Guernsey’s Chief Minister, Jonathan Le Tocq, has held a series of meetings in Washington to boost the Island’s reputation as a leading international finance centre. A week after Guernsey and the USA signed an asset sharing agreement, the Chief Minister
Multi-class asset manager La Française has signed a strategic partnership – pending regulatory approval – with Alger Management (Alger). La Française will take a 49.9% interest in Alger, an affiliate of Fred Alger Management, a US asset management firm. Two
Clearstream is acquiring Citco’s Cork-based financial institution hedge fund custody processing business for a sum in the mid double digit million euro range. The deal allows Clearstream to expand its hedge fund services for financial institutions whilst enabling Citco to
The US Commodity Futures Trading Commission (CFTC) is extending the deadline for public comment on related applications submitted by LedgerX for registration as a derivatives clearing organisation and registration as a swap execution facility. The original comment period ended on
FRMO Corp has purchased a 37.57 per cent stake in the Bermuda Stock Exchange (BSX) and is now the exchange’s largest shareholder. Murray Stahl, chairman of FRMO, will be joining the BSX board of directors (Council). Stahl is also
JonesTrading Institutional Services is to open a London office as part of a strategic initiative to expand its services to Europe. The move comes in response to client demand for regional expansion of the firm’s relationship based model for block
Guggenheim Securities International, the international investment banking and capital markets division of Guggenheim Partners, has commenced operations, providing sales and trading services for European clients. "Guggenheim is pleased to extend its broadened securities platform to deliver thoughtful solutions and ideas
Misys, the leading financial software company, has signed an agreement with targit GmBH to become a member of the InFusion Partner Programme. Misys and targit have been collaborating for many years with targit providing consulting, systems integration and project
Albert Fried & Company has selected SS&C’s Global Wealth Platform (GWP) to support its growing boutique prime brokerage business. Albert Fried & Company was looking to gain a competitive advantage by using web-based performance reporting to enhance internal processes and
Natixis has become a clearing member of Eurex Clearing’s Securities Lending central counterparty (CCP) as well as EurexOTC Clear. The Lending CCP now has six clearing members, while EurexOTC Clear has more than 40. “The CCP model for Natixis will not only help manage the rising
