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Saxo Bank has announced two changes to its Board of Management designed to further strengthen client focus, corporate governance and strategy execution.
Members of the Board of Management are appointed by the Board of Directors. The Board of Management now consists of CEO Kim Fournais (pictured), Deputy CEO and COO Søren Kyhl, CFRO Steen Blaafalk and CCO Damian Bunce.
The changes strengthen Saxo Bank’s leadership and accountability in the Board of Management in relation to clients, shareholders, Board of Directors, regulators and employees.
With Damian Bunce as a new member of the Board of Management, Saxo further increases
Allfunds Bank has launched Share Class, a search tool for stock classes of funds available in the market. Through this tool, Allfunds makes available to its customers all the information necessary to adapt to the regulatory requirements brought by the new MiFID II environment.
The search can be done using three main criteria – type of client, type of service and cost.
International managers have been expanding in the last decade the number of share classes available for their funds, in many cases, exceeding ten variants for the same product. This diversity causes a problem for distributors who
Fintech startup Sharegain, whose securities lending platform allows any investor to generate revenue through loaning out their financial assets, has raised a total of USD12 million (including USD5 million in the latest round) to support the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its operations with family offices and asset management firms in line with significant early demand. 


The funding, over two rounds, comes from venture capital firms Blumberg Capital, Target Global, Maverick Ventures Israel, Rhodium and private investors from the financial industry.
For over 40 years, some of the
Neuberger Berman, a private, independent, employee-owned investment manager, has appointed Leen Meijaard, former Blackrock executive, as a senior advisor, effective 1 November.
Leen (pictured), will act as a consultant, advising on the Europe and Middle East institutional business, working with Dik van Lomwel, head of EMEA and LatAm.
Leen was a member of Blackrock’s EMEA executive committee for nearly a decade and held managing director roles at the firm, including most recently head of Blackrock EMEA iShares and previously head of Blackrock EMEA Institutional. Before joining Blackrock in 2002 he worked for Fidelity and Robeco.
Dik van Lomwel,
Trium Capital, the London-based independent specialist alternative asset manager, is partnering with Ellington Global Asset Management to launch The Ellington Trium Alternative Credit UCITS, a long/short credit UCITS fund.
The fund is set to be launched this quarter and will be seeded by the partners of Ellington.
The new Ellington Trium Alternative Credit UCITS Fund strategy will leverage Ellington’s expertise in RMBS, CMBS, CLOs and corporate credit relative value strategies. Ellington’s deep trading experience and proprietary models allow the group to seek to capture value in assets overlooked by other managers.
Founded in 1994, Ellington has experience managing
Qbera Capital has appointed Charlie Laughton-Scott as Chairman of the company, with effect from 1 November 2018.
Jean-Francois Lambert who has helped guide Qbera Capital since inception as Chairman is to become a non-executive board member to the company and will continue to remain as a key advisor.
Qbera Capital’s CEO and Founder Ali Shafqat, says: “As the founding Chairman of the group Jean-Francois’ contribution has been key in helping us build our business into the fast-growing Asset Manager & Advisory Business that it is today. We have been immensely lucky to have been chaired by Jean-Francois for
The State Street Global Investor Confidence Index decreased to 84.4 in October, down 3.4 points from September’s revised reading of 87.8.
Confidence among European investors waned, with the European ICI decreasing from 100.2 to 90.9. The North American ICI declined by 2.6 points to 81.8. Meanwhile, the Asia ICI dropped 0.3 points to 99.6.
The Investor Confidence Index was developed by Kenneth Froot (pictured), and Paul O’Connell at State Street Associates, State Street Global Exchange’s research and advisory services business. It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
The European Energy Exchange (EEX) will conduct a secondary market auction for European emission allowances (EUAs) on behalf of the Ministry of Environmental Protection and Regional Development of Latvia.
The auction is scheduled for 16 November 2018 with the bidding window being open from 09:00 to 11:00 (CET). The auction volume amounts to 3,126,500 EUAs. This is the first auction on behalf of a public auctioneer on the EEX secondary market which means that the certificates have already been allocated to the market, but have not been used for compliance before.
Peter Reitz (pictured), CEO of EEX, comments: “We
Viewing investment opportunities through a credit lens while adopting both a special situations approach, often involving equities, and a macro approach approach, using a variety of macro instruments, Westfield Investment employs a highly-differentiated strategy to capture idiosyncratic alpha. Founder, Ren Gao explains all…
Former Goldman MD Gao (pictured) founded the credit hedge fund in 2015 and has enjoyed strong performance since then – 50 per cent in 2016; 10.8 per cent in 2017 and 20.37 per cent in 2018 so far.
He has recently hired ex-Saba COO Ken Weiller, and has built a new infrastructure, with the aim of increasing
The European Energy Exchange (EEX) increased volumes on its power derivatives markets by 30 per cent in October to 339.3 TWh (October 2017: 261,3 TWh). In particular a four-fold increase in Phelix-DE Futures to 204.4 TWh as well as power futures for Italy (60.9 TWh, +42 per cent) and Spain (9.1 TWh, +32 per cent) contributed to this development.
EEX recorded a positive trend also in the smaller markets: In power futures for Great Britain, at 125,070 MWh, EEX recorded the highest trading volume since the launch of these products. In the Dutch markets, volumes increased by 18 per cent
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