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By Beatrice Bedeschi – A recent decision by the Chinese government to open up the oil and gas upstream sector to direct foreign investments is likely to rekindle interest by international energy companies. However, impact in the short term might be limited as the market awaits further policy changes providing more clarity on how the new rules will work in practice, according to Industry experts and analysts.
China’s state planning agency, the National Development and Reform Commission (NDRC) announced at the end of June it had slashed the so-called ‘negative’ list, which details sectors where foreign investment is restricted, opening
FlexTrade’s broker-neutral EMS, FlexTRADER, has extended its integration with thinkFolio, IHS Markit’s cross-asset investment management platform.
Combining IHS Markit and FlexTrade’s expertise in the execution and order management system space provides sophisticated and global cross-asset trading capabilities delivered seamlessly across the entire trading lifecycle.
“This is good news,” says Mark Denny, Head of Trading – Global Equities, at Investec Asset Management. “We are celebrating our 10-year anniversary with FlexTrade this year and having thinkFolio closely aligned with FlexTRADER is a powerful workflow benefit to us in terms of scalability and simplifying software upgrades.”
“A certified interface between thinkFolio
Following the directives of the Energy and Climate Authority (DGEC), Powernext has published information about renewable energy consumed in France in 2018.
According to its obligation toward the Energy and Climate Authority (Direction Direction Générale de l’Energie et du Climat or DGEC) relative to the tracking of renewable energy, Powernext, as the National Registry for electricity guarantees of origin, is publishing the French residual mix and releasing information about the consumption of renewable energy in France.
108.7 TWh of the 548.6 TWh of electricity produced in France in 2018 originated from renewable sources (63.1 TWh from hydroelectricity, 27.8 TWh from
Boutique law firm Kleinberg Kaplan has become a champion-level sponsor of Women in Funds, a social community for female leaders in the private investment funds industry and select senior leaders at law firms, allocators, and industry consultants.
“As a firm we recognise the need for diversity and we likewise counsel our investment fund clients on the value that a diverse work force creates,” says Jason Grunfeld, partner and head of business development for Kleinberg Kaplan. “We regularly work with many talented and successful female fund managers and know with the support of an organisation like Women in Funds, more women
The US Securities and Exchange Commission (SEC) announced a whistleblower award to an anonymous overseas foreign national of half a million dollars.
The SEC has reported more than USD2 billion in monetary sanctions from recent actions brought by whistleblowers, and the Commission has paid over USD300 million in rewards. Based on publicly available information, since the implementation of the Dodd-Frank Act, over USD40 million has been paid to overseas whistleblowers.
Under the Foreign Corrupt Practices Act (FCPA), foreign nationals are given full protection under American law for reporting bribes that they have witnessed. These whistleblowers are also qualified for
Russian market maker BCS Global Markets (BCS GM) has appointed Dmitry Trub as Chief Information Officer (CIO). Trub will be responsible for driving software development to maximise BCS GM’s investment banking functions drive efficiency in the service provided to BCS GM’s institutional clients.
Trub has almost 20 years of experience of both developing and making decisions related to technically complex solutions for corporate and investment banking to ensure that BCS GM continues to use the most advanced technology for the benefit of its trading teams and clients.
Previously Trub was a Director and Head of Global Market Equities, Russia at
Sidley Austin has appointed Oren Gertner as a partner in the firm’s premier Investment Funds practic in New York. Gertner joins from Davis Polk & Wardwell LLP, where he was in the firm’s Corporate department, practicing in the Investment Management group.
“Over the past two years, Sidley has prioritised the growth and development of our private equity funds and other illiquid private funds capabilities, particularly within international money centres like New York,” says William D Kerr, global leader of Sidley’s Investment Funds practice and a member of the firm’s Executive Committee. “The arrival of Oren, who is an exemplary talent
US Bank Global Fund Services has hired Chris Rosenthal as senior vice president, business development.
In this role, Rosenthal will be responsible for developing new business relationships nationally for asset managers, insurance companies, banks and other financial institutions. He will be located in the Hackensack, New Jersey office.
Rosenthal is an experienced senior executive who brings more than 20 years of experience in the financial services industry at organisations such as Bankers Trust Company and the United States Trust Company. Most recently, Rosenthal was director of asset servicing sales and relationship management at BNY Mellon.
“Our team continues to grow
Vistra, a global trust, fund administration and corporate services provider, has launched its Economic Substance Services and Solutions, starting with the British Virgin Islands (BVI) Economic Substance Classification Questionnaire designed to help clients determine the classification of their BVI company as it applies to the substance legislation.
Developed by Vistra’s in-house legal team, the BVI Economic Substance Classification Questionnaire is an efficient and effective service for any BVI entity to gain clarity on their status, supported by detailed analysis and tailored solutions.
Simon Filmer, Global Lead, Company Formation, Vistra, says: “It is now mandatory for all BVI entities to comply
Lee Capital Management (LCM) has appointed John Donaghey, CFA, CAIA as Head of Institutional Business, effective immediately.
Donaghey will join the firm as a Partner and will be responsible for organizing, building, and executing on all aspects of institutional sales, marketing, and consultant relations globally. He will report directly to the Management Committee. He will also join the firm’s Investment Committee.
“We are excited to have John join our firm. He has been a senior member of some of North America’s most successful asset management organisations and brings deep experience with alternative investments and institutional clients and knowledge of the
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