Institutional Asset Manager Newsletter

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NEWSLETTER | 14 Jan 2020

German institutional investors outraged by Scholz's FTT proposal

The financial transactions tax (FTT), as proposed by German Finance Minister Olaf Scholz, does not deal with the problem of excessive market speculation but instead penalises long-term investors like pension funds and insurers, writes Jan Wagner…

Tue | 14 Jan 2020, 11:49

Counterparties using the triReduce CLS FX compression service have eliminated USD9.1 trillion of gross notional value from their FX forward portfolios in 2019.

INTL FCStone acquires GIROXX in Germany

Tue | 14 Jan 2020, 11:49

INTL FCStone's London-based subsidiary, INTL FCStone Ltd, has executed a sale and purchase agreement to acquire GIROXX in Frankfurt, Germany. Closing is conditional upon BaFin approval.

Tue | 14 Jan 2020, 11:49

GAM Investments has signed a new long term licence agreement with investment management solutions provider SimCorp to consolidate its external front and middle office systems on to one platform.

Tue | 14 Jan 2020, 11:49

AMP Capital has closed its Global Infrastructure Fund II (GIF II) at US$3.4bn. The fund reached final close on 27 December 2019, exceeding its US$3bn target and drawing additional significant co-investment commitments.

Tue | 14 Jan 2020, 11:49

Finantix, a provider of technology to the wealth management, insurance and banking industries, has made two new senior hires in Asia Pacific and Europe with Michael Gantenbein joining as Account Delivery Director in Singapore and Gareth Williams as Business Development Director in the UK.

Tue | 14 Jan 2020, 11:49

MUFG Investor Services, the global asset servicing arm of Mitsubishi UFJ Financial Group, has appointed Tim Smollen as Global Head of Global Securities Lending Solutions.

Tue | 14 Jan 2020, 11:49

London-based CloudMargin, the creator of a cloud-native collateral and margin management solution, has promoted Armando Hernandez to the newly established role of Executive Director, Head of North America.