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According to the businesses, the aim is to “revolutionise India’s assetmanagement industry and transform financial futures” through combining the scale and investment history of BlackRock, with the technology resources and local market knowledge held by JFS.
Ryan O’Connor has left Goldman Sachs AssetManagement and is set to join ETF provider Global X ETFs as chief executive on 8 April. He most recently served as global head of ETF product, having initially joined Goldman Sachs AssetManagement back in 2017 to build out the US fund strategist model portfolio business.
Linedata’s 2023 global assetmanagement survey has found the main focus globally is on future cost saving and automation. Overall, the area where AI has been most deployed across the industry globally is in investment research at 32%, revealed the survey, closely followed by portfolio analytics and riskmanagement at 30%.
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. For more on cyber resiliency, read our InsideOps: Cybersecurity for AssetManagers: Shielding Your Firm from Risks.
German assetmanager BayernInvest has adopted an integrated suite of Bloomberg solutions to support its front-to-back workflows. Expanding our engagement with Bloomberg as our technology partner has enabled us to streamline our investment management and operations workflows,” said Alexander Mertz, chief executive of BayernInvest. “It
By Tim FitzGerald, Financial Services Manager, InterSystems Banks and financial institutions need to make 2024 the year of higher-quality data. Our systems and data are not performing as they should” is often a challenge met by frontline teams in investment, assetmanagementrisk-management, and, in fact, […]
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the riskmanagement practices of prime brokers. This is a timing problem which causes issues on T+1 if there are any trade discrepancies between the assetmanager and the executing broker.
Senior equity trader at Janus Henderson, Stuart Mair, left the assetmanager after 14 years. Prior to his most recent role he spent six and a half years as a multi-asset trader. He originally joined the assetmanager in 2010 as an RFP associate on the fixed income team.
Read more: Fireside Friday with… Morgan Stanley’s Maria Salamanca Mejia Previously in his career, McMahon worked as a centralised dealer at Bank of Ireland AssetManagement, working on the multi-asset global trading desk.
He also spent several years at Goldman Sachs in a riskmanagement and product control role. The assetmanagement heavyweight has made several senior trading appointments in the last year after it also promoted former EMEA head of rates trading Robert Mitchelson to become head of fixed income and FX trading for the region.
This means that the margin requirement is quite material – it’s quite a significant amount.” Morgan further asserted: “Nobody wants to cut corners when it comes to riskmanagement […] that means that clients want to future-proof their businesses.
“Our offering will certainly appeal to new user groups that have stricter ESG mandates and need to invest responsibly, such as assetmanagers who invest on behalf of endowment funds or foundations.”
Cheung was previously a strategic account manager at Enfusion, focused on APAC-based hedge funds, family offices and assetmanagement firms. In his new role, Hoong will provide technical account management and support to clients in Hong Kong.
If you look at sovereign wealth funds and pension funds, as a macro trend, they’re starting to insource more of their own riskmanagement. So, they’re starting to ask their managers and their custodians and administrators for data that’s at the same time point.
He also spent several years at Goldman Sachs in a riskmanagement and product control role. M&G’s global assetmanagement arm appointed Manabu Fujita as head of M&A Investments Japan. Fujita joined from Schroders Investment Management Japan, where he spent the last 15 years, most recently serving as head of sales.
“The launch of Cboe S&P 500 Variance Futures comes at a crucial time when riskmanagement is top of mind for many market participants, amid the backdrop of the upcoming US election, shifting monetary policy and ongoing geopolitical tensions,” said Rob Hocking, head of product innovation at Cboe.
Read more – The Outsourced Trading Handbook 2023 Finally, the important aspect of data was addressed, specifically its role in model riskmanagement and the potential for AI to affect risk through sample bias, model drift, and the black box effect.
Major assetmanagers, ourselves included, have traditionally favoured partnerships with banks known for their research and presence in a particular region. Recent trends highlight an increasing demand from assetmanagers, fast money, and quant funds, expediting the transition toward electronification in NDF markets.
Read more – Sell-side riskmanagement systems need an overhaul, finds new report Amid an uncertain environment, firms are also more aware than ever of the importance of knowing exactly where their capital is being held and just where their exposure is – with a trend surfacing of market participants looking to hedge more of their exposure.
Cboe Clear Europe has secured the support of a broad range of key market participants, including banks, clearing firms, assetmanagers and custodians, who are expected to support the launch of this service. Settlement will take place in 19 European Central Securities Depositories (CSDs).
Marex’s clearing business offers infrastructure services to a range of clients including banks, hedge funds, assetmanagers, corporates and trading groups. Through this addition, ASX – which currently only has a few participants – will see better counterparty riskmanagement and more depth added to the marketplace, according to Marex.
The electronification of pricing in swaps has been around for 25 years, the second wave of electronification came around riskmanagement and the third wave is now focused on electronic hedging,” said Simon Jones, chief growth officer at 360T. It needs good TCA. We are currently 85% automated and do we want to go further?
