The new actuarial standard for assessing pension risk, ASOP 51, came into effect in the US on 1st November, requiring actuaries to factor in potential risks that “may be reasonably anticipated to significantly affect the plan’s future financial condition”. In an article written by Chief Investment Officer (CIO) magazine, Michael Carse, defined benefit product manager at RiskFirst, explains some of the benefits of the rule – including the enhancement of risk management by formally putting in place the types of risk measures that plan sponsors’ CIOs should be seeing from their advisors, as well as promoting greater collaboration between actuaries and investment consultants – and how technology can play a key role in facilitating effective risk management.
To read the full article, please click here
In November 2018, Deutsche Bank will go live with its Enterprise Analytics Capability in Germany. Described by Fiona Gallagher, the Bank’s Head of GTB Securities Services, as a “ground-breaking launch for Deutsche Bank and the wider banking industry”, the function will collate and analyse millions of lines of data every day, identifying potential efficiencies. This broader view over client liquidity positions will likely drive more effective capital management, thanks to a combination of Deutsche Bank’s deep wells of data, its technological and analytics capabilities, and banking expertise.
Following Moorgate’s outreach to the specialist press, this launch was covered by Funds Europe, Banking Tech, Markets Media, Asset Servicing Times, Securities Lending Times, Global Investor Group, Fintech Roundup, Finextra and Global Custodian.
In what marks its first international expansion move, Chicago-based RedRidge Diligence Services – provider of due diligence services to investors and lenders – has opened a new office in London.
Former RBS banker Andrew Robbins has been appointed Director as the company looks to grow its European footprint. With over 20 years’ experience in the industry, Robbins will be responsible for developing RedRidge’s diligence offering as it expands outside the US.
Following Moorgate’s outreach, the news was covered by: City AM, Global Banking and Finance Review, Private Equity Wire, Institutional Asset Manager, ABL Advisor, Business Money, Trade Finance, TXF, and Fintech Finance.
Crown Agents Bank has appointed Susanne Chishti to its board as a non-executive director. Susanne brings more than 20 years of financial expertise, with experience that draws on previous senior positions held at Morgan Stanley, Lloyds Banking Group and Deutsche Bank. In 2014, Chishti founded FINTECH Circle – a global fintech community which enables emerging financial technology firms to expand their businesses and provides educational courses via the FINTECH Circle Institute and the bestselling FINTECH Book Series. Chishti’s knowledge and influence in the global fintech space will support Crown Agents Bank in becoming an agile, digital transaction bank for emerging markets.
“My role is to provide solutions – by connecting Crown Agents Bank with the best fintech providers in the market, we can utilise the latest technologies and business models to meet our clients’ needs,” explains Chishti.
News of the appointment was covered by Global Banking & Finance Review, Private Equity Wire, Specialist Banking, TXF, Financial IT and Fintech Insight.
Natixis plans to sell its Consumer financing, Factoring, Leasing, Sureties & guarantees and Securities services businesses to its majority owner Groupe BPCE SA, for a total of €2.7bn.
The move, if successfully completed, will allow Natixis to accelerate the development of its asset-light model. In turn, Natixis would invest up to €2.5bn over its New Dimension strategic plan, primarily in asset management, compared with €1bn initially planned.
The news was covered by The Financial Times, Reuters, IFR, Globesnewswire, Law 360, Yahoo Finance, New York Times, Market Watch, This is money, CNBC, Euroinvestor, Post Online Media, Investsize.
In an article for Africa Global Funds, Doina Buruiana, Project Manager at the International Chamber of Commerce Banking Commission, discusses the obstacles in the way of growth for the trade finance sector in Africa.
Despite the numerous challenges ahead, Buruiana explains that banks in Africa have the most optimistic outlook on the trade finance sector, according to results from the ICC’s 10th Global Survey on Trade Finance.
Read the article on pages 14-15 of the August edition of Africa Global Funds.
Writing in The Asian Banker, Olivier Paul, Head of Policy at the International Chamber of Commerce Banking Commission, discusses Asia-Pacific’s role as a global trading hub and the world’s largest trade finance provider.
Building on results from the ICC’s 10th Global Survey on Trade Finance, Paul also notes that outlook on the growth is positive although the sector must still overcome a variety of challenges, notably those relating to protectionist policies, regulation and compliance.
To read the full article, please click here.
Writing in Investment Europe, Emmanuel Issanchou, Global Head of Structured Credit & Solutions at Natixis, discusses the appeal of the Dutch mortgage market.
Issanchou explains why investors are heading to the market, how it has evolved and expanded over the last decade and the growing need for non-bank investment.
To read the article, please click here.
Dubai-based Falcon Drones Technology FZ-LLC and Kenya-based cargo airline Astral Aviation have today signed a letter of intent for the airline to acquire two Lucas-F250 drones – with an option to purchase an additional 10 in 2019.
The F-250 is an unmanned aerial vehicle with a range extending 1500km, endurance of up to 10 hours, a cruise speed of 150km per hour and maximum speed of 200km per hour.
Following Moorgate’s outreach, the news was covered by: Air Cargo World, The Load Star, Business Daily Africa, Air Cargo News, Arabian Aerospace, Aerofix Aviation, African Aerospace, Aircargo Asia-Pacific, CA&AS, sUAS News, Amazing Drones, and Kena News.
Falcon Bridging Finance Limited – bridging finance division of publicly credit rated specialist financier Falcon Group – has selected Positive Lending as their latest financial intermediary.
Under the terms of the partnership, Positive Lending will give intermediaries submitting enquiries access to Falcon’s comprehensive bridging range.
The news was covered by: Bridging Loan Directory, Financial Reporter, Mortgage Introducer, Best Advice, and Specialist Finance Introducer