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TaxTec report reveals extent of withholding tax issue
04 November 2024 UK
Reporter: Clelia Frondaroli

The amount, an estimated US$16.4 billion, is left unclaimed for a number of reasons, including that the reclamation process remains bureaucratic and complex

UBS launches its first tokenised investment fund
04 November 2024 Singapore
Reporter: Klea Neza

The company says token holders can now access UBS Asset Management’s institutional grade cash management solutions

ITRS appoints Ryan Terpstra as CEO
04 November 2024 UK
Reporter: Jack McRae

Terpstra has over two decades of experience at the C-suite level, most recently serving as chief product officer at ION Analytics

Albilad Capital selects Riyad Capital as custodian
04 November 2024 Saudi Arabia
Reporter: Klea Neza

The appointment follows the successful listing of Albilad CSOP Hong Kong China equity ETF

Citi welcomes Hwang as Korea’s Head of Citi Commercial Bank
04 November 2024 Korea
Reporter: Clelia Frondaroli

The company says Jaewon Hwang, in his new position, will be instrumental to overseeing business operations in Korea as well as driving financial performance

Citi and Fidelity International release PoC for on-chain MMF
04 November 2024 Singapore
Reporter: Carmella Haswell

The solution could enable investors to conduct seamless and real-time settlement of multi-asset positions in different currencies, the firms say

HSBC receive China domestic fund custody licence
01 November 2024 China
Reporter: Jack McRae

The licence allows HSBC to provide custody services to onshore funds offered by fund and asset managers domiciled in mainland China

Standard Chartered conducts HKD blockchain transactions with Ant International
01 November 2024 Hong Kong
Reporter: Klea Neza

Both companies are participants of the HKMA’s Ensemble Sandbox

CBI partners with Zumo
31 October 2024 UAE
Reporter: Jack McRae

The partnership will enable both firms to explore the tracking of digital asset sustainability

FINBOURNE picks Jordan as VP of Finance
31 October 2024 UK
Reporter: Clelia Frondaroli

Having worked closely with the company in the past, Christopher Jordan enters his new role from Santander Corporate and Investment Banking

S&P Global Market Intelligence partners with MarketAxess
31 October 2024 US
Reporter: Clelia Frondaroli

This partnership will see the integration of S&P Global Bond Reference Data into MarketAxess’ data products

Broadridge launches ClearFi
31 October 2024 US
Reporter: Clelia Frondaroli

Broadridge notes the solution will help clients to address emerging global regulations, including Canadian and UK know-your-product (KPY) rules