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The expanded partnership will also include an extension of Nasdaq’s market surveillance partnership with IDX, alongside an agreement to enhance IDX’s index business to help foster a global capitalmarkets ecosystem.
MetLife Investment Management (MIM) has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent financialservices firm. Building businesses with investment talent is a core belief, said Jude Driscoll, president at MIM.
According to the businesses the specialised platform for capitalmarkets is an industry first, with development already underway beginning with customer testing in the Dallas Google Cloud region. Read more: As cloud adoption across the market continues to rise, is the shift of liquidity itself next to follow?
Robotics Process Automation (RPA) is the application of robotics technology to manipulate existing application software which completes a business process. 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.
What do medium to big-sized businesses have? 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.
They will need to take the CapitalMarkets Union more seriously and remove the frictional cost of trading between countries. In light of geopolitical realities, sluggish economic growth, and constraint public finances, it will be particularly critical for the EU to ensure a new vision in regard to the CapitalMarkets Union.
Clear Street has appointment Christopher Smith as chief executive officer of its futures clearing business. Smith brings more than 30 years’ experience in the capitalmarkets sector to the role, having worked in various exchanges and regulators, alongside helping develop market and industry standards.
If you think the cost of doing business is rising, here’s another element to consider. Only this one does not come about by market forces, but rather by menaces in the netherworld. The genesis is the online environment – that powerful capability at our fingertips we depend on for so many facets of our business and everyday lives.
SBI, the country's largest public sector lender, on Monday raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth. The fund was raised at INX's Global Securities Market (GSM), GIFT International FinancialServices Centre (IFSC) at Gandhinagar from global investors.
Such agents are therefore supposed to do more than just automate routine tasks: ultimately, they are intended to be able to choreograph entire business workflows, learn from their past performance, acquire further knowledge, and then self-improve. This forces operations analysts to switch between numerous systems.
Why are these cloud providers – hugely profitable in their own right – injecting money into exchanges and seemingly competing for market share across the capitalmarkets landscape in order to assist the trading ecosystem with their shift? But we must ask ourselves – why?
UBS appointed Carlos Salcedo head of capitalmarkets financing sales Americas, according to an internal memo seen by The TRADE. As part of the role, he helped enhance Barclays’ custom baskets business. Northern Trust Asset Management appointed Naoto Komoro to lead its asset management business in Japan.
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. The move follows the addition of Giles Gleave and Mike Heraty who were appointed as managing directors at RBC CapitalMarkets in July.
As one of the most anticipated awards of the year, the recognition is designed to celebrate those individuals who have made a significant impact on their own organisation and, equally, the industry externally, with a commitment to bettering and future proofing the markets for years to come.
The financialservices industry—including asset managers—has had an interesting relationship with Silicon Valley. This is just what Alibaba, an Amazon-like tech firm in China, did when it entered the mutual fund business in that market. appeared first on Accenture CapitalMarkets Blog.
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.
“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.
As world leaders gathered in Dubai for the COP28 summit last month, the battle against climate change has returned to the top of the public, political and business agendas. But whatever commitments were made by governments and corporations alike (e.g.,
Sibbern is currently executive vice president and president of European Markets at Nasdaq and will also sit on the SIX executive board as part of the role. Sibbern has been active in the capitalmarkets space for more than two decades and has worked in various roles for Nasdaq as well as other exchange institutions.
Many of them are partnering with fintechs in client-centered business ecosystems. Increasingly, I see fintech players becoming vendors in service to the incumbent players. For more on this type of successful partnering, see Scott Reddel’s recent blog on why building the wealth platform of the future takes a village.
After a few turbulent years stemming from market volatility, rising interest rates, geopolitical turmoil, inflation, soaring energy prices, client performance, fee pressures, a mini banking crisis, looming regulation, constant tweaking of risk models, rising client complexities and the notorious Archegos saga… well, things are looking up.
Here wealth managers are often behind their counterparts in other sectors of financialservices. Furthermore, it also provides opportunities to e.g., leverage green cloud to reduce carbon footprint and energy consumption—which might in turn be contributing to clients’ perception of a wealth manager as a responsible business.
By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success Raising private equity funds is seen as the holy grail for businesses who want to grow quickly, simply because the strength of capital opens the door for rapid growth. What is private equity and how does it work?
Lots of clients are learning about how AI can help them in their own businesses. The evolution of generative AI is incredibly exciting and the scope to adopt these technologies to drive efficiencies and improve service across all sorts of things within financialservices is huge.
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. Will we see more M&A?
Among the domestic banks, most people view Avendus, Kotak, JM Financial, ICICI, and Axis as “the best” in terms of deals, work, and compensation. Mumbai is the financialcapital, but some firms also operate in cities such as Bangalore, Kolkata (Calcutta), and Delhi NCR.
The pandemic marked a seminal moment across the capitalmarkets, effectively drawing a line between the old world and the new. And soon, it may no longer be just a service that applies to smaller fund managers. “In It’s no longer all or nothing. It’s no longer relinquishing control. It’s no longer just a defensive play.
Its black background and computerised white text might seem a little out of date to individuals outside of the industry but its role in the financialmarkets has cemented this interface as a poster child for financialservices. CLS Coming in at number three is the multi-currency settlement system, CLS.
Traditionally, many securities transactions have settled on a T+2 basis, in which buyers receive ownership of a security and the seller receives payment two business days after the trade date. Compliance with the rule has resulted in notable costs on banks, leading to worries about its impact on profitability and competitiveness.
The recently-published EU competitiveness report, penned by former prime minister of Italy Mario Draghi, is the latest in a long line of research projects that has shone a spotlight on the EU capitalmarkets, reaching a similar conclusion to those gone before it: things need to change. That naturally leads to consolidation.
Such agents are therefore supposed to do more than just automate routine tasks: ultimately, they are intended to be able to choreograph entire business workflows, learn from their past performance, acquire further knowledge, and then self-improve. This forces operations analysts to switch between numerous systems.
Summary of: What Buyers Are Looking for in AI and SaaS Company Acquisitions in 2025 As we move deeper into 2025, the M&A landscape for AI and SaaS companies continues to evolve shaped by macroeconomic pressures, shifting capitalmarkets, and the accelerating integration of artificial intelligence across enterprise software.
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