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VG, one of Jersey’s largest independent providers of trust, corporate and fund administration solutions, has strengthened its corporate team with the appointments of Gabriela Jakubczyk, Matthew Hibbs and Zach O’Shea.
The new hires build on a host of other appointments so far this year as VG continues to develop its corporate and capital markets offering.
Jakubczyk joins VG as Associate Director in the corporate team where she will work alongside Steve Langan, Director of Corporate and Capital Markets, to build and develop the team and VG’s offering. She joins from Aztec Group, a fund and corporate services provider to the
State Street Corporation (NYSE: STT) today announced it has appointed Jesse Cole as global head of its Private Markets segment.
In this role, Cole will be responsible for defining and executing State Street’s global strategy for Private Markets and will work closely with his peers in global sales and the product organisation to manage and grow private markets business across all client segments.
Cole is based out of Chicago, IL and will report to Paul Fleming, global head of State Street’s Global Alternatives Segment.
Harrington Cooper, a USD6 billion cross-border fund distribution specialist, has expanded its European footprint with the addition of sales professional Teresa Del Alcazar.
With 15 years of experience in the asset management industry, Del Alcazar joins as head of sales for France, Switzerland and Benelux and is tasked with expanding Harrington Cooper’s reach across these key client areas.
Joining from Alken Asset Management, Del Alcazar has buy-side research and sales roles experience within asset management. She worked as a hedge fund analyst and junior portfolio manager at Caledon Asset Management, before moving onto selecting long only strategies at EFG Asset
Fund manager Pierre Andurand has suggested that European governments should impose a 100 per cent tax on Russian oil rather than banning its import completely, according to to a report by Bloomberg Quint.
Andurand’s idea, which he shared via Twitter, is that countries unable to source alternative supplies could buy Russian oil at a discount of 50 per cent to compensate for the additional tax, which would hurt Russian oil revenues while ensuring European supplies.
Andurand’s commodity fund made 109 per cent in the first three months of the year.
The hedge fund industry returned to inflows in January bringing in USD11.29 billion in new assets, 0.24 per cent of hedge fund industry assets, according to the Barclay Fund Flow Indicator published by BarclayHedge, a division of Backstop Solutions.
PEF Services (PEF), a CSC company and a fund administrator for alternative investment managers, has released a new white paper – AML and KYC Compliance: A Guide for Private Capital Fund Managers.
Private capital funds have long been aware of anti-money laundering (AML) and know your customer (KYC) requirements. But while the underlying goal of these rules remains the same – to prevent and detect money laundering and counteract terrorist-funding activities – regulatory compliance has become a challenge for many firms.
The white paper covers:
• Six pillars of an AML and KYC program and their considerations for alternative investment
Swiss financial data expert SIX has partnered with Sustainalytics to provide ESG data to its broad customer base of SIX for them to comply with new EU sustainability regulations.
Sustainalytics is the first third-party specialist ESG data provider that SIX has onboarded to its distribution channels.
Sustainalytics is a Morningstar company and a global provider of ESG research, ratings and data. On the basis of its data, SIX is now providing extensive ESG data sets for EU Taxonomy and the Sustainable Finance Disclosure Regulation (SFDR), which support its clients, such as banks and asset managers, with their disclosure obligations and
Bridgewater Associates, the world’s largest hedge fund, is planning on moving into the digital assets space with its first ever crypto investment, according to a report by FXEmpire.
The USD150 billion fund, which is run by billionaire Ray Dalio, wants to increase its exposure to digital assets but will not be buying cryptocurrencies deforest. Back in January, Dalio advised that investors should allocate 1 per cent of their portfolios to bitcoin.
Monroe Capital (Monroe) has closed a USD457 million term debt securitisation – Monroe Capital MML CLO XIII, LTD.
The term financing was Monroe’s eighth new issue CLO completed since 2018 and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB as well as Subordinated Notes. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. Deutsche Bank served as the Lead Manager, Structuring Agent and Bookrunner, with Raymond James serving as Co-manager. This transaction was structured to meet and comply with both the European risk retention
Kroll, a provider of data, technology and insights related to risk, governance and growth, has found that whilst anti-money laundering (AML) continues to dominate global financial crime regulation, enforcement activity is slowing as attention turns from banks to other financial institutions.
The findings come from Kroll’s annual Global Enforcement Review 2022, which shows that, globally, the value of fines issued to financial services firms for AML failings reached a new recent low of USD1.6 billion in 2021, compared to USD2.2 billion in 2020 and representing just half of the peak figure of USD3.3 billion achieved in 2018.
Meanwhile, in
