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Cboe Clear Europe has received regulatory approval to clear European Securities Financing Transactions (SFTs), granted by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). Initially, the service will cover key European markets, with plans to expand the offering based on client demand and market developments.”
which has also outperformed the market in the past three months by climbing about 38%, may continue to rally. Assetmanagers and capitalmarkets analyst Alexander Blostein, who rates State Street a buy, calls its risk-reward profile the "most attractive" among trust banks in his coverage.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assetsmanaged by Mesirow, an independent financial services firm. Nearly $6 billion of assetsmanaged by the acquired team will transfer to MIM, under the terms of the transaction.
Investors are looking for opportunities in alternative assetmanagers and in cybersecurity. Alternative assetmanagers Ben Snider of Goldman Sachs sees opportunity in alternative assetmanagers. Then of course, all attention turned to tariffs, the market sold off, and these companies fell with it.
As a result, policy makers have been urged to ensure that the European Union will maintain its competitiveness in the global fixed income markets, alongside preserving and potentially expanding existing liquidity in EU bond markets, which in turn will continue to ensure issuers have an effective way to finance their investment needs. “It
I was there through 2015, then Bank of America, before I joined Conversant Capital in early 2021. I oversee the capitalmarkets function and I assist in origination. Our public positions and investments have originated through a rigorous capitalmarkets process. There’s been a reopening in capitalmarkets.
But what does the persistent evolution of AI mean for capitalmarkets specifically? Speaking to The TRADE, Timothee Consigny, chief technology officer at H2O AssetManagement, asserts that there is a definite place for artificial intelligence within capitalmarkets and the time for adoption is now. “[Gen-AI]
The solution, called SIX Fixed Income Data, is designed to provide banks, assetmanagers, wealth managers and hedge funds globally with reliable fixed income data, based off an array of information sourced from global markets. The provider has said that the offering will give clients access to data for 3.6
Digital Asset’s blockchain network Canton has completed a pilot involving a large group of major investment banks and assetmanagers demonstrating interoperability of independent distributed ledger applications (dApps) in the capitalmarkets domain.
The global head of capitalmarkets at German assetmanager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter, The TRADE can reveal. Keshava Shastry Shastry, a managing director based in London, had been with the German firm for over ten years.
James Hilton was appointed multi-assetmanaging director in RBC’s low touch team, joining from Credit Suisse, where he had been serving as head of sales for EMEA for the bank’s advanced execution sales (AES) team. Balyasny AssetManagement appointed Harrison Chesterton as associate director within its equity finance trading division.
UBS appointed Carlos Salcedo head of capitalmarketsfinancing 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.
SIFMA and its assetmanagement arm have published an open letter expressing concerns about the SEC’s proposal to redefine what constitutes an exchange and expand Regulation ATS, stating that it is not appropriately tailored to existing systems.
Some 83% of assetmanagers plan to change product strategy in the next two years, a new survey from Northern Trust has found, emphasising the need to cater to diverse investor needs. Technology appears to be at the heart of that change, with 77% planning to leverage new tech within the same timeframe.
Northern Trust promoted Dane Fannin as its new head of global foreign exchange (GFX)and securities finance within its capitalmarkets business. In his new role, Fannin will be responsible for innovation and business growth across Northern Trust’s suite of GFX and securities finance solutions.
Citi has promoted John McLean to head of equity capitalmarkets (ECM) and global assetmanagers (GAM) for Australia and New Zealand following more than two decades at the firm. From 2010 to 2021, he also led Citis local capitalmarkets origination team.
This time being the internal promotion from Northern Trust for its new head of global foreign exchange within its capitalmarkets business. Dane Fannin was named global head of global foreign exchange (GFX) and securities finance. He originally joined the bank in 2006 in a securities lending role.
Atkins joined Redburn Atlantic in 2004 as a sales trader having previously served for eight years at Morgan Grenfell and two years at Marathon AssetManagement. The global head of capitalmarkets at German assetmanager DWS, Keshava Shastry, has left the business, according to two people with knowledge of the matter.
Example of Merchant Banking In 2021, merchant bank Avendus Capital helped the Indian company Piramal Enterprises acquire the debt-ridden assets of Dewan Housing Finance Corporation (DHFL) for ₹34,250 crore ($4.4 This service helps companies to raise the required funds from the public. This saves valuable time and effort.
