London, UK-based Altana Wealth Limited has appointed Societe Generale Securities Services (SGSS) in Ireland to provide fund administration, transfer agency and depositary services for their fund structure Altana UCITS Funds plc.
The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a co-operation agreement to foster collaboration between the two regulatory authorities in promoting financial innovation.
The Global Legal Entity Identifier Foundation (GLEIF) reports that it and five ‘first mover’ Legal Entity Identifier (LEI) issuing organisations have successfully concluded a prototype exercise to test the end-to-end process of collecting and validating data on the direct and ultimate parents of legal entities that have an LEI.
I’m told the markets are already circling themselves, adopting holiday trading patterns early this year. Chatting on email to clients, they tell me the US Federal Reserve interest rate hike is nailed on, there are bargains out there as other accounts try to “manage” books pre-year end, but no one seems particularly convinced on market directions.
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, says it has published a guide for fund managers wishing to establish a managed account.
Copenhagen-headquartered Saxo Bank, a multi-asset investment and trading specialist, and Beijing-based Phoenix Finance, a financial technology firm, have signed a memorandum of understanding to form a white label partnership.
Ye Gods. I despair at the BBC's news coverage, I really do. Currently on the flagship Radio Five Live 'news' channel we are having an extended discussion about a woman letting her hair go grey, and a 'woman of colour' (her words, not mine) explaining about 'relaxing' her hair from the age of five.
Last week it was wall-to-wall child sex abuse, today it's the dyeing or non-dyeing of hair. Does anyone at the BBC actually possess any news judgment?
PS Memo to the BBC: reading out agency copy off the wires does not constitute 'breaking news'.
Who IS the antipodean clown presenting business 'news' on BBC 'News' 24? His method of delivery, shouting and gurning and hopping from foot to foot and rocking back and forward is clearly meant to demonstrate confidence in his abilities and convey a sense of urgency (heaven forfend that the BBC might run the risk of boring the non-specialist viewer for a nano-second).
But it is achieving exactly the opposite. I can scarcely hear, let alone understand, a word of what he says (and I have been around the international financial world my entire adult professional life) and has prompted me to switch off. Jeff Randall remains the only business presenter on any English language broadcasting channel proven to be worth his salt.