Anglo-Swiss multinational commodity trading and mining company Glencore has reported ‘strong financial performance’ for the first six months with adjusted EBITDA of USD8.3 billion, up 23 per cent, and adjusted EBIT of USD5.1 billion, up 35 per cent. 
 Net
Kleinwort Benson Bank has appointed Sally Tennant as chief executive, effective from mid-January 2011 subject to regulatory approval. Tennant joins from Lombard Odier Darier Hentsch, the Swiss private bank, where she was chief executive of its London-based private banking operation.
The Eurekahedge Japan Hedge Fund Index crossed the 200-point mark for the first time to reach its highest level on record, according to the index provider.
RBC Global Asset Management saw mutual fund net sales of USD524 million in July, with sales of long-term funds registering USD549 million. Money market funds meanwhile had net redemptions of USD26 million. Mutual fund assets under management increased by 1
Alternative investment firm Permal Group has appointed Marilyn Schaja, formerly at Ivy Asset Management, to the Permal Americas sales team as senior vice president and head of US distribution channels. Schaja, who started on 4 October, reports to Joshua Levine,
Singapore Exchange (SGX) and The Philippine Stock Exchange (PSE) have entered into a Memorandum of Understanding (MOU) to cooperate in the development of Philippines-linked derivatives products. As part of the MOU, SGX and PSE will jointly explore the development and
Following a marginal uptick in performance in June, CTAs faced headwinds again in July with all of Societe Generale Prime Services’ SG CTA indices posting negative returns. Although the performance was up in the first half of the month, conditions
Arnaud Apffel has joined Deutsche Bank Private Wealth Management as managing director, head of global investment solutions for Europe, Middle East and Africa. Apffel will oversee all global investment solutions activities across all asset classes for EMEA. Based in Geneva,
Torstone Technology, providers of securities and derivatives processing software to the global financial markets, has readied its Inferno post-trade processing solution for Financial Transaction Tax (FTT) and is rolling out the upgrade to existing clients. Some 11 European countries have decided
Eze Software, a global provider of investment technology, has expanded its best execution offering with Trade Informatics’ (TI) Strategic & Tactical Analytic Research & Trading tool (START), a broker neutral automated intelligent trading engine. Backed by TI’s advanced pre-trade transaction
