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Maples Fund Services, an independent global fund services provider and a division of MaplesFS, has expanded its European operations with the hire of Steve Lewis, Director of European Business Development.
Based in London, Lewis is responsible for expanding the fund administration and middle-office businesses across the firm’s European offices.
Lewis will work closely with Scott Somerville (pictured), CEO of MaplesFS, and Toni Pinkerton, Global Head of Fund Services, as well as the Regional Heads of Fund Services for Dublin and Luxembourg to execute the firm’s business development and growth strategy.
“We continue to see managers attracted to Dublin, Luxembourg and
Tokyo-headquartered Sparx Group, one of Asia’s largest hedge funds, has plans to launch a new fund in July that will invest in Japanese renewable energy projects as the country r
Hong Kong-based Segantii Capital Management has seen its assets more than double since mid-2011 reported Reuters this week, bucking the trend of Asian funds suffering net outflo
Adam Leitzes, who helped assess investments for Tiger Management LLC in Shanghai, is planning to start his own hedge fund targeting Asian stock
NYSE Euronext has appointed Peter Leukert as Global Chief Information Officer, effective immediately. Leukert will lead NYSE Euronext’s global Information Technology operations and will report to President and Deputy CEO, Dominique Cerutti (pictured).
As Global CIO, Leukert will bring his extensive experience to the continued transformation of NYSE Euronext and its IT operating model.
Since 2007, Leukert has been CIO of Commerzbank, in charge of all applications and IT infrastructure, including a technology group comprising 3,800 employees. Prior to that, he worked for McKinsey since 1994 where he became a partner in 2001. There he led the development and implementation
Diamonds are emerging as a robust alternative investment asset class, says Fusion Alternatives…
Last week the world’s third-largest mining company, Rio Tinto announced it was considering selling its diamond assets. This comes on the back of a similar announcement made last November by the world’s largest mining company, BHP Billiton. These two announcements essentially place a quarter of the world’s diamond supply on the block for sale.
The intention to sell its diamond assets by these two mining conglomerates is more driven by their attempt to streamline their assets by investing in large long-life mine assets as opposed to
Kinetic Partners, a global professional services firm to the asset management, investment banking and brokerage community, has promoted Jonathan Saxton to a member of the firm’s growing consulting and regulatory compliance practice.
Saxton has worked with a wide range of investment management clients both in the US and the UK, providing assistance over a large variety of global governance and regulatory topics. He has also undertaken several confidential assignments for various regulatory bodies. With a thorough knowledge of both FSA and SEC requirements, the main service offerings in his practice involve global periodic reviews of systems and controls, project management
Tele Norte Leste Participacoes is to be removed from the Dow Jones BRIC 50 DR Index and replaced by Banco Santander Brasil SA ADS.
The company is also being removed from the Dow Jones Emerging Markets Telecommunications Titans 30 Index to be replaced by Total Access Communication Public Company Limited; the Dow Jones Emerging Markets Sector Titans Composite 100 Index to be replaced by Telefonica Brasil S.A. ADS; and the Dow Jones Brazil Titans 20 ADR Index to be replaced by CPFL Energia S.A. ADS.
All changes will be effective before the open of trading on 9 April, 2012.
Standard Life Investments, the Global Fund Manager, has registered its SICAV range of funds in Switzerland.
This allows Swiss investors to access the GARS SICAV (Global Absolute Returns Strategies), European Corporate Bond SICAV, Global Inflation-Linked Bond SICAV, Global High Yield Bond SICAV and other Standard Life Investments funds.
The new registration widens the Standard Life Investments distribution footprint in the European institutional and wholesale markets, and allows Swiss investors to benefit from its award-winning GARS fund.
Royal Bank of Canada is to acquire the 50 per cent stake that it does not already own of the joint venture RBC Dexia Investor Services Limited (RBC Dexia) from Banque Internationale à Luxembourg SA (BIL) (formerly Dexia Banque Internationale à Luxembourg SA) for a total consideration of EUR837.5 million (CAD1.1 billion) in cash. Following the closing of the transaction RBC will own 100 per cent of RBC Dexia.
RBC Dexia is a top 10 global custodian that serves a diverse base of institutional investors through a wide range of advice and services including global custody, fund and pension administration,
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