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The Global Financial Markets Association (GFMA) has published a set of principles to guide the development of a commonly accepted framework for cybersecurity penetration testing.
GFMA’s goal is to encourage dialogue and share insights between the industry and regulators that would result in a globally coordinated approach to the regulatory use of penetration testing. Specifically, GFMA aims to facilitate a multi-regulator endorsed approach that enables regulators to drive consistent supervisory objectives and allows firms to maximise the utility and insight of approved penetration testing while minimising risk.
Penetration testing serves as one of the foremost tools in enabling a
BNP Paribas Securities Services is planning to launch ClimateSeed, a platform that aims to bring together investors and organisations committed to carbon offsetting projects.
This initiative is part of BNP Paribas’ long-standing commitment to help combat climate change and promote the UN Sustainable Development Goals.
ClimateSeed will act as a centralised platform where investors and companies looking to invest in voluntary carbon offsetting projects will be able to connect easily to projects carriers looking for funding.
The ClimateSeed platform will reinvest 100 per cent of its profits in its development and initiatives designed to enhance its impact.
Intercontinental Exchange (ICE) has appointed Boudewijn Duinstra as Head of First Line Clearing Risk at ICE Clear Europe.
“We’re delighted to welcome Boudewijn to ICE Clear Europe,” says Finbarr Hutcheson, President of ICE Clear Europe. “Bou brings extensive risk management experience from over 20 years working in financial markets and I look forward to working with him in this newly created role.”
Duinstra joins ICE Clear Europe from ABN AMRO Clearing Bank, a subsidiary of ABN AMRO Group, where he was Global Chief Risk Officer and also served on the board. Prior to joining ABN AMRO Clearing Bank in
Spartan Capital Securities has appointed Andrew M Heath as Chief Compliance Officer.
Heath has more than 35 years of comprehensive professional experience in the financial services industry. His expertise spans virtually all core industry management functions, with particular emphasis on compliance, capital markets and operations. He has served as Chief Compliance Officer and General Counsel at leading firms in the financial services industry such as UBS, National Securities Corporation and Buckman, Buckman & Reid.
Spartan Capital Securities’ Founder and CEO, John Lowry, says: “We are very pleased that Andrew Heath has joined the Spartan team. Andrew’s extensive knowledge, strong
Institutional investors are increasingly turning to alternative assets to diversify portfolios as they navigate an environment characterised by low yields, geopolitical concerns and a growing set of investment risks, finds Allianz Global Investors, one of the world’s leading active investment managers, in its annual RiskMonitor survey.
Consisting of 755 institutional investors, representing USD34.2 trillion in AUM across North America, Europe and Asia-Pacific, the RiskMonitor survey found that seven out of 10 respondents said they now invest in alternative asset classes. Diversification is the No1 reason for these allocations, cited by nearly one-third (31 per cent) of investors – the most
By Dr Laurence Wormald (pictured), Head of research and quants, asset management, FIS – After almost a decade of weak inflation and low or even negative interest rates, some of the world’s central banks are actively pursuing a return to conventional monetary policy. With macroeconomic change, however, will come tests that may no longer feel familiar. Could 2018 be the year to revise approaches to risk management?
A brief history of risk
For the first time since the global financial crisis, interest rates and inflation are slowly starting to rise. The great quantitative easing experiment, credited with driving up asset
Richard “Dickie” Hodges, Manager of the Nomura Global Dynamic Bond Fund, provides his view of the fixed income market environment over the coming months…
As we approach year end, we have increased hedging of our risk assets and interest rate exposures. Exposures remain to Financials, some of the holdings deeply subordinated and (in our view) protected by the necessity for the ECB to step in once more if there is further instability in the European financial system.
We still hold substantial allocations to both Portuguese bonds and Indian “masala” bonds, and we are concerned over the economic situation in Australia
Jean-Philippe Desmartin, Head of Responsible Investment at Edmond de Rothschild Asset Management, on what to expect from Emmanuel Macron at this week’s climate change summit in Paris…
The COP23 has set the tone. At the climate change summit in Paris on 12 December , Emmanuel Macon will want to make his voice heard even if Europe is currently showing no clear leadership. Last month in Bonn, the French President said the situation was so urgent that not dealing with it would mean facing up to serious financial challenges. One particularly alarming sign is that carbon emissions have started to rise
Fulcrum Asset Management (Fulcrum) has appointed Matthew Roberts as a Partner. He will be responsible for the creation of a new Alternatives Group that will invest in real assets and credit.
Matthew joins from Willis Towers Watson where he was a portfolio manager for the Towers Watson Partners Fund and related strategies amounting to USD10 billion. Prior to this he ran its multi-asset and multi-strategy hedge fund research teams.
Commenting on the appointment, Andrew Stevens, Fulcrum’s Chief Executive said: “Given our macro focus, clients are increasingly asking us for help with their real asset and credit allocations. These asset classes
Man Group has launched its first onshore investment strategy for qualified investors in China. The new investment strategy will leverage the experience of Man AHL, Man Group’s diversified quantitative investment management business, to harness market trends across a range of liquid markets in China.
The new investment strategy is systematic trend following in its approach, and aims to be uncorrelated with traditional portfolios. Managed by Man AHL’s Shanghai-based investment professionals, the strategy seeks to identify and capture market trends across diverse liquid onshore markets, focusing initially on listed futures including agricultural commodities, industrial commodities, bonds, metals, energy and stock indices.
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