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Nikko Asset Management to rename as Amova Asset Management

The TRADE

Nikko Asset Management is set to rename itself as Amova Asset Management on 1 September 2025. The post Nikko Asset Management to rename as Amova Asset Management appeared first on The TRADE.

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BNP Paribas to pay €5.1 billion for AXA Investment Managers in trillion-dollar asset management JV

The TRADE

The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets. It is expected to be signed at the end of 2024 and close in mid-2025, pending relevant regulatory approvals. The merger will create a mega-manager and leading player in the European sphere with roughly €1.5

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GIX trading platform the first green securities exchange to file with the SEC

The TRADE

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. It means your company is sincere in its motivation to follow through on those promises.

Trading 62
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Research budgets increasing globally for the first time since Mifid II

The TRADE

In the first half of 2024, research budgets have increased both as a proportion of assets under management as well as in absolute terms, Substantive Research has found. As a proportion of assets managed, US budgets rose 15%, with European budgets up a more modestly by 4%.

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SEC chair Gary Gensler urges UK to set T+1 transition date

The TRADE

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day. Gensler said.

Trading 62
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ABN AMRO set to acquire German bank, Hauck Aufhäuser Lampe in €672 million deal

The TRADE

Pending regulatory approval, the transaction is set to be completed in Q1 2025. Robert Swaak The acquisition is set to enhance the asset management segment of ABN AMRO’s business, as well as strengthening its wealth management and E&E (entrepreneur and enterprise) offerings.

Banking 57
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Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed

The TRADE

The post Cboe outlines why its clearing service for securities financing transactions will succeed where others have failed appeared first on The TRADE.

Finance 57