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Industry predicts AIFMD sluggishness
18 February 2014
London

More than half of fund managers, prospective clients and consultants attending a seminar on AIFMD said they believed investors would still not be engaged in AIFMD considerations by December 2015.??...

TMF Group takes over Custom House
17 February 2014
Malta

TMF Group has acquired 49 percent and become the sole owner of Custom House Global Fund Services. The transaction is subject to regulatory clearance, but is expected to be completed by June 2014...

JTC outsources for blossoming fund admin
17 February 2014
The Channel Islands

Fund administrator JTC Group has chosen eFront to support the continuing expansion of its business portfolio...

Revel Wood is new CEO of RBS Luxembourg SA
17 February 2014
Luxembourg

The Royal Bank of Scotland (RBS) has hired Revel Wood as CEO of RBS (Luxembourg) SA, its Luxembourg-domiciled management company and fund governance business...

ESMA extends its EMIR Q+A, to general irritation
14 February 2014
Brussels

The European Securities and Markets Authority (ESMA) has updated its Q&A to address concerns over the European Markets Infrastructure Regulation (EMIR), despite those in the industry saying that the update has come too late...

Lyxor AM's CEO is latest exec to depart
14 February 2014
Paris

Lyxor Asset Management has appointed Lionel Paquin as its CEO to replace Inès de Dinechin, who is leaving the group...

HSBC scores Cornwall pension fund mandate
13 February 2014
Cornwall

HSBC Global Asset Management has been chosen as one of two managers to collectively manage £60 million in active frontier market equities, on behalf of the £1.4 billion Cornwall Pension Fund and its members...

Milestone signs Oppenheimer into NAV solution
13 February 2014
Boston

OppenheimerFunds has selected Milestone Group’s NAV oversight solution to automate in-house verification of outsourced fund processing functions...

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