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FINBOURNE Technology has completed a secondary funding round which follows a Series B funding round of £55 million in June this year. Thomas McHugh The secondary funding round brings the total to over £100 million, making it one of the largest series B raises in the UK.
BNP Paribas has entered into a definitive agreement to acquire 100% of AXA InvestmentManagers – representing around €850 million in assets under management – for just over €5 billion. The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets.
Ascension Ventures Early-stage VC built by exited entrepreneurs ready to back the next generation of tech and impact founders Augmentum Fintech Augmentum Europe’s leading publicly listed fintech fund, investing in fast growing businesses that are disrupting the financialservices sector.
He joined Northern Trust in 2007 and has since worked in senior roles across portfolio management, client management and sales. Before joining Northern Trust Asset Management, Komoro spent six years at Mizuho Trust & Banking Co. as a fundmanager for the passive and quantitative investmentmanagement department.
TS Imagine has expanded its team in the Asia Pacific with two new appointments from investmentmanagement fintech Enfusion. Stephanie Cheung has been appointed sales director, while An Hoong will work within the account management team, responsible for technical account management and client support.
Hong Kong continues to be very active, with its authorities keen to maintain their hold on the financialservices sector. We’ve seen a lot of activity with hedge funds and asset managers establishing themselves in Dubai or Abu Dhabi,” noted Walsh.
Polar Capital’s head of trading Alex Jenkins has left the boutique hedge fund to join rival Millennium later this year, The TRADE can reveal. Jenkins has been head of trading at Polar Capital for three and a half years, joining in 2019 after serving with Highbridge Capital Management for five years as its head of European trading.
The immediate focus for the business is set to be investing in client service and portfolio management, specifically hiring in senior sales and distribution team members focused on Europe and the UK, as well as investmentmanagers for both the luxury brands and credit opportunities strategies.
Peter Welsby, head of European FICC trading, Manulife InvestmentManagement Regulation will continue to direct market trends in 2 024, just as it has in recent years. Benefits include reduced trade risk, lower clearing fund requirements, improved capital utilisation, and enhanced operational efficiency.
RBC appointed Guy Chalkley as managing director, UK flow rates sales. Chalkley brings more than three decades worth of financialservices to the role, in both portfolio management and rates sales. Before joining RBC, Chalkley spent 11 years at NatWest Markets.
One of the greatest revelations across the financialservices sector (and beyond) was that mantra of ‘we don’t have to do things the way we used to’ as office hours turned to hybrid work-from-home setups and video conferencing and instant messaging became the norm. Outsourced trading is no longer a taboo topic.
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.
Shortlisted individuals are repeated contributors to discussion whether that be through panels, associations or schemes to support the next generation joining the financialservices industry. He began his career at the UK’s HM Treasury, before moving to AIG Investments to manage fixed income funds.
The reversal comes as part of efforts to boost the attractiveness of the UK’s financialservices sector and becomes the latest divergence in regulation from the EU following Brexit. However, many critics argued that it has had a negative impact on the industry, including a reduction in the amount of investment research available.
Broadridge Financial Solutions has appointed Stephen Wilkes senior vice president, head of international buy-side sales. Wilkes brings extensive experience in financialservices, having previously held senior roles at Deutsche Bank, JP Morgan and Goldman Sachs.
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