Our role today is to implement these processes to automate as much as possible, while respecting constraints related to compliance, riskmanagement, etc. In your opinion, what skills should be the main priority for traders looking to succeed in the equities space?
Elsewhere, Kirk is set to oversee and enhance Tourmaline’s services in support of assetmanagers globally as part of his new role. BlueCrest Capital Management’s new company, FX trading technology platform BlueX, has appointed Graham MacGregor as chief executive officer.
When asked about why the CCP’s latest efforts to introduce SFT clearing would succeed where others have failed, Beckwith said: “It didn’t work because the regulatory push wasn’t there then, the Basel requirements weren’t so heavy.
Edelweiss Financial Services: India’s leading financial services company, providing a wide range of services to businesses, including investment banking, assetmanagement, and wealth management. It can also provide advice and assistance in areas such as financial management, corporate strategy and riskmanagement.
Subject to regulatory approvals, the service will come through its Amsterdam-based clearing house and introduce matching, CCP clearing, settlement and post-trade lifecycle management for SFT transactions in European cash equities and ETFs, and settlement will take place in 19 European Central Securities Depositories (CSDs).
at a hedge fund , prop trading firm , or assetmanagement firm and then move into a commodity role once you prove yourself. Start in trading and pivot into commodities. For example, you could start trading a slightly more accessible product (equities, options, etc.)
BMLL Technologies BMLL provides its clients – banks, brokers, assetmanagers, hedge funds, global exchange groups, academic institutions and regulators immediate and flexible access to Level 3, harmonised, T+1 historical order book data and advanced pre- and post-trade analytics at scale.
Perpetual futures are a main stay of the crypto ecosystem in terms of linear riskmanagement, but essentially there is highly limited access for North American players in that space, if any at all. Although I think that the greatest potential is probably withthe hedge fund and the assetmanager clients.
A private banker is a financial professional who manages the investments and financial needs of high-net-worth individuals and organizations. Private bankers provide personalized financial services, such as assetmanagement, estate planning, and tax advice.
RiskManagementAsset Valuation: Proper estimation of salvage value is crucial in ensuring accurate asset valuation, which is fundamental in risk assessment and management. and Europe, require accurate reporting of salvage values for depreciation and asset valuation.
Notable transactions include the January 2024 acquisition of $54 million EV Damstra Technology, a provider of integrated workplace management software and related mobile applications for businesses worldwide. The software provides features for access control, assetmanagement, eLearning, and predictive analysis.
AssetManagement and Private Banking While most of us are familiar with regular banking services, there's a high-end segment dedicated to the uber-rich and institutional investors. These services can range from simple wealth management advice to intricate financial planning and strategy.
It’s about riskmanagement philosophy and methodology,” explains Papanichola. During that period of my training, I was actively taking positions, taking risk, fundamentally managing a portfolio of sorts in macro products.”
Head of the EMEA equities desk at the world’s largest assetmanager, Paul Battams, oversees a highly talented team of 14 traders covering the scope of equities and equity derivatives execution for the entirety of BlackRock’s investment teams.
Additionally, we remain vigilant in working with emerging talent early and providing them differentiated resources across consulting capital introductions, talent management, technology and client service to help these new entrants launch their businesses successfully.” It’s not all sunshine and rainbows in the prime brokerage world, however.
New rules have impacted almost every financial firm, ranging from banks to assetmanagers. In a wider sense, Basel III impacted financial market by promoting greater stability, resilience, and riskmanagement within the banking sector. The years following 2008’s GFC experienced continued financial regulatory reform.
Anna Nordstrom, head of the domestic and international markets functions in the markets group at Deferral Reserve Bank of New York, shared that the current reach of the FX global code extended to 1300 entities – including the top 15 assetmanagers globally.
Jamil Jiva, global head of assetmanagement, Linedata As we leave 2024 behind, artificial intelligence is set to transform industry practices. From riskmanagement and regulatory compliance to predictive analytics and cybersecurity, AI promises to bring a new era of transparency, efficiency and innovation to the finance ecosystem.
Devexperts has launched a fully customisable, single-dealer multi-asset platform, designed for banks, hedge funds, assetmanagers, and market makers seeking to update front-end legacy systems. In addition, the offering will provide full scalability and deployment options, enabling it to adapt to changing institutional needs.
By partnering with FlexTrade, we aim to support our clients trading, riskmanagement, and operational resilience efforts globally. Client demand for cross-market efficiency is a primary driver for GLMX to deliver new technologies and connectivity, said Andy Wiblin, chief operating officer at GLMX.
The integration of Yield Books best-in-class fixed income analytics with Axioma Risk enables more clients with market-leading data, analytics and riskmanagement tools at their fingertips, said Emily Prince, group head of analytics at LSEG. This is another step toward enabling faster and more informed investment decisions.
Stockholm-based Sjstrm Chanteloup joined from JP Morgan AssetManagement, having most recently served as head of Nordic ETF distribution. His experience spans more than a decade and encompasses work on trade execution, flow trading, market making, riskmanagement and data.
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