For sale in Wengen, in the Jungfrau region of Switzerland's Bernese Oberland, a studio apartment in the middle of the ground floor of the Chalet Margaux, which sits in a tranquil part of the original village only a five-minute walk from the train station.
Following on from the news earlier this morning that GMT Communications Partners LLP, aided by the Guernsey offices of Northern Trust and law firm Carey Olsen, has launched a private investment fund, Guernsey Finance has been in touch to stress that it is not alone.
Recent data from SWIFT’s RMB Tracker shows that London has retained its position as the preeminent foreign exchange (FX) and payment centre globally. It remains the dominant offshore hub for trading the Chinese renminbi (RMB).
BNY Mellon and FundVantage Trust, a fund portfolio series trust, have been chosen by TOBAM, a Paris-based asset management firm formed in 2005, to support the launch of its first mutual fund offered to US investors.
The Common Reporting Standard (CRS) is well and truly upon all early adopter countries like Luxembourg, with first reports to be filed before June 30 of this year by those Luxembourg investment funds that are regarded as reporting financial institutions.
ENSO, a NEX Group business and portfolio finance and centralized treasury management solution for the buy-side, plans to expand the ENSO Broker Vote tool to include MiFID II (markets in financial instruments directive II) research consumption, powered by RSRCHXchange, the MiFID II compliant marketplace for institutional research.
Ullink, a global provider of electronic trading and connectivity solutions to the financial community, reports from Paris, France, that it has launched a fully automated post-trade data management solution called UL PUBLISHER.
Societe Generale Securities Services (SGSS) says it is contributing to an innovative model, Euronext Fund Service, to facilitate investments in funds for domestic and international investors.
Launched by Euronext and available starting May 15, this new service will enable institutional and retail investors to place subscription/redemption orders, in a simplified and automated manner, through their brokers for open-end funds that are registered or passported in France, says SGSS.
As a fund agent registered with Euronext, SGSS will process orders placed by investors through their brokers, from order reception to settlement.
Parallel to initiatives such as the FROG Working Group which promote France’s competitive market positioning within the European asset management industry, this innovative service is part of a larger drive to raise the profile of French funds and contribute to market efficiency and attractiveness for investors (this is not a delayed poisson d'avril, it really is called FROG).
“We are convinced of the importance of these initiatives and actively support innovative changes which highlight both the expertise available on the Paris market and the capacity to adapt its infrastructures in response to market expectations,” explains Mathilde Guérin, Head of Product Engineering at SGSS. “It is also an opportunity to support our asset manager clients in their commercial development through the diversification of their distribution and collection channels.”
* FROG Working Group (French Routes and Opportunities Garden)
The FROG group, created by the French regulator (Autorité des Marchés Financiers) and the French Asset Management Association (AFG), shares the objective to provide French and foreign asset management firms that have chosen to domicile their investment funds in France with the best possible conditions for international growth.
Finally watched Downfall last night, after failing to record Countryfile on BBC1 and then failing to activate it on the iPlayer.
It was our gain. A gripping film, and a towering performance by Bruno Ganz in the key central role. It did, though, go on a bit after what I thought was the natural ending to it, but that is a nitpicking gripe.
Schroders says it has reached an agreement to acquire Adveq Holding AG (Adveq). It describes its planned new buy as a high-quality specialist private equity solutions business with strong year-on-year growth in assets under management since inception 20 years ago.
The Bank of New York Mellon Corporation has today reported first quarter net income applicable to common shareholders of US$880m, or $0.83 per diluted common share. Net income applicable to common shareholders was $804m, or $0.73 per diluted common share, in the first quarter of 2016, and $822m, or $0.77 per diluted common share, in the fourth quarter of 2016.
Said Gerald L Hassell, chairman and chief executive officer: "We again delivered double-digit earnings per share growth and positive operating leverage on a year-over-year basis, reflecting the strength of our dynamic, well-diversified business model. Our performance in the quarter benefited from our investments in capabilities that address growing client demands in areas such as collateral optimisation for both the buy and sell side and middle-office services for asset managers. In addition, our overall asset management flows improved to their highest levels since 2014 and assets under custody and/or administration hit a record level.
"We have been delivering high returns on tangible common equity while generating significant levels of capital. During the first quarter, we returned nearly $1.1bn to shareholders through share repurchases and dividends and strengthened our key regulatory capital ratios."
"The progress we are making in digitizing our firm and harnessing emerging technologies should result in an increasingly distinctive client experience, new sources of value for our clients and reduced structural costs for our company. We see ourselves as being an investments platform company that integrates the best of what we and others have to offer for the benefit of our clients and the marketplace," Hassell concluded.