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PremiaLab, a Fintech platform for risk premia strategies, has appointed Dr Georgios Sittas as Managing Director, Head of Risk Solutions to lead its key products expansion linked to risk solutions.
Sittas as previously served at Lehman Brothers and HSBC as Head of Investment Solutions Trading in London and then Head of Index & Structured Products Trading, Head of Equity Derivatives Trading and Head of Funds and Structured Solutions at Standard Chartered Bank in Hong Kong.
Sittas has over 20 years’ experience in investment banking and trading. He will be responsible to further deploy PremiaLab’s ambitious growth strategy addressing new
Stonehage Fleming, an independently owned international Family Office, has appointed a new Group Chief Executive Officer.
Formerly CEO of Ipes, a European provider of fund administration and outsourcing services, Chris Merry’s appointment is effective from 3 September 2019. He will be based in Stonehage Fleming’s London office.
Merry will be taking over from Giuseppe Ciucci, Stonehage Fleming Group CEO since 1997. Ciucci will remain in a full-time executive capacity as Managing Partner, concentrating first and foremost on serving existing clients as well as building new client relationships. He will also become Deputy Chairman of the Board, where he will
Centaur is planning a series of celebrations to mark the tenth anniversary of its launch in the fund administration space, having first opened its doors to business in Dublin back in 2009.
The firm will be celebrating what it describes as ‘an exceptional first decade of fund administration’ with events on both sides of the Atlantic including a 10th birthday party in New York in September.
Over the last 18 months Centaur, which provides independent fund administration and regulatory services to hedge funds, funds of funds, private equity and real estate funds, insurance-linked securities funds, family offices and institutional investors,
UK fund providers will have until 15 September 2019 to submit a ‘Brexit licence’ to the Luxembourg regulator to continue trading in the Grand Duchy.
The Commission de Surveillance du Secteur Financier (CSSF) is warning that unless firms submit a notification to them by that date, they will be considered as ‘third-country entities’. This would result in a loss of passporting rights and sanctions, should they continue to pursue regulated activities in Luxembourg following a no-deal Brexit.
All UK firms authorised under The Capital Requirements Directive (CRD), Markets in Financial Instruments Directive (MiFID II), Payment Services Directive (PSD2), or
Tether, the USD pegged Stablecoin (USDT), can now also be used to subscribe on BitSpread’s BlockBerry.com an online crypto wealth management and trading platform run by the BitSPread Group.
BlockBerry Wealth Management provides access to cryptocurrency investment strategies for sophisticated investors such as institutions, family offices, wealth managers and high net worth individuals. BlockBerry Trading is a tiered service platform that provides users with professional quality cryptocurrency trading services such as ready-to-trade and bespoke algorithms, click-through trading and option pricing.
Giancarlo Devasini, CFO of BitFinex, says: “We are excited BitSpread has made the decision to accept Tether as payment
Dynamic Funds has launched its fourth liquid alternative offering – Dynamic Credit Absolute Return II Fund – a credit-driven solution that is managed using investment strategies beyond the reach of a traditional mutual fund.
“We are pleased our liquid alternative line-up has been so well received – our liquid alternatives are a natural evolution for us, as Dynamic has a long history of providing both traditional mutual funds and hedge funds to Canadian investors,” says Neal Kerr, President & CEO, Dynamic Funds.
This latest Fund extends the recently launched suite of liquid alternatives, which include: Dynamic Alpha Performance II
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, thas appointed James Few to become CEO of its London office. He will report to Rob Bredahl, President and COO.
“James Few is a proven leader within the reinsurance industry,” says Bredahl. “He played a key role in the development of Aspen Re, created a range of innovative ILS structures, was chairman of the RAA… the list goes on. In short, he is at the cutting edge of modern risk transfer and is ideally qualified to help grow TigerRisk into the industry’s leading broker/advisor.”
The European Energy Exchange (EEX) intends to merge Powernext activities into EEX on 1 January 2020, subject to the required approvals.
Through the integration of Powernext into EEX, the exchange will offer all products at one single market place while simplifying the admissions of new participants. Members will be able to easily trade a larger EEX portfolio including natural gas, power and emission allowances.
As a result, customers will gain access to increased trading opportunities and a growing liquidity pool, while continuing to benefit from cross margining effects as ECC will remain the central counterparty for clearing transactions. At
CloudMargin, creator of a collateral and margin management solution native to the cloud, has appointed Karl Wyborn to the new role of Global Head of Business Development, effective immediately.
Wyborn (pictured), a Managing Director and 24-year veteran of financial services with numerous senior roles in collateral management, has served as CloudMargin’s Global Head of Sales for nearly four years. He will continue to report to Stuart Connolly, CloudMargin CEO, based in the London headquarters.
In the new role, Wyborn assumes responsibility for driving the firm’s new business development strategies to support revenue growth opportunities, and for engaging with partners,
Leaseweb, a provider of cloud hosting services, has selected the maincubes AMS01 data centre as a strategic location for further expanding its Amsterdam data centre presence.
Meeting Leaseweb’s standards with regard to energy-efficiency, compliance and high-redundancy, maincubes AMS01 offers Leaseweb wholesale space with ample growth perspective to scale its server and network infrastructure in Amsterdam.
As an Infrastructure as a Service provider, Leaseweb currently operates 20 data centres at locations across Europe, Asia, Australia, and North America. After announcing the opening of a new data centre facility in Miami earlier this year to expand its hosting potential in the
