veritas splits funds and private client businesses
Veritas Asset Management is to split into two distinct businesses divided down private client and institutional lines it announced today.
Veritas Asset Management is to split into two distinct businesses divided down private client and institutional lines it announced today.
Kevin White, one of the deVere Group’s top executives, has been taking the hot seat in a series of media debates about how multinational corporations pay or, in many cases, apparently, avoid paying tax.
Wealth management firm Quilter has confirmed plans to acquire discretionary investment firm Cheviot Asset Management.
The UK’s Financial Services Authority has warned fund group chief executives about their processes for safeguarding against potential conflicts of interest between their companies and clients.
Staff and management of the Isle of Man’s Nationwide Building Society subsidiary are celebrating after the deposit-taker’s balances hit £5bn, for the first time ever.
The “typical names” associated with investing in Asia and held by the majority of UK portfolios invested in the region will witness increasing competition from US-based Matthews Asia, according to its head of global business development Jonathan Schuman.
Ignis Asset Management’s last remaining joint venture, with Cartesian Capital Partners, is to come to an end, following in the footsteps of its JV’s with Hexam, Argonaut and Maia Capital.
Redemptions of 2.8bn from equity funds on behalf of UK investors dragged the rest of the European market down in August and challenged the country’s position as one of the most ‘buoyant fund markets’ in the region, according to data from Lipper.
Retail fund sales of £23m in August were the lowest since October 2008, according to data released today by the UK’s Investment Management Association.
A man who operated an unauthorised collective investment scheme will appear in court next month after being charged with seven offences including forgery and fraud.
Zurichs announcement this week that it is to cut 200 jobs from across its UK business will only have a small impact on the international operations.
The UK government has introduced planned changes to its money laundering regime, which it said will reduce the regulatory burden imposed by the current framework, while also strengthening it.