Financial services
BNP Paribas and J.P. Morgan, two prominent financial institutions, have joined forces with the Depository Trust and Clearing Corp. (DTCC) to adopt its CTM automated tri-party matching workflow for prime brokers. This strategic move is in preparation for the transition to T+1 settlement across the UK and Europe,
Financial services
As the UK prepares for the autumn statement, speculation around potential changes to pensions has left many feeling anxious. According to Richard Watkins, a certified financial planner at Continuum, 211,000 people cashed in their pensions in the year to March 2025, a 30% increase from the previous year. This
Financial services
Wealthstone Private Wealth Management, a Scottsdale-based independent registered investment advisor, has experienced a remarkable growth of over 100% in its assets under management (AUM) over the past 12 months. This milestone reflects the firm's commitment to providing fiduciary-led advice, personalized financial planning, and tax-efficient investment strategies that resonate
Financial services
Shepherd Smith Edwards and Kantas, a law firm specializing in securities fraud claims, is representing several claimants in lawsuits against brokerage firms that sold high-risk, speculative junk bonds, including the Easterly ROCMuni Funds. The firm alleges that these brokerage firms failed to properly investigate the funds, which were primarily invested
Financial services
Nývôs Schulman, a television personality and former host of MTV's "Catfish," has joined Coldwell Banker Warburg as a real estate agent. Schulman, a native New York City resident and licensed real estate salesperson, brings extensive experience in social media, media production, and entertainment to the firm.
Financial services
Hanwha Life Insurance has launched a new trust service that allows policyholders to manage how their life insurance payouts are distributed to their families after they die. This service is designed to cater to the growing demand for customized, cross-generational financial management in an aging society. The trust service enables
Financial services
CrusaderSterling Pensions Limited, a Pension Fund Administrator (PFA), has been upgraded to AA- (PFM) rating by Agusto and Co., recognizing its robust investment capabilities, effective pension administration, and sound risk management practices. This upgrade comes just 14 months after receiving its previous A+ (PFM) rating in 2024, underscoring the company&
Financial services
Pro Visionary Pty Ltd, an Australian wealth management company, has announced the expansion of its secure investment services to safeguard joint accounts up to AUD 500,000. This move underscores the company's commitment to delivering safe and transparent wealth management solutions to Australian investors. As financial markets continue
Financial services
Morgan Stanley Investment Management (MSIM) has achieved a major milestone by raising JPY131 billion (approximately $900 million) for the North Haven Real Estate Japan Strategy Fund I (JSF), exceeding the initial target of JPY 75 billion (approximately $500 million). This significant fundraising effort marks a major success for Morgan Stanley
Financial services
Compass, the largest residential real estate brokerage in the United States, has appointed Ethan Glass as its new Chief Legal Officer. Glass brings decades of experience in antitrust litigation, having led teams at the U.S. Department of Justice that investigated and sued Multiple Listing Service (MLS) organizations for anticompetitive
Financial services
Wedbush Securities, a prominent financial services firm, has strengthened its wealth management presence in Cleveland, Ohio, through the partnership with Goodman Wealth Advisors (GWA). The addition of GWA, led by Chairman and CEO John V. Goodman, will significantly enhance Wedbush's financial services offerings in the region. With a
Financial services
PK AirFinance, a leading aviation finance company, has completed its fifth securitization transaction, PKAIR 2025-2, with the help of Apollo PK Air Management (CLO) LP. The transaction involves the issuance of Class A-F Notes, Class A Notes, Class B Notes, and Class C Notes, totaling approximately $874.9 million, with