What is the future outlook for AI use across capitalmarkets? This year the market will see more generative AI use-cases go from pilots to production. Throughout 2023, we saw generative AI experimentation across the capitalmarkets ecosystem. How is the industry adjusting to the increasing prevalence of the cloud?
Investor appetite for such investments is rapidly increasing, as banks, assetmanagers and large corporates all seek ways to invest in sustainability. By doing so, DLT is likely to catalyze the emergence of a whole new generation of sustainable finance and other financial instruments.
EU assetmanagers, banks and brokers are urging policy markets not to succumb to pressure that could potentially lead to suboptimal outcomes in the Markets in Financial Instruments Directive (Mifid/r) review.
Race for Europe’s first ‘real-time’ stock trade tape heats up By Huw Jones LONDON (Reuters) – Banks and assetmanagers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capitalmarkets and better compete with Wall Street.
We fully integrated our financing and securitisation capabilities within our markets business and we started to see the benefits of having a unified spread product offering for our clients,” said Citigroup managing director Jane Fraser speaking in the Q1 earnings call. Jefferies Jefferies’ results saw a net revenue of $1.74
That’s made these firms more attractive to sponsors and sellers, giving the asset class an upper hand in setting buyout terms. “Credit funds have become the go-to for financing—they can cut big checks and raise money with relative ease with a track record,” said Joe Stein , managing director at Solomon Partners.
LiquidityBook is set to acquire boutique capitalmarkets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities. The Messer financing engine fit smoothly into LBX’s services-based architecture, enabling a seamless integration.
For the right person, though, fixed income research can be even better than equity research, whether you’re at a bank, an assetmanagement firm, a hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? Sometimes, fixed income traders even get in (depending on their desk and role).
Celebrating Women’s History Month with… Liontrust AssetManagement’s Maddy Davies To celebrate Women’s History Month 2024, Annabel Smith sits down with trader at Liontrust AssetManagement, Maddy Davies, to unpack her journey to the trading desk, core skills for success as a multi-asset trader, and navigating the current liquidity landscape.
David Berney and Michael Broadbent run Ergo Consultancy which delivers what it refers to as provider “beauty parades” for buy-side organisations looking to outsource their trading, whereby it presents all the services in the industry to that assetmanager, hedge fund or asset owner.
In addition to the billion dollar-plus launches, CIBC Mellon also points out to us the noteworthy increase in scheduled fund launches with assets under management of $500 million or greater – up almost two-fold on what was observed in 2023. They are now trading in all these other asset classes.
Investment Banking Activities Investment banks have a dual role; they provide advisory services to corporations and governments and raise capital by issuing and selling securities in the capitalmarkets. When Facebook went public in 2012, it needed an investment bank to handle the Initial Public Offering (IPO).
Brookfield Infrastructure Partners LP (BIP) and its institutional partners, along with existing investor Ontario Teachers’ Pension Plan, on Tuesday, June 20, announced that they have agreed to acquire Compass Datacenters LLC from RedBird Capital Partners LLC and Azrieli Group Ltd. was debt financing adviser.
These regulations have significantly impacted the operations and behaviour of financial institutions, contributing to greater stability, transparency, and accountability in global financial markets. New rules have impacted almost every financial firm, ranging from banks to assetmanagers.
Magnus Haglind, head of products for marketplace technology, Nasdaq The first wave of gen-AI use cases across capitalmarkets technology has sparked widespread energy and excitement about its future potential. We have seen early applications of GenAI in the areas of market observability, risk assessment and operational efficiency.
As part of the role, Wilkes will be responsible for the firms sales efforts across EMEA and APAC, focusing on the assetmanagement and asset servicing communities. The Association for Financial Markets in Europe (AFME) appointed April Day head of capitalmarkets.
Private credit refers to lending between a non-bank lender , such as an assetmanager or investment fund, and a company. Finally, its useful for getting a full picture of the companys operations and issues that might create the need to raise capital in the future, since it tracks the Net Change in Cash more completely.
Central clearing will play a key role in this debate, which will be essential for advancing the region’s capitalmarkets, and we look forward to Emir 3.0 This conversation is especially relevant as cross-border transactions grow in volume and as assetmanagers expand their investment in international markets.
Healy confirms that nowadays, Fidelity seeks out people who are more technology-focused and have more technical skills than in the past, but explains that from his view what is always helpful is for traders to have an interest in financial markets including a wide-ranging macro view of the industry and of capitalmarkets.
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