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This collaboration aims to streamline operations, mitigate risks, and simplify workflows for shared clients in the financialservices industry. This tie-up, linking AI-driven onboarding and data management solutions with the Aladdin platform, aims to provide an efficient solution to these issues.
MetLife InvestmentManagement (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financialservices firm. Nearly $6 billion of assets managed by the acquired team will transfer to MIM, under the terms of the transaction.
As part of a major scheme from the Monetary Authority of Singapore (MAS) to develop the region as a global FX trading hub, several large banks over the last few years agreed to develop FX pricing and trading engines in Singapore, in partnership with MAS. This year, the industry has seen interest in Singapore grow from the buy-side too.
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.
The D epository Trust & Clearing Corporation (DTCC) has revealed that 350 Investmentmanagers are now leveraging CTM’s automated trade affirmation capabilities to accelerate the post-trade lifecycle, as firms prepare for the US move to T+1 trade settlement.
He most recently served as an investmentmanager at ADQ and before that spent two and a half years as a senior trader and portfolio manager at Azimut. Previous experience also includes stints at EFG Hermes and Mubasher FinancialServices.
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. Her new title is unconfirmed; however, The TRADE understands that it is not a trading role. The post People Moves Monday: Shifts in the trading space appeared first on The TRADE.
Ardhendu Sekhar Nanda is a renowned Fintech expert in Treasury data services, Treasury management and Market data, boasting two decades of extensive experience in the financialservices and technology sectors. Ardhendu has proficiently navigated and addressed complex compliance and […]
The TRADE is delighted to announce the shortlisted nominees for the Industry Person of the Year Award 2023. Shortlisted individuals are repeated contributors to discussion whether that be through panels, associations or schemes to support the next generation joining the financialservices industry.
State Street Global Advisors (SSGA) equity and derivatives trader Rikki Corbyn joined Barclays in a program trading role. He joins Barclays after almost 12 years with SSGA, originally joining the firm in 2013 in a trade support role before moving into an equity and derivatives trading role in 2016.
FINBOURNE provides investmentmanagement solutions and a cloud-native data management platform. Across the investment lifecycle, investment and operations teams can increase revenue, reduce costs and better manage risk, the firm claims. “I
Goldman Sachs has achieved improvements in enhancing trade settlement efficiency through the use of Depository Trust and Clearing Corporation (DTCC)’s Central Trade Matching (CTM)’s Match to Instruct (M2i) workflow. We are pleased to provide these benefits to the financialservices industry.”
UBS appointed Carlos Salcedo head of capital markets financing sales Americas, according to an internal memo seen by The TRADE. Before joining Northern Trust Asset Management, Komoro spent six years at Mizuho Trust & Banking Co. as a fund manager for the passive and quantitative investmentmanagement department.
Tigress Financial Partners is set to offer a co-branded version of the Intercontinental Exchange (ICE) TMC bond platform, an anonymous, all-to-all alternative trading system (ATS) operated by ICE Bonds, to its clients. The post Tigress Financial Partners to offer ICE TMC bond platform to clients appeared first on The TRADE.
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.
Bloomberg AIM and Bloomberg Vault have been adopted by India-based NJ Asset Management to help enable its enterprise-wide digital strategy across the entire investment workflow. According to the firms, Bloomberg AIM addresses NJ Asset Management’s specific needs for tools to support rule-based investment decision-making.
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. Kepler Cheuvreux Execution Services (KCx) appointed Seb Klatt as program trading (PT) sales trader.
BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.
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.
Following the implementation of Mifid II in 2018, Europe unbundled trading and research, resulting in all asset managers having to pay for research in cash only. The other solution is that you bite the bullet as a broker and register as an investment advisor, allowing you take cash from anywhere, which can also provide flexibility.
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.
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. Lisa Danino-Lewis, chief growth officer, CLS May 2024 will see the implementation of T+1 in the US and Canada securities market, which will impact FX post-trade.
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.
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.
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.
Rokos Capital Management appointed Sabina Awan as trading solutions consultant, based in London. Most recently, she served as head of strategic initiatives for global trading. Prior to that, she worked as global trading business manager. LMAX Exchange appointed Daniel Lavigne as head of buy-side sales for Canada.
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