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KPMG has appointed James Dimech DeBono as an associate partner in its financial risk management practice.
DeBono will be responsible for setting up a team to focus on supporting investment managers, funds and other financial institutions in the preparation of valuations of their portfolios.
The team will comprise quantitative finance and valuation professionals with advanced degrees in quantitative disciplines and significant practical experience in the analysis and valuation of portfolios of “hard-to-value” and illiquid securities.
DeBono trained as an accountant and has 19 years’ advisory experience.
He joins KPMG from Duff & Phelps, where he was managing director for four
The APAC prime brokerage division of Swiss banking giant, UBS, has been a hive of activity of late, with five new executi
New York headquartered Liquidnet, the alternative trading platform that enables buy-side institutions to effectively execute large equity orders en bloc, is busy making inroads into the Asia
Edith Chan, Managing Director for Asian Operations at Fortis Prime Fund Solutions
Man Investments announced this week that it has been chosen by the Korean Teachers’ Credit Union (KTCU)
China’s second-largest asset management firm, E Fund Management, is preparing to launch the mainland’s inaugu
Crescent Financial Partners has purchased a minority stake in IT Trading’s proprietary quantitative trading software for USD3.2m.
The software, which has been under development for nearly a decade, employs a statistical arbitrage trading model.
“In the finance world, arbitrage is commonly known as the practice of taking advantage of a price difference between two or more markets,” said John Indelicato and Anthony Tuozzo, creators of the software. “Essentially what our software does is automates this process through the use of advanced sophisticated algorithms.”
Russell Armstrong, chief executive and managing director of Crescent Financial Partners adds: “We believe this algorithm is
BGC Partners, an intermediary to the wholesale financial markets, has appointed Vanessa Ko as director, regional head of e-commerce for Asia Pacific.
Ko will spearhead the continued expansion of BGC’s electronic coverage in the region with the roll-out of BGC’s electronic platform, BGC Trader, for multiple new products over the coming year.
Ko joined BGC in 2005 as a product manager for credit and has been responsible for the rapid expansion of electronic brokerage in products including Japanese CDS and Asian CDS indices, Australian corporate bonds and government bonds.
BGC has also promoted Norliza Kamardin as associate director of e-commerce
Alternative Decisions has launched a legal alerts service for the alternative investment industry using Linex Systems technology.
The new service publishes reports from lawyers on issues affecting the alternative investment industry.
The service aggregates and filters legal papers/advice as they are released by legal partnerships and boutique practices on topics relevant to professionals in the hedge fund, private equity and real estate industry.
A brief summary of each report and a secure link are stored in Alternative Decisions Library. These reports are accessed through a one page snapshot where users click straight through to the article they want to read.
Investment Services UK, a London-based fixed income specialist focused on emerging markets, has launched a fund seeking enhanced returns through access to a portfolio of fixed income securities principally throughout the emerging markets.
Known as the Amrah Global Opportunities Fund, it is domiciled in Jersey and is the brainchild of Investment Services UK’s managing director Ram Melwani.
“We have deliberated over the decision to progress into branded funds of our own and took the plunge at the beginning of the year when for us the time was right. In the aftermath of the 2008 global credit crunch, valuations for many
