A new report from S&P Global Ratings says that unlike in the corporate sector, where the pandemic led to widespread downgrades in 2020, credit ratings on Islamic (Takaful) and conventional insurers in the Gulf Cooperative Council (GCC) have remained broadly stable over the past 18 months, supported by relatively strong capital buffers.
Settlement failure attributed to significant problems in the middle off for the majority of institutions
A total of 60 per cent of institutions believe that settlement failures attributed to inadequacies of the middle-office are still a significant problem in their organisation, according to a new global survey conducted by Torstone Technology, a SaaS provider of post-trade securities and derivatives processing in collaboration with GreySpark Partners, a leading global capital markets consultancy.
B2C2, a counterparty in the institutional crypto markets, has appointed Nicola White as President of B2C2 USA.
V-Square Quantitative Management (V-Square) has appointed Erik Norland as its Head of Distribution. A 20-year industry veteran with asset management, custody, and global markets expertise, Norland will lead the firm's sales, consultant relationship and client service functions across institutional, insurance and wholesale.
Oakbridge Fund Services (Jersey) Limited has recruited John White as Head of Compliance.
Lynx Global Digital Finance Corporation has formally closed the acquisition of 100 per cent of the issued and outstanding shares of Ausphil Technologies (Ausphil), an Australian private company, that holds a 52.15 per cent equity interest in a Philippines licensed financial institution, Binangonan Rural Bank Inc (BRB).
The Green Finance Institute has appointed Emma Howard Boyd CBE has Interim Chair with immediate effect. The appointment follows the death of Sir Roger Gifford, the Institute’s founding Chair, on 25 May 2021.
Fidelity International, a global asset manager with assets under management of USD787 billion, has said it will vote against company boards that fail to meet its expectations for tackling climate change.
Wells Fargo Asset Management (WFAM), the newly independent company will be rebranded as Allspring Global Investments following its acquisition by GTCR LLC and Reverence Capital Partners.
Marlborough is relaunching the Marlborough Technology Fund as the Marlborough Global Innovation Fund to enable Manager Guy Feld to invest in a broader range of highly innovative technology and technology-enabled companies around the world.