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

The TRADE

By joining forces with BNP Paribas, AXA IM would become a global asset manager with a wider product offering and a mutual objective to further their leading position in responsible investing.” billion, and Deutsche Bank agreeing to acquire institutional broker Numis in a £410 million deal. The post BNP Paribas to pay €5.1

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People Moves Monday: ODDO BHF, Deutsche Bank and Jefferies

The TRADE

Former head of market structure and liquidity solutions at broker dealer Kepler Cheuvreux Byron Griffin is set to join Franco-German financial services firm ODDO BHF. Griffin left Kepler in May after over eight years with the broker dealer. He joins as head of execution sales and microstructure.

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Challenges for the buy-side and research providers become a reality as SEC allows ‘no-action’ research letter to lapse

The TRADE

The Securities and Exchange Commission (SEC) has allowed its no-action letter to the Securities Industry and Financial Markets Association (SIFMA), based on enforcements surrounding research services, to expire – reinforcing that it was not intended to be permanent solution. That bill is, however, not in effect.

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Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading

The TRADE

More than 200 asset managers, hedge funds and other users of outsourced trading providers voiced their opinions in this first-of-its-kind piece of research. The post Around two-thirds of buy-siders believe outsourced desks could enhance trade performance in cross-border trading appeared first on The TRADE.

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The prime brokerage pie is growing, which means bigger slices for everyone

The TRADE

Dominic Rieb-Smith, managing director, international head, prime services sales, JP Morgan, refers to the past year as “a standout”. Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% in April 2023, to 92% in 2024. Those are the relatively commoditised parts of the business.

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Is Singapore set to become the next major trading hub?

The TRADE

There’s already a huge section of the asset management community and the asset servicing community, including Northern Trust, that are established in Singapore as large parts of their global operations.” We consider Singapore one of our most significant investment centres, both in Asia and internationally.

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People Moves Monday: RBC, Tourmaline Partners, BlueX and more…

The TRADE

RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financial services to the role, in both portfolio management and rates sales. His most recent role at the inter-dealer broker was as a cross asset sales trader, having spent seven years with the business.

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