Infrastructure Investor reports on the key takeaways from Natixis Infrastructure Day

As part of Paris InfraWeek 2017, last month’s Natixis Infrastructure Day in Paris attracted a multitude of institutional investors, banks, policymakers and developers to discuss their views on the key trends and challenges of today’s global infrastructure market.

As reported by Infrastructure Investor, the two main discussions of the day focused on the increasing risks faced by renewable energy investors, as well as telecom’s current drivers of development and investment. Of particular interest to the audience was how to best manage environmental, social and governance (ESG) practices, and how the market will need to overcome different ESG monitoring systems to make substantial progress forward.

The full article can be read here.

 

It’s more than just apps: Commerzbank’s Edith Weymayr shows how digital banking is done in an article for World Finance

All banks want to take their products and services into the digital age. But Edith Weymayr, Commerzbank’s Divisional Board Member, Mittelstandsbank South, explains that true innovation means going further than developing flashy smartphone apps. In an article for World Finance magazine, she argues that “driving change requires taking a holistic, end-to-end strategy that can set new trends and, through collaboration, weather digital disruption” – taking inspiration from the bank’s ongoing transformation programme, “Commerzbank 4.0”.

Find the article on pages 72-73 of the latest edition.

S&P’s Julyana Yokota considers potential improvements to Colombia’s 4G toll road program in P3 Bulletin

Improving Colombia’s road network is critical for its economic growth. According to the World Economic Forum, the country’s toll roads rank in the bottom 20 countries surveyed in the world in terms of quality. To address this issue, in 2013 the Colombian government embarked on a highly ambitious series of road projects, known as the 4G Toll Road Concession Program.

However, significant construction risk – inherent in building across a complex geographical landscape – is hindering the 4G program’s progress.

The question Julyana Yokota, director, Global Infrastructure Ratings, S&P Global Ratings, asks in P3 Bulletin is: can government legislation, designed to encourage more international capital flows, overcome these challenges?

To read the full article, please click here (subscription required).

Image credit Creative commons user: JDCG CG. (License),

Cartwright adopts RiskFirst’s PFaroe – news covered by specialist press

Cartwright, an actuarial and investment consultant for occupational pension schemes, has adopted RiskFirst’s risk analytics platform, PFaroe, to model scheme assets and liabilities. Cartwright will use PFaroe to perform asset-liability modelling, monitor funding levels and investment risk, and track triggers for asset switches, enabling the consultancy to design and implement holistic real-time client-focused solutions better suited to a more dynamic world.

Sam Roberts, Head of Investment Consulting at Cartwright, says: “Our strength, expertise and deep experience is in helping each of our clients to better understand and prioritise their scheme’s investment objectives and risks, and then to implement an effective, practical investment strategy to achieve these objectives. By supporting our strength with specialists in their own related field – such as the creation of models and the development of analytics – this creates a virtuous circle which allows us to focus even more on our clients and their strategies, whilst ensuring holistic, best-in-class solutions are available to all our clients, no matter what their size. When it comes to analytics and user-friendly technology, it is clear that RiskFirst are the industry leaders.”

Following outreach by Moorgate, the news was covered by the specialist press: Finextra, bobsguide, International FinanceInstitutional Asset Manager, Fintech FinanceFinancial IT, ITbriefing.net.

 

Writing in IFR, Natixis’ Emmanuel Issanchou discusses the increasing trend for European investment in the Dutch mortgage market

 

Historically, the major Dutch banks have had a monopoly over their domestic mortgage market. The financial crisis, however, has changed that. Nearly a decade on, banks are still cautious lenders – constrained by unprecedented regulatory pressures. As such, non-bank mortgage lending is on the rise in the Dutch Market. And, as institutions across the Continent have intensified their search for yield in the current environment, this new asset class looks set to be a significant feature of the European real estate investment landscape in 2017.

In IFR, Emmanuel Issanchou, Global Head of Structured Credit & Solutions at Natixis, discusses the opportunities for European investors in the Netherlands mortgage market, and the platforms and partnerships helping them to reap a long-term yield within it. Issanchou considers this a “win-win situation”: as demand for housing in the Netherlands continues to grow in an environment where bank lending is shrinking, European investors can help to fill the funding gap.

To read the full article, please click here.

Crown Agents Investment Management’s appointment of Neil Michael covered in the specialist press

The senior position is responsible for macroeconomic and market analysis, as well as the design, management and communication of investment strategies.

Michael brings over 20 years of experience in strategic and tactical asset allocation strategies, macroeconomic and market analysis, portfolio management and modelling, risk management, relationship management and investment communication.

Read more on the appointment at Institutional Asset Manager

In bobsguide, BNY Mellon’s Daniela Eder considers how PSD2 is changing the face of payments

Technological innovation – driven by the emergence of a tech-hungry generation – has become a huge catalyst for change across the financial services industry. In January 2018, PSD2 – a revised version of the original PSD1 – will come into effect.  Designed to help harmonise the European market for payment services, PSD2 incorporates enhancements to transparency, customer protection and security (particularly with respect to online and mobile payments), and pricing. Without doubt, PSD2 is set to generate considerable change.

In light of this legislative change, Daniela Eder, Cash Management Business Development Manager, Treasury Services, BNY Mellon, considers the impact PSD2 will have across Europe – and how it could have huge implications for the industry, presenting both challenges and opportunities for banks. In bobsguide, Eder writes that by adopting a carefully considered client-centric strategy and taking a strategic approach to technology investments, banks can not only adapt to the developing payments space, they can be positioned with the capabilities they need to deliver an optimised, value added digital payments experience.

To read the full article, please click here.

RiskFirst case study looks at how NEPC uses PFaroe to provide innovative and tailored solutions

NEPC is one of the industry’s largest independent, full-service investment consulting firms, serving 347 clients with total assets of over US$920 billion. The firm has thought-leadership and innovation at its core, and was one of the very first industry adopters of LDI solutions.

RiskFirst’s latest case study looks at NEPC’s adoption of its risk management platform, PFaroe, in 2015 and how it has embraced its use for defined benefit (DB) pension plan clients that have a heightened focus on asset-liability risk management. PFaroe complements NEPC’s offering by enhancing the firm’s daily monitoring capabilities and allowing for more effective implementation of customized asset allocation glide path strategies.

To read the full case-study please click here.

RiskFirst’s Darius Grant speaks to Global Investor about falling endowment returns

The latest NACUBO-Commonfund’s annual study on endowment returns shows that college and university endowments’ net returns declined for the second straight year in 2016, dropping into negative territory and posting their worst results since the depths of the financial crisis.

Following the release of the figures, Darius Grant, Head of Endowments and Foundations at RiskFirst, spoke to Global Investor magazine about how enhancements to the way that endowments define, measure and manage risk could play a significant role in increasing the probability of maintaining the real value of the endowment spend across generations.

Read the full article here.