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With so much bandwidth being absorbed by the gravitational pull of Brexit, hedge fund managers could be forgiven for paying short shrift to the Senior Managers and Certification Regime (SM&CR), which formally comes into effect on 9 December 2019.
Set to replace the existing UK Approved Persons Regime (APR), it is a relatively straightforward regulation, intellectually speaking, and nowhere near as daunting as the 7,000 page tome of MiFID II, but even so managers are advised not to leave it too late to ensure senior managers have been properly trained and made aware of their roles and responsibilities.
A recent
Digital Vega, an FX Options e-trading platform and provider of FX Options trading solutions, has made three senior appointments – Simon Nursey as Head of Asia, Asa Attwell as Head of Product Development, and Laura Winkler, EMEA Relationship Manager.
Nursey joins from Standard Chartered Bank, where he was Head of FX Options Trading in Asia since 2012. Prior to this he was Global Head of Currency Options trading at BNP Paribas for 17 years, working in both London and Singapore.
Attwell was previously Head of EMEA FX and Emerging Markets at Nomura. Prior to this he worked at BNP Paribas
Independent specialist asset manager, Unigestion, has completed its migration from on-premise to a cloud-based model, on SimCorp Dimension.
Unigestion’s migration addresses the operational burden faced by many buy-side institutions, as they seek more flexibility, scalability and elasticity within their investment operations.
Unigestion is the first client to migrate from on-premise to SimCorp’s delivery model, chosen by 20 buy-side institutions around the world. The asset manager will now more efficiently consume and manage SimCorp Dimension, with access to a suite of SimCorp managed services, via cloud technology. The implementation sees Unigestion utilise the full service stack of SimCorp Dimension.
As part of a proof of concept, SIX is working with the SNB to explore technological options to make digital central bank money available for the trading and settlement of tokenised assets between financial market participants.
The technological foundation for its feasibility is provided by the SIX Digital Exchange, which uses distributed ledger technology.
The SIX Digital Exchange (SDX) continues to progress according to plan, making it the world’s first distributed ledger technology (DLT)-based platform for the issue, trading, settlement and custody of digital assets.
This exchange innovation is now joining forces with innovation in the currency space:
Tradeweb Markets has significantly expanded its portfolio trading functionality for corporate bonds, enhancing access to competitive liquidity globally.
Portfolio trading at Tradeweb improves execution efficiency by allowing institutions to package multiple bonds into a single basket, negotiate a portfolio level price with liquidity providers including banks and principal trading firms, and execute in a single transaction. Tradeweb was the first trading platform to offer portfolio trading for corporate bonds and has facilitated a total USD21 billion year to date, with single trades as large as USD1 billion in notional value. In the same timeframe, Tradeweb was the leading corporate bond
Financial services provider Apex Group has appointed Renaud Oury as Group Chief Data Officer (CDO) and as a member of the Executive Committee.
The creation of this role strengthens Apex’s position as an industry leader and reflects its commitment to building a data driven organisation.
Oury’s, whose appointment is effective immediately, is based in Luxembourg, one of Apex’s largest service centres, and as CDO he will be responsible for developing and managing a comprehensive analytics strategy for the Group. His priority will be to leverage data and information to improve efficiencies, enhance client service and support the Group’s future
BCS Global Markets (BCS GM) has appointed Alexey Bachurin as the firm’s new Head of equity trading. Bachurin will be based in London, reporting to co-heads of Global Equities Luis Saenz and Oleg Achkasov.
As part of his new role, Bachurin will be responsible for equities execution with an emphasis on global markets. As Head of equity trading, Alexey will also oversee all BCS GM’s Equities Trading departments.
With more than 20 years’ experience in the financial sector, Bachurin joins BGS GM having held senior management positions within equity trading at the likes of IFC Metropol, Metallinvestbank and Renaissance
A new study by the law firm Seward & Kissel of the hedge fund industry’s use of side letters – special agreements between hedge funds and their investors – shows a marked decrease in the share of side letters issued to funds of funds.
The study also revealed that most-favoured-nation clauses continue to be the most commonly used term in side letters.
The Seward & Kissel 2018/19 Hedge Fund Side Letter Study, indicates that funds of funds received just 37 per cent of all side letters. That figure has dipped substantially from last year’s study, in which they accounted
Given the current market uncertainty, start-up and emerging hedge fund managers must be clever in their choices when bringing a fund to market in 2020 and beyond. And this November, the inaugural Hedgeweek Emerging Manager Summit will provide a forum for managers to explore the challenges and opportunities they must consider en route to a successful launch…
Start-up and emerging managers face an uphill battle to establish and differentiate themselves in such a competitive market space. There are many opportunities that emerging managers can take advantage of when first starting out on their journey. However, having an awareness of the
Broadridge Financial Solutions has incorporated of Sisense’s embedded data analytics into its revenue and expense management application.
Broadridge’s sell- and buy-side clients can now benefit from enhanced data analytics, operational workflow efficiencies and transparency, helping them to gain instant insights into revenue and expense streams and achieve an advanced level of reporting.
Broadridge’s revenue and expense management solution aims to offer a flexible, rules-based technology application that tracks and calculates asset management, FX, transaction and performance fees across a variety of complex workflows and fee structures, and improves revenue reporting. Asset management, hedge fund, wealth and bank clients utilise
