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IHS Markit’s ClearPar service is now delivering syndicated loan trade settlement and trade funding information directly to custody systems using electronic messaging.
The advance improves accuracy at custodians and reduces the risk of penalties that arise when buyers are late in making payments on loan trades.
JP Morgan Securities Services and BlackRock are the first two organisations to benefit from the new Custodian Services Messaging solution from ClearPar which delivers electronic messages covering notice of settlement date, settlement amounts and wire instructions to custodians and trustees.
“Our messaging solution for trade funding instructions brings another layer of automation to the
Alma Capital Investment Management is to acquire DWS’s Hedge Fund UCITS business, which provides investors with access to liquid alternative investment strategies in regulated UCITS funds through the DB Platinum fund range.
The DWS Hedge Fund UCITS business selects third party hedge fund managers to build regulated UCITS funds which it distributes to an institutional client base. The platform has EUR2 billion in AuM (as of 31 March 2019) across six hedge fund UCITS using a broad range of strategies including alternative credit, event driven, managed futures and global macro. Investors are spread across the UK, Switzerland, Germany, Spain, France,
Nikko Asset Management has appointed Rob Mann as the Head of Asia ex-Japan Equity, based out of Singapore. He will be taking over from Peter Sartori, whom he has worked closely with since 2010.
Mann has been with Nikko AM in the capacity of senior portfolio manager and macro specialist since 2013, joining from Treasury Asia Asset Management (TAAM), an Asian equity boutique acquired by Nikko AM. He has worked alongside every member of the Asia ex-Japan equity team. With 30 years of experience in the securities industry, Mann’s investment experience spans across multiple asset classes, including equities, fixed income
Volante Technologies, a global provider of software to accelerate digital transformation and modernisation, is providing end-to-end SEPA (Single Euro Payments Area) instant payments processing as an on-demand managed service on Microsoft Azure.
Volante’s SEPA Instant Payments as a service will provide all payment service providers (PSPs) certified access to the two principal pan-European schemes, EBA CLEARING’s RT1 and ECB’s TIPS, through the high-speed, secure messaging and low-latency SIAnet network.
Powered by VolPay, Volante’s ecosystem of business services for the entire payments lifecycle, the service allows any market participant to send and receive instant payments through TIPS and RT1, avoiding costly and
Estera, a leading global provider of funds, corporate and trust services, has appointed Ethan Levner as Group Head of Funds, with overall responsibility for funds operations across the 11 jurisdictions the business operates in.
Estera is a specialist in fund administration and associated services. It provides a full range of administration services to a wide variety of blue-chip companies across asset classes including private equity, property, debt and funds listed on the LSE and TISE.
Levner has assumed this role in addition to his responsibilities as Managing Director of Estera Guernsey and Group Head of Corporate Development.
Levner
By Beatrice Bedeschi – Oil production has the potential to contribute to curbing carbon emissions thanks to a new technique that involves capturing CO2 directly from the air and storing it underground as part of oil upstream processes, according to industry experts.
The process of increasing oil production by pumping CO2 underground, known as Enhanced Oil Recovery (EOR) is already common in the oil sector, however energy companies are now looking at using CO2 captured from the air, which would allow the production what could be considered ‘carbon-negative’ oil, Cristophe McGlade, senior analyst at the International Energy Agency (IEA), says.
The Market’s Compass (TMC), a provider of technical research and consulting services, is making its suite of ETF studies available to institutional investors, registered investment advisers, hedge funds and individual investors.
“A quantitative model like this has never been seen in the market, making it both unique and valuable to our clients,” says Timothy Brackett, Founder and CEO of TMC. “Together with my team we have developed a proprietary technical ranking system, that combines unexampled data visualisation and time-honoured technical tools.”
Mathew Verdouw, CMT, CFTe, CEO of Optuma, says: ”Tim Brackett is an incredible Technical Analyst who has dedicated the
Offshore law firm Carey Olsen has appointed Michael Padarin as a corporate partner in its Hong Kong office.
Padarin, who practises British Virgin Islands (BVI) and Cayman Islands law, will spearhead the development of Carey Olsen’s new corporate offering in Hong Kong. He specialises in the formation, operation and restructuring of private investment funds, primarily private equity and venture capital funds, and their related fund sponsor vehicles. He also has significant experience representing early and later stage companies in a range of industries, including fintech, life sciences and technology, in relation to private financings, listings, cross-border investments and other M&A
Opus Fund Services has officially launched its European fund administration business based in Dublin, Ireland having secured authorisation by the Central Bank of Ireland under the Investment Intermediaries Act.
Launched in 2006, the Opus proprietary based technology has, to date, focused on the US market, adding 183 new funds across 133 new clients in 2018 alone.
Irish Minister for Business, Enterprise and Innovation Heather Humphreys says: “I am delighted that Opus has obtained Central Bank authorisation, which will see them open up their new European office in Dublin. Ireland is now a major player in International Financial Services and we welcome
PanXchange, an OTC exchange and price discovery platform for physical commodities, is to distribute its proprietary pricing data for hydraulic fracturing proppants, better known as frac sand, through Quandl, a provider of financial and alternative data for financial professionals.
PanXchange provides the industry’s de facto benchmark prices for frac sand, considered by many to be a primary economic indicator. In addition, PanXchange currently offers an OTC marketplace for frac sand, allowing buyers and sellers to communicate directly as they navigate a 120 million-ton market.
Quandl, owned by Nasdaq, delivers financial, economic and alternative datasets to over 400,000 users, which include
