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Euroclear has appointed Yves Dupuy (pictured), as Chief Information Officer. He will be based in Brussels and will join the Euroclear Group Executive Committee, reporting to Lieve Mostrey, Chief Executive Officer of the Euroclear group.
Dupuy joins Euroclear from Societe Generale where he most recently was the Chief Information Officer, Global Banking and Investor Solutions for the EMEA region. He graduated with a postgraduate Masters in Management at Ecole Superieure de Commerce de Paris.
Mostrey says: “We are extremely pleased to welcome Yves to Euroclear. His skill and wealth of senior management experience will further strengthen our leadership team.
Northern Trust (Nasdaq: NTRS) has expanded its transition management team with another key hire, appointing Mike Mahoney (pictured), as a transition manager for Europe, Middle East and Africa (EMEA).
This latest addition highlights Northern Trust’s continued investment in its Capital Markets business which encompasses transition management, institutional brokerage, foreign exchange and securities lending services.
Based in London, Mahoney will focus on transition management services for insurance companies and financial institutions across the region. He will be responsible for all aspects of the transition event life cycle, encompassing assignment origination, relationship management, execution strategy and end-to-end project management. He reports
Tom Kehoe (pictured) is Director, Global Head of Research at AIMA. Discussing the genesis of the survey to the audience, he explains: “We wanted to get under the hood and understand this community of managers, to weigh up the challenges and opportunities they face. Can we measure what this group of managers has to deal with relative to what is happening in the wider industry?
“The range of fund managers in the survey went from just USD100,000 in AUM to as high as USD500 million. Over half of the managers have been established for less than five years and just
Back in July this year, GPP, a London-based boutique prime broker, partnered with AIMA – the voice of the global alternative investment industry – to create an in-depth survey (www.gpp.group) on the emerging manager community; one that dominates the industry, in terms of fund numbers, yet rarely has its voice heard.
The survey canvassed the views of 135 global small and emerging managers – defined by AIMA as those with less than USD500 million in AUM – and the results went some way towards allaying concerns that running a profitable hedge fund has become too expensive in today’s post-regulatory world.
Net sales of UCITS and AIFs totalled EUR57 billion in September, down from EUR94 billion in August, according to the latest Investment Funds Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCITS registered net sales of EUR40 billion, down from EUR69 billion in August. Long-term UCITS (UCITS excluding money market funds) recorded net sales of EUR53 billion, up from EUR44 billion in August, while net sales of equity funds totalled EUR16 billion, up from EUR5 billion in August, net sales of bond funds totalled EUR21 billion, slightly lower than EUR24 billion in August, and net sales of
Asset and wealth management consultancy Alpha FMC has launched a new Data Solutions division to bolster its digital consultancy offering.
The creation of the division is in response to growing demand from its clients for consulting advice and data services. This service will help to increase asset managers’ capability to manage data more strategically in order to reduce operational and compliance risks and capitalise on its data assets.
A sharp increase in data flowing across increasingly complex distribution chains has compounded the challenge of harmonising ‘messy’ data from diverse sources and formats. Accurate and granular data about investors’ activity
Boris Collardi has quit his role as CEO of Julius Baer Group to join Pictet Group.
Collardi (pictured), who is expected to join Pictet’s board of Partners by mid-2018 at the latest, will be jointly responsible for the firm’s global wealth management business, alongside Rémy Best, the managing Partner who has had sole charge of this division since December 2014.
Nicolas Pictet, senior managing Partner of Pictet, says: “We are delighted to be able to appoint as a Partner someone of Boris Collardi’s calibre and reputation in the industry, especially at a time when the prospects for wealth and
Graham Bishop, Investment Director at Heartwood Investment Management comments on the latest downbeat growth forecasts for the UK economy…
Chancellor Hammond’s latest budget was generally unexciting and, arguably aimed at placating Westminster. Importantly, though, the budget marked a step away from austerity and did not deliver the usual ‘bad news’ coming from a newly-elected government. In this respect, the current government has little room for manoeuvre given its razor thin majority.
Over the next five years, the UK economy can expect to see an overall net loosening of GBP25 billion. The biggest fiscal stimulus will come in 2019/2020,
Brexit has brought about uncertain times for the investment industry. Since the recent announcements by Theresa May to move away from EU regulation, this has spouted further debate and uncertainty for asset managers, including whether to keep their core business in London, or move to a more central European hub.
As negotiations continue around the fate of the once united European investment industry post Brexit, companies are hedging their bets and starting the ball rolling on their future plans, and the outcome is not looking good for the current central financial hub, London. As companies fear less access to their
Mediobanca is to acquire a 69 per cent interest in RAM Active Investments (RAM AI), a Switzerland-based systematic investment manager.
RAM AI offers a range of actively managed and alternative systematic fundamental equity and tactical fixed-income funds to a wide array of institutional and professional investors. As of 31 October 2017, RAM AI had AuM of CHF4.9 billion across 14 funds.
RAM AI will maintain its organisational and operational independence, but the transaction will provide the firm with a reinforced institutional framework, a long-term seeding commitment to funds managed by the Company that will help foster innovation and research,
