Solutions
Revista Systems; a new firm created to support the specialised communications needs of the financial services community, has launched in the UK.
Revista CCM is unique communications convergence management solution which links and tags all relevant voice, intercom, hoot, mobile, chat and other electronic media via a simple, user interface. The business is led by Umesh Patel (pictured), who mostly recently established and ran ICAP’s RESET bond business. Revista System is a subsidiary of CSF Capital, a Melbourne based family office, led by serial entrepreneur Andrew Robinson.
Revista CCM, available as a private cloud or a SaaS solution, integrates
London-based INTL FCStone Ltd’s Precious Metals Division is now a Direct Participant in the London Bullion Market Association (LBMA) Silver Auction, after having become a Direct Participant in the LBMA Gold Auction in April 2017.
ICE Benchmark Administration (IBA) has taken over the administration of the Daily LBMA Silver Price benchmark auction. This auction, the successor to the former London Silver Fix auction, takes the form of trading unallocated silver positions on an electronic platform. IBA introduced central clearing to the daily London Silver Price benchmark auction, removing the need for firms to have significant bilateral credit lines in place with
BNP Paribas Securities Services is introducing a tri-party collateral management service that connects collateral takers and collateral givers and helps unlock liquidity pools.
The move comes as new regulations and practices require market participants to collateralise their financing and OTC derivative trades to manage counterparty risk. This is prompting market participants to look for sophisticated collateral management solutions, which enable them to mobilise their assets quickly and use a wider range of securities to back up their trades.
Patrick Colle (pictured), General Manager of BNP Paribas Securities Services, says: “BNP Paribas Securities Services has a strong and diversified client
Eurex Clearing has developed a partnership program designed to further accelerate the development of a liquid, EU based alternative for the clearing of interest rate swaps.
Eurex Clearing has designed the program in close consultation with major participants in the interest rate swap market including dealers, end-clients and execution venues. The performance based program aims to build a balanced ecosystem where responsibilities and benefits are fully aligned between all participants in terms of economics and governance.
Eric Müller, CEO Eurex Clearing, says: “This market-led initiative will benefit clients and the broader market place through greater choice and competition, improved
Fund Partners (FP), a UK-based independent ACD (Authorised Corporate Director) has hired Chris Spencer as the new Managing Director for its London office.
FP was recently acquired by FundRock, one of the largest independent UCITS and AIFM investment management companies in Europe.
Over the course of his 30 year career, Spencer has gained extensive experience in the UK investment funds industry covering all aspects of retail and fund administration as well as developing brokerage capability alongside asset management. Before joining FP, Spencer was Managing Director at International Financial Data Services (IFDS), which has been renamed DST, where, over his 13
Cowen has completed the integration of Cowen Execution Services’ prime brokerage business, which was acquired as part of Cowen’s acquisition of Convergex earlier this year.
FINRA approved the integration of the acquired business into Cowen’s prime services division, Cowen Prime Services, in August 2017.
Cowen’s prime services and outsourced trading activities are now consolidated and completely focused on delivering a comprehensive suite of global solutions and services that will assist our clients in their efforts to outperform their peers and benchmarks.
“Following significant efforts in recent months by personnel in both organisations, we are pleased to have finalised
Q&A with Stephen Paris, Director and Financial Services Industry Leader at Deloitte, & Patrick Mangion, Principal, Financial Services Industry at Deloitte
Over the past decade, the regulatory landscape for funds has undergone a number of major developments at both European and national level. What was the impact on the fund industry?
To say that the regulatory environment for funds has undergone anything short of a transformation in recent years would be an understatement. Since the 2008 financial crisis, a tremendous effort has been made at a European level to harmonise pockets of financial services legislation that were previously regulated in
By Nicholas Zahra, CFA, Bastion Wealth, & Anabel Mifsud, SGGG FEXserv Fund Services – Malta is one of the smaller players in the asset management world, which tends to appeal to the smaller managers, and to investors who have a business case for their choice of jurisdiction.
As a domicile and financial centre, one can fairly summarise both Malta’s advantages and disadvantages as being its small size, where the chances are that smaller players get levels of attention reserved for large players in the established jurisdictions.
The choice of jurisdiction is just one question from many that should be asked,
Blockchain has the potential to revolutionise the financial industry by removing reliance on intermediaries to clear and settle accounts and introduce significant cost savings. One survey, by Bain & Co, estimates that total savings to global financial markets could reach anywhere from USD15 billion to USD35 billion.
To underscore just how much excitement there has been since bitcoin – the cryptocurrency developed by Satoshi Nakamoto (a pseudonym) that uses blockchain technology – first emerged in 2009, firms that have engaged in research and development of this technology have raised more than USD1.55 billion in venture capital since 2012, according to CB Insights.
Circle Partners (Circle) is an independent fund administrator with offices across the EU, the Americas and Hong Kong. Circle has the ability to advise on set ups of funds and guide start-up and emerging managers through the whole process of bringing a new fund to market in all major fund jurisdictions.
By extension, Circle has a large network of local counter-parties based in Malta and as Peter Jakubicka (pictured), Business Development Manager at Circle explains: “We can offer a ‘one-stop shop’ solution from the set-up phase through to launch including brokers, custodians, auditors; basically all of the functions that are
