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The demand from investors for better information, delivered more rapidly than before and in a form that can be easily understood by investors and third-parties is the considerable challenge that he
How much time do investment professionals spend trying to find and pull together the data they need to make decisions? More to the point, what is that time costing?
Growing internationalisation and a mounting regulatory obligation means an increasing need to consider tax consequences when investing from Hong Kong and China.
When investing cross-border, the withholding tax burdens can be reduced by half.
These were the comments of Michel Bots, head of corporate services at Equity Trust for Greater China, in his introduction as host of the lunchtime thought-leadership seminar “Window on Tax” at Hong Kong’s China Club last month.
An audience of 50 lawyers and tax and financial consultants from Hong Kong then heard Ayzo van Eysinga, international tax specialist at Loyens & Loeff Luxembourg, tackle the issue
Otkritie Securities has appointed Howard Snell as executive chairman.
In a series of internal appointments, the company has also promoted Evgeny Kunts to deputy chief executive officer.
In addition to the new management appointments, Otkritie will be building up its sales trading team based in London. Otkritie has relocated head of equity trading Nicholas Richmond from Moscow to London, who has been tasked with expanding the trading team in the UK over the next 12 months.
Roman Lokhov, director and chief executive of Otkritie, says: “We are delighted to have appointed Howard as executive chairman and with him
Fidessa group, a provider of trading, market data and connectivity solutions for the buy-side and sell-side, has opened a hub in Singapore to supplement its existing Asian centres in Hong Kong and Tokyo.
The move is in direct response to growing demand for Fidessa’s trading and connectivity services throughout the Asia Pacific region.
Fidessa’s hubs provide access to its Software as a Service trading platform as well as to its ultra low-latency market data and global liquidity network solutions.
The new centre is co-located with Chi-East, the forthcoming pan-Asian liquidity venue that is a joint venture between Chi-X Global and
The International Organization of Securities Commissions has published a set of principles regarding cross-border supervisory cooperation developed by its technical committee’s task force on supervisory cooperation.
These principles, accompanied by a report and sample memorandum of understanding, set out how securities regulators can better build and maintain cross-border cooperative relationships that will allow them to more effectively oversee financial services providers such as investment advisers, asset managers, hedge funds, credit rating agencies, exchanges and clearing houses, that operate in multiple jurisdictions.
The objective of the principles is to assist regulators in determining the form of cooperation best suited to the
Prime Fund Solutions, the hedge fund administration business currently being sold by Fortis Bank to Credit Suisse, has made a number of hires across its network of offices.
Jay Moghe has joined Prime Fund Solutions’ Singapore office as deputy managing director in charge of sales and relationship management. Moghe has over 20 years of experience in financial markets, the last eight of which have been within the hedge fund space. He previously founded Asian Alternative Consulting after senior positions at OPAM/Stork Capital and APS Asset management.
Martin Lui has taken on the role of director of client services and operations
LCH.Clearnet SA has been granted recognised overseas clearing house status by the UK Financial Services Authority.
Through this status, LCH.Clearnet SA is able to conduct any regulated activity in the UK which is carried out for the purpose of the provision of clearing services.
LCH.Clearnet SA submitted its application in October 2009 to support its existing offering to UK based platforms which trade securities currently cleared by LCH.Clearnet SA and the development of new services.
Christophe Hémon, chief executive of LCH.Clearnet SA, says: “FSA recognition as an overseas clearing house will enable us to broaden our clearing offering, bringing greater
Elementum Advisors has been appointed by one of the largest North American pension plans to manage a risk-linked investments mandate focused on collateralised reinsurance investments.
While the terms of the mandate are confidential, it funded in May 2010 and has an absolute return target.
Elementum Advisors is an independent, SEC-registered alternative investment manager specialising in risk-linked investments.
The firm was formed in 2009 by Tony Rettino and John DeCaro, the former heads of Stark Investments’ reinsurance and risk-linked investments team, and Michael France, portfolio manager with the group.
Invesco’s global asset allocation team has been awarded its first mandate in its balanced-risk commodity strategy.
The strategy is designed to provide investors with exposure to the commodity markets while taking advantage of multiple return sources not captured in the common commodity indices.
Using a benchmark agnostic approach that capitalises on both structural and tactical sources of return, the strategy seeks to outperform the common commodity indices over time with improved volatility and drawdown characteristics.
The strategy’s goal is to use proprietary risk management and re-balancing techniques to generate returns with a higher Sharpe Ratio over time than what is
