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The financialservices industry—including assetmanagers—has had an interesting relationship with Silicon Valley. Assetmanagers should not assume that these tech giants will look past this industry. Assetmanagers should start to prepare for what is likely to be inevitable disruption.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assetsmanaged by Mesirow, an independent financialservices firm. Nearly $6 billion of assetsmanaged by the acquired team will transfer to MIM, under the terms of the transaction.
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. Before joining MEAG, Malakis held senior sales positions with international assetmanagers, including Generali Insurance, Vanguard International and Schroders.
Financialservices falls into this category. According to the cyber crime study, an assetmanagement firm could spend more than $17 million per year on charges relating to managing and recovering from incidents. In total, cyber crime costs an organization an average of $11.7 1] Accenture, Ponemon Institute, LLC.
In recent years, this technique has captivated large financialservices players given its potential to help drive down labor costs, reduce human errors and improve the customer experience. The traditional RPA approach used by large financialservices players usually doesn’t easily work in institutional investing.
He joined Cowen as managing director for fixed income outsourcing in February 2022, transitioning to commodities specialist Marex as part of the sale of Cowen’s outsourced trading and prime brokerage business at the end of last year. Other previous tenures include credit trading roles at both Barclays Investment Bank and Credit Suisse.
Merchant banks are a very important part of the financial ecosystem, since they support the largest chunk of businesses – the mid-sized ones. Merchant banking is a special branch of banking that provides financialservices to medium to small-sized businesses. What is a Merchant Bank?
“One of the key reasons Singapore is an attractive market is it’s pretty well positioned, as it shares the same time zone as Hong Kong,” Gerard Walsh, global head of capitalmarkets client solutions at Northern Trust, told The TRADE.
The underlying question from a financialservices perspective is therefore how to prove that sustainability-related investments are delivering against their “green” promise in a clear and reliable way? But whatever commitments were made by governments and corporations alike (e.g., And it’s not just investors who want this proof.
To help boost the attractiveness of the UK’s financialservices sector, the UK government revealed last night that it had accepted all recommendations from Rachel Kent’s UK Investment Research Review, published yesterday.
The service provider landscape for outsourced trading is made up of an eclectic mix of firms. Boutique independents and the largest financialservices providers co-exist in this burgeoning space which has some elements of comradery and others of fierce rivalry.
On the topic, Rieb-Smith adds: “We’re in an environment where you’ve seen the macro community morph into multi-strats (because they’ve gone into equity strategies whether that be volume, capitalmarkets and ultimately quant). Then you’ve got the quants who have started to look at fixed income products.
These regulations have significantly impacted the operations and behaviour of financial institutions, contributing to greater stability, transparency, and accountability in global financialmarkets. The years following 2008’s GFC experienced continued financial regulatory reform.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. So balance is key here: there are obviously benefits to an internal trading desk within an assetmanager or hedge fund, but the same is true of the opposite for many in 2023.
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